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

The ISM Manufacturing Employment index for July came in at 44.4, lower than the expected 48.0 and the prior month's 48.1.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 8:37 am

The ISM Manufacturing PMI for July came in at 46.4, slightly below the expected 46.8 and above the prior figure of 46.0.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 8:21 am

The ISM Manufacturing Prices for July came in at 46.4, which is higher than the estimated 42.8 and the prior figure of 41.8.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 8:07 am

The Market Clubhouse Morning Memo discusses trading strategies for SPY, QQQ, AAPL, MSFT, and AMZN. The memo provides key price levels for each asset, based on a proprietary formula that takes into account price, volume, and options flow. The memo suggests that traders should monitor these stocks closely and be prepared to leverage potential breakouts or reversals.

Portfolio Pulse from RIPS

August 01, 2023 | 3:32 pm

The S&P Global US Manufacturing PMI for July is reported at 49.0, which is in line with estimates and higher than the previous month's figure of 46.3.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 3:23 pm

The U.S. House of Representatives Select Committee on Chinese Communist Party has sent letters to Blackrock and MSCI. Blackrock has responded by stating that it complies with all applicable U.S. government laws and will continue to engage with the Select Committee directly on the issues raised.

Portfolio Pulse from Happy Mohamed

August 01, 2023 | 1:49 pm

US markets closed higher on July 31, with the S&P 500 gaining 3.1% and the Dow Jones rising 3.4%. Asian markets also showed positive trends, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher. However, the Shanghai Composite and Hang Seng index closed lower. In the Eurozone, the STOXX 600, DAX, and CAC 40 traded lower. Commodities saw mixed trends, with Crude Oil and Gold trading lower, while Natural Gas traded higher. US futures were down, and the US Dollar Index was up.

Portfolio Pulse from Akanksha Bakshi

August 01, 2023 | 10:56 am

US stocks are expected to reverse course on Tuesday as traders prepare for a barrage of earnings reports and the JOLTS report. Energy stocks helped offset weakness in the consumer staple and healthcare spaces on Monday. Analysts at LPL Financial are positive about the near-term market outlook, with the S&P 500 within 4% of a new all-time high. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.22% and the Invesco QQQ ETF (NASDAQ:QQQ) slipped 0.24%. Several companies including Artista Networks, Inc. (NYSE:ANET), Merck & Co., Inc. (NYSE:MRK), Pfizer, Inc. (NYSE:PFE), Sirius XM Holdings, Inc. (NASDAQ:SIRI), Uber Technologies, Inc. (NYSE:UBER), JetBlue Airways Corp. (NASDAQ:JBLU), Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Caterpillar, Inc. (NYSE:CAT), Advanced Micro Devices, Inc. (NASDAQ:AMD), Starbucks Corp. (NASDAQ:SBUX), Vertex Pharma, Inc. (NASDAQ:VRTX), Electronics Arts, Inc. (NASDAQ:EA), and MicroStrategy, Inc. (NASDAQ:MSTR) are set to release their quarterly results.

Portfolio Pulse from Shanthi Rexaline

August 01, 2023 | 10:52 am

July saw strong gains in global equity markets, with some countries posting double-digit monthly returns. The SPDR S&P 500 ETF Trust (NYSE:SPY) outperformed the iShares MSCI All Country World Index Ex-US ETF (NYSE:ACWX) in 2023, but underperformed global equities in July. Top performing country ETFs in July included iShares MSCI Poland ETF (NYSE:EPOL), SPDR S&P China ETF (NYSE:GXC), iShares MSCI South Africa ETF (NYSE:EZA), VanEck Vietnam ETF (NYSE:VNM), and iShares MSCI Turkey (NYSE:TUR).

Portfolio Pulse from Piero Cingari

July 31, 2023 | 9:26 pm

The market on close imbalance is leaning towards the sell-side with $632M. This could potentially impact the overall market sentiment and the performance of broad market ETFs like SPY.

Portfolio Pulse from Happy Mohamed

July 31, 2023 | 7:51 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.