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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 UK's National Cyber Security Centre (NCSC) is collaborating with Microsoft to understand the impact of a Chinese hack that affected US government agencies. The extent of the damage and the potential implications for the UK are currently under investigation.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:43 pm

Kremlin spokesman has stated that there is no final decision on withdrawing from the Black Sea grain deal, according to Reuters citing RIA.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:39 pm

Russian President Vladimir Putin has stated that the Black Sea grain deal will be extended once promises are made under the deal are fulfilled. The specifics of the promises or the impact on grain prices were not detailed.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:38 pm

The U.S. Appeals Court has opened a docket on the Federal Trade Commission's (FTC) effort to overturn its loss in the fight against Microsoft's plan to acquire Activision. This development could potentially delay or disrupt the acquisition process.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:37 pm

PepsiCo's acquisition of Quaker Oats, which included the Gatorade brand, in 2000 has proven to be a profitable investment for shareholders. A $1,000 investment in PepsiCo at the time of the acquisition would now be worth $4,086.26, a return of 308.6% over the last 22+ years. This outperformed the broader stock market, including the SPDR S&P 500 ETF, which would have returned 234.6%.

Portfolio Pulse from Chris Katje

July 13, 2023 | 4:36 pm

Russian President Vladimir Putin has stated that despite being in contact with the United Nations, efforts to reach a deal regarding the Black Sea have been unsuccessful.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:09 pm

China's top envoy, Wang Yi, has stated that the U.S. and China need to take practical actions to bring their ties back onto the right track, according to Reuters citing Xinhua.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:08 pm

A judge has ruled that a cryptocurrency token sold to the public may not be classified as securities. This could potentially impact the regulatory landscape for cryptocurrencies.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 4:04 pm

Federal Reserve's Daly stated that her current focus is on determining whether there is a need for further interest rate hikes and the extent of such hikes to bring inflation down to 2%.

Portfolio Pulse from Happy Mohamed

July 13, 2023 | 3:42 pm

US Producer Price Index (PPI) increased by 0.1% in June, indicating a reduction in pricing pressures. This has led investors to anticipate an end to the Federal Reserve's interest rate hike cycle. Economists predict a slowdown in both economic activity and consumer prices throughout 2023. Peter Essele, Head of Portfolio Management for Commonwealth Financial Network, predicts the S&P 500 could top 5000 by the end of the year.

Portfolio Pulse from AJ Fabino

July 13, 2023 | 3:39 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.