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

Robert Kiyosaki, author of 'Rich Dad, Poor Dad', shares his perspective on determining if the economy is in a recession. His comments come as the Federal Reserve plans to raise rates by 50 basis points this year, and market participants weigh the possibilities of extended rate hikes.

Portfolio Pulse from Bhavik Nair

June 23, 2023 | 2:20 am

The market on close imbalance is showing a $3.5 billion buy-side imbalance, indicating a potential increase in stock prices.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 7:53 pm

The market on close imbalance is $776 million to the buy-side, indicating a potential increase in stock prices.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 7:37 pm

President Biden stated that Secretary of State Blinken's trip to China was successful and his comment on Xi Jinping being a dictator did not undermine or complicate the US-China relationship.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 6:02 pm

Indian Prime Minister Narendra Modi announced a landmark agreement with General Electric (GE), potentially boosting the company's presence in the country.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 5:55 pm

Since Warren Buffett's Berkshire Hathaway purchased Apple shares in 2016, the stock has significantly outperformed the overall market. An investment of $1,000 in Apple at that time would now be worth $7,811.79, a 681.2% return, compared to a 139.2% return for the S&P 500.

Portfolio Pulse from Chris Katje

June 22, 2023 | 5:37 pm

Geoff Morrell, former Disney executive, has been hired by the Saudi Public Investment Fund to assist with media relations for LIV Golf's partnership with the PGA Tour. Morrell's role will involve providing communications and stakeholder consulting services.

Portfolio Pulse from Benzinga Newsdesk

June 22, 2023 | 4:49 pm

OpenAI CEO Sam Altman stated at the Bloomberg Summit that no single person, including himself, should be trusted with AI technology decisions. He emphasized the importance of collective decision-making.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 4:08 pm

Fear has evaporated in the stock market, with greed taking over. Wall Street's fear gauge VIX dropped as S&P 500 ETF SPY, Invesco QQQ Trust Series 1, Tesla, NVIDIA, and VanEck Semiconductor ETF fell. Jobless claims came in at 264K, and central banks in the UK, Norway, and Switzerland raised interest rates.

Portfolio Pulse from The Arora Report

June 22, 2023 | 4:07 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.