Forecast of $SPDR S&P 500 ETF Trust(SPY)$ @TigerGpt TigerGPT，your new investing superpower Click to learn more
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Based on the information provided, it is difficult to provide a specific forecast for SPDR S&P 500 ETF Trust (SPY). However, there are a few factors that could affect the performance of SPY: rising interest rates, inflation concerns, and the ongoing earnings season. Additionally, according to a recent analysis, SPY appears to be significantly overvalued based on several metrics and may be on the verge of a bear market. It is important to note that investing always carries some level of risk.
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S&P 500 futures rise slightly as investors weigh Big Tech earnings, await key jobs data: Live updates
The S&P 500 booked a third straight day of declines on Thursday as longer-dated Treasury yields spiked in the wake of the U.S. downgrade by Fitch Ratings. The Dow Jones Industrial Average shed about 67 points, or 0.2%, ending near 35,215, according to preliminary FactSet data. The S&P 500 index closed down 0.3% and the Nasdaq Composite Index shed 0.1%. Investors continued to monitor U.S. economy data against a backdrop where the nation's credit worthiness has become a key source of debate. Fitch on Tuesday cut its U.S. ratings to AA+ from AAA, becoming the second major rating agency to do so in the past dozen years.Investors were keeping a close eye on the jump in long-term Treasury yields, with the 10 year rate climbing to 4.188% on Thursday afternoon and the 30-year Treasury yield up near 4.304%, marking the highest yield on both since November 2022, according to Dow Jones Market Data.Investors also will be digesting quarterly earnings from Apple Inc. and Amazon due after the
Investing.com -- The S&P 500 cut some losses Thursday as investors bought the dip in the tech ahead of quarterly results from Amazon and Apple after the market closes.The S&P 500 rose 0.3%, the Dow Jones Industrial Average fell 0.1%, or 22 points, and Nasdaq was flat.Tech cuts losses as investors buy dip in chips; Paypal slumps. Tech cut early-day losses as investors bought the dip in chips from a day earlier, pushing Advanced Micro Devices Inc and NVIDIA Corporation higher to offset losses in Qualcomm .Qualcomm fell more than 10% after the chipmaker’s gloomy update on guidance for the current quarter and third-quarter revenue that fell short of Wall Street estimates weighed on sentiment.While Qualcomm’s guidance was in line with estimates, investors were spooked by “management’s soft commentary around its Dec quarter and incremental headwinds in 2024,” Deutsche Bank said as it downgraded the stock to Hold from Buy.“We expect continued softening [in the labor market],” Morgan Stanley
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