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

The upcoming PCE price index report is crucial for validating the Federal Reserve's recent interest rate cuts and predicting future cuts. Market experts expect a slight decrease in headline PCE inflation and a slight increase in core PCE inflation. The SPDR S&P 500 ETF Trust (SPY) has been trading higher ahead of the report.

Portfolio Pulse from Chris Katje

September 26, 2024 | 6:58 pm

President Biden announced plans to expedite funding to strengthen Ukraine's position in future negotiations and address its defense needs. This move could have implications for defense-related stocks and broader market indices.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 6:22 pm

The USA 7-Year Note Auction resulted in a yield of 3.668%, slightly lower than the pre-sale when-issued yield of 3.675% and down from the prior yield of 3.770%.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 5:03 pm

The article discusses the impact of China's potential stimulus plan on global markets, highlighting a positive sentiment in U.S. stocks, particularly in the semiconductor and AI sectors. Micron Technology's stock surged due to negative Wall Street positioning despite mediocre earnings. The article also notes positive money flows in major tech stocks and ETFs, and provides investment strategies considering current economic conditions.

Portfolio Pulse from The Arora Report

September 26, 2024 | 4:17 pm

US Federal Reserve Vice Chair Michael Barr announced that the Fed is reviewing the Supplementary Leverage Ratio as part of a capital rule review, with no current planned changes. A proposal on tweaks to bank liquidity rules is expected later this year or early next year.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 3:00 pm

The Federal Reserve's Michael Barr stated that the Fed views the discount window as a normal funding source and believes banks should use it when appropriate.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:55 pm

The President of the State of Palestine, Mahmoud Abbas, has stated that Israel has almost entirely destroyed Gaza, rendering it unfit for life. This statement highlights the ongoing conflict and its severe impact on the region.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:44 pm

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