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

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

PayPal has launched a USD-backed stablecoin, PYUSD, issued by Paxos Trust Co. The FDA approved Sage Therapeutics and Biogen's Zurzuvae for postpartum depression but rejected it for major depressive disorder. Yellow Corp has filed for bankruptcy. RTX's subsidiary Pratt & Whitney is recalling jet engines, affecting airlines globally. Apple is hiring for roles in generative AI. Credit Suisse plans to cut 80% of its Hong Kong-based investment banking staff. Sohu.com, Tyson Foods, Gogo, and BioNTech reported declines in their recent earnings, while TreeHouse Foods, Henry Schein, and Elanco Animal Health reported growth.

Portfolio Pulse from Vandana Singh

August 07, 2023 | 2:34 pm

The article discusses the recent market trends and the potential impact of seasonal selling. It mentions that stocks are strong and the big picture case is getting stronger, suggesting a pullback, not a bear market. The Bullish Percent indexes for SPX and QQQ were hinting at the start of a pullback two weeks ago. The article also mentions that Amazon's stock is up due to better-than-expected earnings, and that SPY and QQQ are below the short-term 8 and 21-day moving averages.

Portfolio Pulse from Andrew Moss

August 07, 2023 | 2:17 pm

The CB Employment Trends Index for July was reported at 115.45, slightly above the estimated 115.31 and significantly higher than the previous month's 114.31.

Portfolio Pulse from Happy Mohamed

August 07, 2023 | 2:01 pm

Market Clubhouse's Morning Memo discusses trade strategies for SPY, QQQ, MSFT, META, and NVDA. The analysis is based on a proprietary formula that considers price, volume, and options flow. The memo provides potential price levels for each asset and advises traders to monitor these stocks closely and adjust their tactics based on market conditions.

Portfolio Pulse from RIPS

August 07, 2023 | 1:42 pm

The article covers a range of topics including US markets, crypto, US politics, world politics, US economy, tech, electric vehicles, consumer, communication, and general news. Key highlights include Tyson Foods, Henry Schein, Apple, Microsoft, Tesla, Nvidia, Amazon, Google, and DraftKings. In crypto, Bitcoin, Ethereum, and Dogecoin are mentioned. In politics, DeSantis, GOP Presidential Candidate, Bill Barr, and Trump are discussed. In tech, Apple's iPhone 15 and M3-Powered Mac Mini are highlighted. In electric vehicles, Tesla's revenue growth and diner plans are mentioned.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 11:08 am

On Friday, August 4, U.S. markets ended lower with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite falling by 0.43%, 0.53%, and 0.36% respectively. Apple Inc. shares also fell after the company reported Q3 results. Asian markets showed mixed results with Japan's Nikkei 225 rising and Australia's S&P/ASX 200 and China's Shanghai Composite falling. European markets and commodities were mostly down, while U.S. futures were up.

Portfolio Pulse from Akanksha Bakshi

August 07, 2023 | 10:23 am

North Korean hackers have reportedly breached NPO Mashinostroyeniya, a top Russian missile maker. The potential implications of this cyber attack are yet to be fully understood.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:51 am

NY Fed President Williams stated that inflation is decreasing as expected and unemployment may rise slightly as the economy cools. He did not dismiss the possibility of lowering rates in early 2024, depending on economic data.

Portfolio Pulse from Charles Gross

August 07, 2023 | 9:17 am

The market on close imbalance is leaning towards the sell-side with $1.8 billion. This could potentially impact the overall market sentiment and the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 7:52 pm

The market on close imbalance is leaning towards the sell-side with $155 million. This could potentially impact the SPY ETF.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 7:33 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.