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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

589.72

Mkt cap

538B

Volume

74M

High

590.20

P/E Ratio

29.51

52-wk high

600.17

Low

583.86

Div yield

0.01

52-wk low

449.29

In a CNBC interview, Fed's Goolsbee stated that it's important to look beyond two-week movements of long-term yield rates. He added that if long rates are sustained at high levels, it would most likely indicate tightening.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:08 pm

Federal Reserve's Goolsbee has stated that there are positive supply side developments in the economy. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 1:07 pm

Federal Reserve's Neel Kashkari stated that there has been no discussion about rate cuts at the Fed. He also mentioned that the labor market continues to be robust and there is not much evidence of the economy weakening.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 12:41 pm

The S&P 500 and Nasdaq are set to break their 6-day rally as stock futures indicate a lower opening on Tuesday. The day is expected to be dominated by a series of Federal Reserve speeches. The SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.36% to $434.10 and the Invesco QQQ ETF (NASDAQ:QQQ) fell 0.31% to $368.07 in premarket trading. Several companies including Alteryx, Inc. (NYSE:AYX), Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), and Sanmina Corporation (NASDAQ:SANM) saw significant movement in premarket trading following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

November 07, 2023 | 12:15 pm

OPEC Secretary General has stated that the demand for oil continues to rise significantly. This could potentially impact the prices of oil-related ETFs.

Portfolio Pulse from Charles Gross

November 07, 2023 | 10:45 am

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

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