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SPY ETF Shows Resilience with 12.8% YTD Gain Amid Market Optimism
SPY ETF Shows Resilience with 12.8% YTD Gain Amid Market Optimism
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BTCCSquare news:
The SPDR S&P 500 ETF Trust (SPY) continues its upward trajectory, posting a 1.35% gain over the past week and a 12.8% year-to-date return. Analyst consensus rates SPY as a Moderate Buy, with a $730 price target suggesting 11% upside potential.
Top holdings with bullish outlooks include Moderna and Chipotle Mexican Grill, while Tesla and Warner Bros. Discovery appear vulnerable. The ETF's Smart Score of 8 signals likely market outperformance, reinforcing confidence in large-cap equities.
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