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S&P 500 Communication Sector SPDR
(NY:
XLC
)
87.50
+0.61 (+0.70%)
Official Closing Price
Updated: 8:00 PM EDT, Aug 23, 2024
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Paramount Explores Partnership Expansion With Amazon: Report
May 16, 2024
Paramount Global is reportedly discussing a potential media partnership expansion with Amazon, focusing on bundling channel sales and advertising. Paramount+, already featured on Amazon's Channels...
Via
Benzinga
Meta Pulls Plug On Enterprise Communication Tool Workspace After 10 Years
May 14, 2024
Meta Platforms Inc (NASDAQ:META) announces the shutdown of Workplace, its business communication platform, marking a pivotal shift in enterprise strategy. Learn how this closure impacts Facebook's...
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Benzinga
Wall Street Trades Flat On Mixed Producer Inflation; Meme Stocks See Wild Ride, Bitcoin Drops: What's Driving Markets Tuesday?
May 14, 2024
Wall Street is experiencing a subdued trading session, with all major indices showing minimal movement around midday in New York.
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Benzinga
Alphabet's Autonomous Vehicle Unit Waymo Faces Scrutiny Over Traffic Violations
May 14, 2024
U.S. auto safety regulators probe Waymo self-driving vehicles for potential traffic violations, following 17 collisions. NHTSA examines 444 vehicles after reports of erratic behavior near traffic...
Via
Benzinga
Tech Stocks Inch Higher Ahead Of Key Inflation Data, GameStop Skyrockets, Tencent Fuels China Rally: What's Driving Markets Monday?
May 13, 2024
Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days.
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
Google Parent Alphabet Eyes HubSpot Acquisition: Bloomberg
May 09, 2024
Alphabet Inc (NASDAQ:GOOGL) eyes HubSpot Inc. (NYSE: HUBS) in a strategic move poised to reshape the CRM sector. With HubSpot's soaring market capitalization and Alphabet's vision to bolster its CRM...
Via
Benzinga
Communications, Energy Are 2024’s Sector Leaders For US Stocks
May 07, 2024
The upside momentum in the US stock market so far this year continues to be led by rallies in communications services and energy shares, based on a set of ETFs through Monday’s close (May 6).
Via
Talk Markets
Topics
ETFs
Stocks On Track For Third Green Session, Palantir Ignites Rally In Chipmakers, Commodities Rebound: What's Driving Markets Monday?
May 06, 2024
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively...
Via
Benzinga
Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What's Driving Markets Friday?
May 03, 2024
A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.
Via
Benzinga
Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift
May 02, 2024
Utilities, once the underperformers, have emerged as the surprise winners in S&P 500's first four months. Tech dipped while utilities surged.
Via
Benzinga
Topics
Stocks
Exposures
US Equities
Wall Street Inches Up After Powell's Inflation Remarks; Chipmakers Rebound; Gold, Crude Falter: What's Driving Markets Thursday?
May 02, 2024
U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains.
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
US Stocks Mixed Ahead Of Fed Meeting, Chipmakers Tumble After AMD Earnings, Bitcoin Sinks: What's Driving Markets Wednesday?
May 01, 2024
Traders are treading cautiously in Wednesday’s session, seeking more clarity on the Federal Reserve’s stance with inflation reports exceeding expectations.
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
Google Announces Layoffs Across Key Teams as It Gears Up for I/O Developer Conference
April 30, 2024
Google confirms layoffs in vital teams ahead of annual I/O conference, aiming to align resources with product priorities and reduce bureaucracy.
Via
Benzinga
Topics
Workforce
Exposures
Layoff
April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market
April 30, 2024
Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.
Via
Benzinga
Topics
Stocks
Exposures
US Equities
Meta Faces EU Probe For Suspected Failure To Combat Russian Disinformation: Report
April 29, 2024
The European Commission reportedly launches an investigation into Meta Platforms' Facebook and Instagram amid concerns of Russia disinformation. Suspicions of inadequate moderation have raised alarms,...
Via
Benzinga
Stocks Dive On Fears Of Hawkish Fed; Treasury Yields Rise, Bitcoin Tumbles To $60,000: What's Driving Markets Tuesday?
April 30, 2024
Investor apprehension grips Wall Street with major indices showing midday losses on Tuesday in New York trading, ahead of the Federal Reserve’s potentially hawkish pivot in Wednesday’s meeting.
Via
Benzinga
How Long Risk-On?
