Streetbeat News

SPY

SPDR S&P 500 ETF Trust

http://www.spdrs.com

Industry

Asset Management

The Trust seeks to achieve its investment objective by holding a portfolio of the common stocks that are included in the index (the “Portfolio”), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the index.

Open

593.08

Mkt cap

547B

Volume

46M

High

596.65

P/E Ratio

30.00

52-wk high

596.65

Low

593.00

Div yield

0.01

52-wk low

433.40

Baidu has reportedly placed an order for AI chips from Huawei, shifting away from Nvidia. The order includes 1,600 of Huawei's Ascend 910 AI chips.

Portfolio Pulse from Charles Gross

November 07, 2023 | 9:47 am

Israeli Prime Minister Netanyahu has announced that Israel will take 'overall security responsibility' of Gaza following the war. This could potentially impact the stability in the region.

Portfolio Pulse from Charles Gross

November 07, 2023 | 12:22 am

U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu are discussing potential humanitarian ceasefires in the ongoing Israel-Hamas conflict. The U.S. does not support a permanent ceasefire as it would benefit Hamas. The Israeli shekel is appreciating, and Israeli-related stocks are showing mixed performance. The SPDR S&P 500 ETF Trust (NYSE:SPY) and the Invesco QQQ Trust (NASDAQ:QQQ) showed marginal increases, while the ARK Israel Innovative Technology ETF (NYSE:IZRL) declined and the iShares MSCI Israel ETF (NYSE:EIS) increased.

Portfolio Pulse from Piero Cingari

November 06, 2023 | 9:01 pm

The U.S. government is planning a $320 million weapons transfer to Israel amid escalating conflict in Gaza, according to the Wall Street Journal.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:40 pm

The White House has announced that President Biden and Prime Minister Netanyahu have discussed the need to significantly increase the delivery of humanitarian aid in the coming week.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:38 pm

The European Commission is set to recommend that the EU begins membership negotiations with Ukraine and Moldova once they meet outstanding conditions. Formal accession talks could start next year, according to two EU officials cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:35 pm

Chinese President Xi Jinping is expected to attend a dinner with top American CEOs during the Asia-Pacific Economic Cooperation Summit in San Francisco next week. This could potentially influence US-China relations and impact related stocks.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 7:26 pm

The White House's Kirby has stated that the U.S. does not believe a general ceasefire is appropriate at this time. No specific reasons were given for this stance.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 6:22 pm

Israel's military is currently striking Hezbollah targets in Lebanon, according to Reuters. This could potentially impact the stability in the region and affect related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 5:15 pm

The SPDR S&P 500 (NYSE:SPY) opened slightly higher after the Federal Reserve decided to hold interest rates steady and job gains data came in lower than expected. The SPY logged its best week this year, rising 5.85% between Oct. 27 and Friday. The market ETF was consolidating on Monday, forming an inside bar on lower-than-average volume. Traders can play the SPY either bullishly or bearishly through Direxion Daily S&P 500 Bull 3X Shares (NYSE:SPXL) and Direxion Daily S&P 500 Bear 3X Shares (NYSE:SPXS).

Portfolio Pulse from Melanie Schaffer

November 06, 2023 | 4:48 pm

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