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

Federal Reserve's Daly stated that if the labor market and inflation continue to cool, there would be no need to adjust rates. Furthermore, if financial conditions remain tight, it reduces the need for more action from the Fed.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:14 pm

Federal Reserve's Daly has stated that the current economic slowdown could lead to a steady progress towards the Fed's goals. However, she also acknowledged the presence of real risks in the inflation projection.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:13 pm

Federal Reserve's Mary Daly stated that the economy still has considerable momentum, despite being far from 2% inflation and sustainable employment. She also noted that job growth remains well above what's needed to keep pace with growth, even with recent slowing in the labor market.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:12 pm

Federal Reserve's Mary Daly stated that to fully achieve their goals, vigilance and agility are required. The statement suggests a cautious approach towards monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:11 pm

A recent Reuters/Ipsos poll suggests that if Robert F. Kennedy were to run in a three-way race with Biden and Trump, he would draw the support of 14% of U.S. voters. The SPY ETF is mentioned in the article.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:09 pm

Federal Reserve Bank of San Francisco President Mary Daly stated that the current monetary policy is restrictive. She emphasized that progress is not victory and the Fed must remain resolute.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 4:08 pm

Russian President Vladimir Putin has confirmed that Russia continues to supply gas to Europe and is transiting gas via Ukraine, for which it is paying Ukraine for the transit.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:53 pm

The Market Clubhouse Morning Memo discusses the trade strategy for SPY, QQQ, AAPL, MSFT, TSLA, NVDA, GOOGL, and META. The memo provides price levels for these stocks based on a proprietary formula that takes into account price, volume, and options flow. The memo recommends monitoring these stocks for potential breakouts or reversals. The trading atmosphere is focused on the unemployment data reveal and inputs from Federal Reserve speakers.

Portfolio Pulse from RIPS

October 05, 2023 | 3:24 pm

The US Army is planning major cuts to its special-operations forces, including the Green Berets, as it struggles with recruiting and shifts its focus towards China. This comes after a significant expansion of these forces post-9/11.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 3:22 pm

President Biden's security plan for the Middle East, which could lead to increased oil production from Saudi Arabia, has caused the biggest fall in oil prices in a year. This is generally positive for the stock market, except for oil stocks. Walmart has reported that people on weight loss drugs are buying less food, which could negatively impact many med-tech, restaurant, alcohol, and food and beverage stocks. Money flows are positive for Tesla and NVIDIA, but negative for Apple, Amazon, Alphabet, Meta Platforms, and Microsoft. Money flows are mixed for SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

October 05, 2023 | 3:15 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.