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

Lawmakers are drafting a bill to extend telehealth providers' ability to prescribe controlled substances, such as stimulants for ADHD and buprenorphine for opioid addiction, beyond the pandemic-era waivers set to expire at year-end. This move aims to maintain patient access to essential medications.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:17 pm

Major indexes are experiencing a decline following a drop in September consumer confidence readings.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:08 pm

The US Consumer Confidence Index for September fell to 98.7, below the estimated 103.9 and the previous 105.6. This decline may impact market sentiment and consumer-related stocks.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:01 pm

The USA Richmond Manufacturing Index for September reported a value of -21, which is worse than the estimated -13 and the prior month's -19. This indicates a further decline in manufacturing activity in the Richmond area.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 2:00 pm

Fed's Bowman comments on the chilling effect of litigation risk on regulatory agencies following the Chevron ruling, describing it as a positive influence on preventing overreach. Additionally, Bowman notes the difficulty for the Fed in measuring immigration's impact on the labor market.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:56 pm

Fed Governor Michelle Bowman emphasized a cautious approach to rate cuts, balancing inflation concerns with labor market stability. She will monitor incoming data ahead of the November FOMC meeting.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:08 pm

Fed Governor Michelle Bowman spoke at the 2024 Kentucky Bankers Association, discussing monetary policy and the economic outlook. She advocated for a smaller rate cut due to ongoing inflation concerns.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:07 pm

The House Price Index for July increased by 0.1%, which is below the estimated 0.2%. This indicates a slower growth in house prices than expected.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 1:00 pm

The Redbook report indicates that US retail sales increased by 4.4% for the week ending September 21 compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 12:55 pm

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