ETFs Archives - Spark Newswire

2 minute read

Crude Oil Eyes Highest Close In 7 Weeks As Inventories Drop More Than Expected: Energy ETF, Stocks On The Move

June 20, 2:17 PM

WTI light crude oil up 0.3% past $81/bbl, highest close since April. US crude, gasoline, distillate inventories decline, raising concerns of insufficient supply. Rising oil prices may impact inflation and US election. Biden admin may release more oil from strategic stockpile. Energy stocks rise 1.5% on Thursday.

HES

2 minute read

S&P 500, Nasdaq 100 Dip From Record Highs As Investors Take Chipmaker Profits; Energy Sector Rebounds, Yields Rise: What’s Driving Markets Thursday?

By Piero Cingari

June 20, 1:41 PM

After the Juneteenth holiday break, Wall Street reopened with a cautious tone, as the S&P 500 and Nasdaq 100 indices declined after hitting all-time highs around midday trading in New York. This decline was driven by profit-taking in chipmaker stocks and rising Treasury yields, which dampened risk sentiment.

ACN

2 minute read

Interest Rate Decisions: Bank Of England Holds Firm, Swiss National Bank Reduces Further — Will Fed Cut In September?

By Michael Juliano

June 20, 11:29 AM

Bank of England kept rates steady while Swiss National Bank cut its key rate. UK ETFs ticked up, with EWU up 0.66%, FLGB up 0.7%, and FKU up 0.57%. BOE is expected to cut rates in August, while other European central banks have already begun easing.

EWU

2 minute read

Jobless Claims Exceed Estimates, Philly Fed Index Declines, Housing Starts And Permits Fall Sharply: Thursday’s Economic Digest

By Piero Cingari

June 20, 9:12 AM

Economic data shows mixed results on Thursday, with higher jobless claims and weak housing starts, but positive future indicators. Market reactions were slight.

QQQ

2 minute read

First-Ever Bitcoin Spot ETF Start Trading On Australia’s Main Stock Market, Investors Get Exposure To US-based VanEck Fund

By Aniket Verma

June 19, 10:24 PM

In a further boost to the cryptocurrency sector, a Bitcoin (CRYPTO: BTC) spot exchange-traded fund has been listed on Australia’s primary stock market for the first time.

BTC

3 minute read

Extreme Heat Waves Set To Drive Up US Natural Gas Prices: 10 Energy Stocks To Watch This Summer

By Piero Cingari

June 19, 2:12 PM

US heat waves call for increased demand and prices for electricity and gas; 10 stocks to watch for benefits.

3 minute read

US Budget Crunch: CBO Warns Federal Interest Costs Now Higher Than Defense Spending, Deficits To Remain Above 5.5% Until 2034

By Piero Cingari

June 19, 12:44 PM

CBO warns that the growing federal deficit puts financial strain on the U.S. government as interest costs set to surpass defense spending for the first time ever.

UTEN

3 minute read

Sizzling Moment For Stocks? S&P 500’s Path To 5,600 ‘Achievable During Summer Rally,’ Says Wall Street Analyst

By Piero Cingari

June 19, 11:00 AM

Looking back to 1928, the S&P 500 has shown a bullish trend during presidential election years, with early June setting a positive tone for the summer months.

OEF

2 minute read

Bitcoin To Rebound In The Next Months, Will Hit $200K In 2025: Bernstein

By Ivan Crnogatić

June 19, 9:17 AM

Bernstein analysts predict spot Bitcoin ETFs will get approved at major wirehouses, with $200,000 BTC target for 2025. Recent price dip could allow for new entry levels before institutional demand surge.

BTC

2 minute read

3 ETFs To Consider For The Next Meme Stock Rally

By Surbhi Jain

June 19, 9:01 AM

Resurgence of Roaring Kitty on social media sparks interest in meme stocks like GME and AMC. Consider BUZZ, SFYF, and BLOK ETFs for exposure to trending stocks, but be aware of risks and volatility.

AMC