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

USA Redbook Retail Sales report shows a 5.3% increase for the week ending October 28 compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:58 pm

The Q3 quarter-on-quarter Employment Benefits have increased by 0.9%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:31 pm

The Employment Wages for Q3 have increased by 1.2% quarter over quarter.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:30 pm

The Employment Cost Index for Q3 has come in at 1.1%, slightly above the estimated 1%.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 12:30 pm

U.S. stocks are expected to extend gains as the Federal Reserve's two-day monetary policy meeting begins. Smid-cap earnings have been better than expected, triggering a strong upward move in premarket trading. However, sentiment towards mega-caps remains muted. The Dow Industrials posted its biggest one-day advance since early June, with the S&P 500 moving out of correction territory. Analysts from LPL Financial expect a strong job market, cooling inflation, the end of Fed rate hikes, stable interest rates, and growing corporate profits to keep the bull market going. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.24% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.08%.

Portfolio Pulse from Shanthi Rexaline

October 31, 2023 | 11:44 am

On Monday, October 30th, U.S. stock markets closed significantly higher, with all 11 S&P 500 sectors ending in the green. Asian markets were mixed, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher, while China’s Shanghai Composite and Shenzhen CSI 300 declined. European markets were trading higher. Commodities saw crude oil and gold trading higher, while the U.S. Dollar Index declined.

Portfolio Pulse from Akanksha Bakshi

October 31, 2023 | 10:44 am

Vice President Kamala Harris is set to announce a private investment of over $200 million aimed at financing advancements in artificial intelligence, according to Bloomberg. The specific companies or foundations involved in this investment have not been disclosed.

Portfolio Pulse from Charles Gross

October 31, 2023 | 9:08 am

Investors are buying stocks due to no military response from Iran over the weekend, ignoring potential bad news on Apple. Reports suggest many Chinese are abandoning iPhones for Huawei’s Mate 60 Pro. Apple's largest supplier, Foxconn, is being targeted by China with tax audits and land use audits. The Bank of Japan's decision is awaited, with opinions ranging from no action to abandoning its yield curve control policy. Money flows are positive in several tech stocks and ETFs. Gold is over $2000, while oil is being sold due to no military action from Iran.

Portfolio Pulse from The Arora Report

October 30, 2023 | 9:30 pm

John Kirby, the White House's NSC Coordinator for Strategic Communications, has stated that they do not believe a ceasefire is the right answer now. This could potentially impact the geopolitical landscape and related assets.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 7:56 pm

The CDC anticipates that the upcoming fall and winter respiratory disease season will likely result in a similar number of hospitalizations as the previous season.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 7:23 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.