April 27, 2024
While XLF disappointed Friday, it‘s doing really OK considering the rising rates – when it starts to rise, that would be a first confirmation of higher stock prices ahead.
Via
Talk Markets
Tech Stocks Rebound As Magnificent 7 Roar On Strong Earnings, Energy Giants Tumble: What's Driving Markets Friday?
April 26, 2024
Strong earnings reports from Alphabet Inc. (NASDAQ:GOOGL) and Microsoft Corp. (NASDAQ:MSFT) have restored positive sentiment in the market, sweeping away fears of increasing risks of stagflation that...
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
US Stocks Kick Off The Week In The Green, Tesla Rockets On China's FSD Approval, Yen Rallies: What's Driving Markets Monday?
April 29, 2024
U.S. stocks kicked off the week on a positive note, with all major averages edging higher in anticipation of significant events including earnings reports from tech giants like Amazon.com Inc....
Via
Benzinga
Meta's Threads Enhances User Control with New Features
April 26, 2024
Meta's Threads introduces Hidden Words feature to filter offensive and unwanted content from feeds and mentions, following Hinge's lead.
Via
Benzinga
Magnificent 7 Tumble, Wipe Out $300 Billion On Meta's Weak Guidance, Q1 Stagflation Woes
April 25, 2024
Tech stocks plummet as Magnificent 7 giants lose $303B in market value. Meta Platforms issues weak guidance, GDP growth slows and inflation rises.
Via
Benzinga
Topics
Economy
Exposures
Interest Rates
Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?
April 24, 2024
Rising Treasury yields have investors cautious despite positive news from the earnings season. The yield on the long-dated 30-year Treasury bond has surged to 4.79%. It’s on track to close at the...
Via
Benzinga
Topics
Bonds
Exposures
Debt Markets
AT&T's Q1 Operating Cash Flow and Free Cash Flow Got A Boost - Does It Make A Case For Higher Dividends?
April 24, 2024
AT&T reported Q1 operating revenues of $30.03B, down 0.4%, missing consensus of $30.54B. Adjusted EPS of $0.55 beat consensus of $0.54. Mobility segment saw 741K wireless net adds. AT&T reiterated FY24...
Via
Benzinga
Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?
April 23, 2024
Stocks surged as weak economic data raised hopes for Fed rate cut. S&P 500 up 1.2%, Nasdaq 100 up 1.5%, Dow Jones up 0.6%. Spotify shares jump 17% on earnings.
Via
Benzinga
Topics
Economy
Stocks
Exposures
Interest Rates
US Equities
Meta Platforms ETFs To Buy Ahead Of Q1 Earnings
April 22, 2024
Social media giant Meta Platforms is set to release first-quarter fiscal 2024 results on Apr 24 after market close.
Via
Talk Markets
Topics
ETFs
S&P 500 Nears 6-Day Slide, Nasdaq 100 Faces Worst Week Since Late 2022: What's Driving Markets Friday?
April 19, 2024
U.S. stocks are experiencing declines this Friday, on track of ending another week of negative performance.
Via
Benzinga
Topics
Stocks
Exposures
US Equities
Stocks Edge Higher As Earnings Provide Support, Tesla Sinks To 15-Month Lows, Bitcoin Rebounds: What's Driving Markets Thursday?
April 18, 2024
Stocks surged higher on Thursday, with the S&P 500 index aiming to snap a four-day losing streak as investors assess the latest wave of corporate earnings.
Via
Benzinga
Google's Strategic Job Cuts Reflect Ongoing Cost-Cutting Measures, Affecting Real Estate and Finance Departments
April 18, 2024
Google's Alphabet Inc announced selective layoffs to reduce costs amidst economic uncertainty. Real estate and finance departments affected.
Via
Benzinga
Topics
Workforce
Exposures
Layoff
Meta's Strategic AI Investments Enhance Ad Targeting, Boosting Revenue Projections: Analyst
April 17, 2024
Truist Securities analyst Youssef Squali maintained a Buy rating for Meta Platforms Inc and raised its price target. He expects strong revenue and earnings growth due to improved monetization and AI...
Via
Benzinga
Topics
Artificial Intelligence
Exposures
Artificial Intelligence
Meta's Threads Introduces Real-Time 'Recent' Filter to Enhance Search Experience
April 16, 2024
Meta introduces new filter on Threads for sorting recent search results, addressing need for real-time content. Test currently limited to select users.
Via
Benzinga
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