Streetbeat News

USO

United States Oil Fund, LP

http://www.unitedstatesoilfund.com

Industry

Asset Management

USO invests primarily in futures contracts for light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas, and other petroleum-based fuels.

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President Biden will not urge Israel to exercise restraint, according to officials. This could potentially impact the geopolitical landscape and indirectly affect the performance of certain ETFs.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 3:32 pm

The article discusses the current positioning of Wall Street ahead of important inflation data. It highlights the strength of tech stocks, represented by Invesco QQQ Trust Series 1 (QQQ), and the market's anticipation of better-than-consensus inflation numbers. The IMF has raised its inflation projections to 5.8% for the next year. PepsiCo (PEP) reported better than expected earnings and guided higher, dismissing concerns about the impact of weight loss drugs on its business. The article also mentions positive early trade money flows in Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN), and negative flows in Apple (AAPL), Alphabet (GOOG), Tesla (TSLA), and NVIDIA (NVDA).

Portfolio Pulse from The Arora Report

October 10, 2023 | 3:02 pm

Yemen's Houthi group has threatened to respond with drones, missiles, and other military options if the US intervenes in Gaza. This could potentially escalate geopolitical tensions in the Middle East.

Portfolio Pulse from Bill Haddad

October 10, 2023 | 1:48 pm

The Israeli Embassy in the U.S. has reported that the death toll from a Hamas attack on Saturday has risen to over 1000. However, a spokesperson for Ben Gurion airport has denied that the airport was hit by any rockets, stating that operations there continue as normal.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:41 pm

The Saudi Cabinet, following the OPEC+ Joint Ministerial Monitoring Committee (JMMC), has expressed its support for efforts to stabilize oil markets, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:26 pm

The Israeli military has reported sirens in Tel Aviv, indicating possible incoming rockets. This could potentially escalate tensions in the region.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2023 | 12:25 pm

The White House's Kirby announced that the first tranche of security assistance is on its way to Israel, with more U.S. security assistance expected to follow. This information was reported by Reuters, citing MSNBC.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:41 am

U.S. stocks are expected to start cautiously on Tuesday, with modestly higher stock futures and PepsiCo's strong Q3 report boosting expectations for a positive earnings season. Bond yields continue to ease as traders expect a pause at the Federal Reserve's rate-setting meeting. However, upcoming inflation reports could keep sentiment guarded. Stocks advanced on Monday, with all S&P 500 sectors gaining ground. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF rose in premarket trading on Tuesday.

Portfolio Pulse from Shanthi Rexaline

October 10, 2023 | 11:27 am

Israel has warned Egypt that any trucks carrying supplies into Gaza will be bombed, according to N12 News. This could potentially escalate tensions in the region and impact the performance of related ETFs.

Portfolio Pulse from Charles Gross

October 10, 2023 | 11:11 am

US stock markets closed higher on Monday, October 9, despite the Hamas-Israel conflict and a spike in oil prices. Major defense companies, oil and gas giants saw a surge in their stock prices. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite all closed higher. Asian markets were mixed, with Japan’s Nikkei 225 and Australia’s S&P/ASX 200 closing higher, while China’s Shanghai Composite and the Shenzhen CSI 300 fell. European markets were in the green, and US futures were up.

Portfolio Pulse from Akanksha Bakshi

October 10, 2023 | 10:44 am

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