Streetbeat News

XLP

Consumer Staples Select Sector SPDR Fund

https://www.ssga.com/us/en/intermediary/etfs/funds/the-consumer-staples-select-sector-spdr-fund-xlp

Industry

Asset Management

In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.

Open

82.09

Mkt cap

17B

Volume

8.1M

High

82.51

P/E Ratio

27.97

52-wk high

84.53

Low

81.64

Div yield

0.03

52-wk low

70.12

Stocks rose on Friday, driven by strong earnings reports. Netflix hit record highs with a 10% surge, while gold miners rallied as gold prices reached new records. Oil prices fell below $70, and major indices like the Nasdaq 100 and S&P 500 saw gains. ETFs such as SPY, DIA, and QQQ also rose.

Portfolio Pulse from Piero Cingari

October 18, 2024 | 5:49 pm

The semiconductor sector led a market rally, with Nvidia reaching record highs and TSMC's strong earnings boosting tech sentiment. The iShares Semiconductor ETF rose 2.3%. Gold hit new highs despite rising Treasury yields. The U.S. dollar strengthened, and major indices saw mixed performances.

Portfolio Pulse from Piero Cingari

October 17, 2024 | 5:28 pm

Alice Walton, Walmart heiress, has regained her title as the world's richest woman with a net worth of $89.1 billion. Walmart Inc. (NYSE:WMT) saw a slight stock decline, impacting related ETFs.

Portfolio Pulse from Michael Juliano

September 19, 2024 | 8:06 pm

Walmart Inc. plans to introduce a pay-by-bank feature in 2025, allowing direct payments from checking accounts via Fiserv's NOW Network. This move aims to enhance transaction speed and convenience. Walmart is also preparing for the holiday season with initiatives like an inflation-free Thanksgiving meal and expanded delivery services.

Portfolio Pulse from Nabaparna Bhattacharya

September 19, 2024 | 6:33 pm

As the Federal Reserve shifts to a more accommodative monetary policy, analysts recommend ETFs in utilities, real estate, consumer staples, and more. BofA suggests focusing on defensive sectors and quality yield opportunities, with specific ETF recommendations across various asset classes.

Portfolio Pulse from Piero Cingari

September 17, 2024 | 3:29 pm

U.S. stocks rallied on Monday, recovering from last week's sell-off. Palantir surged on S&P 500 inclusion, while airline stocks and ETFs like JETS rebounded. Anticipation of Apple's event and key inflation data fueled optimism. Commodities and cryptocurrencies also saw gains.

Portfolio Pulse from Piero Cingari

September 09, 2024 | 5:35 pm

The U.S. stock market experienced a significant downturn due to disappointing August jobs data, with major indices dropping over 1%. The Nasdaq 100 faced its worst week in two years, heavily impacted by a slump in semiconductor stocks. The iShares Semiconductor ETF and Nvidia saw notable declines. Investors moved towards cash and bonds, while commodities and cryptocurrencies also suffered losses.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 5:46 pm

The S&P 500 fell below 4,500 points due to cooling jobs data, while Tesla led tech gains. Natural gas prices spiked, and major indices saw declines. Notable stock movements included Tesla's 4% rise and Verizon's acquisition of Frontier Communications.

Portfolio Pulse from Piero Cingari

September 05, 2024 | 5:35 pm

Wall Street saw a slight rebound on Wednesday after a sharp sell-off, with chipmakers recovering and Tesla rising on strong sales data from China. Dollar Tree plummeted due to poor earnings, while ASML fell after a downgrade. Expectations for a Federal Reserve rate cut increased.

Portfolio Pulse from Piero Cingari

September 04, 2024 | 5:14 pm

The first trading session of September saw a significant selloff in risk assets, with major indices and tech stocks dropping sharply. The VIX surged, indicating increased market anxiety. The yen strengthened, while oil prices fell below $70. Treasury yields dropped amid weak U.S. manufacturing data, and several major tech stocks experienced substantial declines.

Portfolio Pulse from Piero Cingari

September 03, 2024 | 6:01 pm

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