SPDR Series – S&P Software & Services (XSW) SPDR ETF gains 1.68% to close at $ 176.18 on October 13

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SPDR Series Trust – SPDR S&P Software & Services ETF (NYSE: XSW) gained to close at $ 176.18 on Wednesday after gaining $ 2.91 (1.68%) on volume of 23,363 shares. The stock ranged from a high of $ 176.27 to a low of $ 174.56, while the market cap of SPDR Series – SPDR S&P Software & Services ETF now stands at $ 565,537,800.

See the SPDR Series Trust Profile – SPDR S&P Software & Services ETF for more information.

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Emerson Electric to Merge Industrial Software Companies with Aspen Technology

Industrial software maker Emerson Electric Co (NYSE: EMR) will merge two of its businesses with smaller rival, Aspen Technology Inc (Nasdaq: AZPN), in an $ 11 billion deal.

The cash and stock transaction announced on Monday values ​​AspenTech at around $ 160 per share, a 27% premium from its October 6 close, before Bloomberg News first reported on the talks between the two. companies.

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JPMorgan misses third quarter revenue, beats profit estimates with one-off items

JPMorgan Chase posted a 24% rise in third-quarter profits on Wednesday, largely thanks to one-off items that boosted results as the bank struggled to increase revenue with interest rates close zero.

The nation’s largest bank by assets said it made a profit of $ 11.69 billion, or $ 3.74 per share, compared to profit of $ 9.44 billion, or $ 2.92 per share. share, during the same period a year earlier. The bank had two one-off items that helped boost its profits this quarter: a $ 566 million tax break and the release of $ 2.1 billion from its troubled loan books, which JPMorgan does every three months. since the US economy began to recover from the pandemic.

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BlackRock beats third quarter earnings estimates, but asset growth flattens

BlackRock Inc topped Q3 earnings estimates on high performance fees and strong demand for its actively managed and sustainable funds, even as market volatility kept the world’s largest fund manager from increasing its assets under management.

Asset managers have benefited from the surge in global financial markets in recent quarters as investors put money to work, making the most of the post-pandemic economic reopening, driven by advances in vaccinations and a strong fiscal and monetary assistance.

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About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange in terms of market value with over $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about SPDR Series Trust – SPDR S&P Software & Services ETF and keep up with the latest company updates, you can visit the company profile page here: SPDR Series Trust – SPDR S&P Software & Services ETF’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

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JPMorgan misses third quarter revenue, beats profit estimates with one-off items


BlackRock beats third quarter earnings estimates, but asset growth flattens

Emerson Electric to Merge Industrial Software Companies with Aspen Technology

Facebook willing to accept more oversight and regulation

Amazon offers greater flexibility for employees to work remotely

California to ban sale of gasoline lawn equipment

Merck Seeks Emergency Clearance From FDA For First Oral COVID-19 Treatment

United Airlines to expand December schedule to 3,500 daily domestic flights


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