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 Chair Jerome Powell has announced that the Fed will not be cutting rates this year. This decision could impact the overall market and particularly the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:07 pm

Federal Reserve Chair Jerome Powell has announced that the Fed's staff is no longer forecasting a recession, according to Bloomberg. This could potentially signal a more optimistic outlook for the US economy.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:05 pm

Federal Reserve Chair Jerome Powell stated that the current monetary policy is working as expected, according to Bloomberg. This statement could influence the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:59 pm

Federal Reserve Chair Jerome Powell has stated that no one should doubt the Fed's commitment to using its tools to bring inflation to target. This statement comes amid concerns about rising inflation in the US.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:54 pm

Federal Reserve Chair Jerome Powell has expressed uncertainty about the length of lags in monetary policy. This statement could potentially impact the market's expectations about future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:54 pm

Federal Reserve Chair Jerome Powell has stated that there is an ongoing debate about the timing of economic lags, suggesting that the clock starts earlier than it used to.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:53 pm

Federal Reserve Chair Jerome Powell has stated that the possibility of the Fed making moves at consecutive meetings is not off the table, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:53 pm

Federal Reserve Chair Jerome Powell has stated that a more gradual pace of interest rate hikes does not necessarily mean that the Fed will adjust rates at every other meeting. This statement was made in response to speculation that the Fed might adopt a slower pace of rate hikes.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:52 pm

Federal Reserve Chair Jerome Powell stated that the current monetary policy has not been restrictive enough for a sufficient duration to bring inflation to the target level. He added that there is still a long way to go.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:52 pm

Federal Reserve Chair Jerome Powell has indicated that the pieces of the economic puzzle are coming together, according to Reuters. No specific details were provided in the news snippet.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:51 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.