SPY ETF Rises 1.60% in 5 Days and 11% YTD; Moderate Buy with 10.7% Upside Potential

The SPDR S&P 500 ETF Trust (SPY) has risen 1.60% over the past five days and is up 11% year-to-date. TipRanks' ETF analyst consensus rates SPY as a Moderate Buy with an average price target of $718.37, implying a 10.7% upside potential. The top five holdings with the highest upside potential are Loews, Moderna, Charter Communications, LKQ Corporation, and Pacific Gas & Electric.

The SPDR S&P 500 ETF Trust (SPY) has seen significant gains over the past five days, rising by 1.60% and posting an 11% year-to-date increase. This performance comes amidst a backdrop of optimism in AI stocks and heightened investor attention to new inflation data. The S&P 500 itself closed above 6,500 for the first time on July 28, 2025, driven by strong economic data and the resilience of the tech sector [1].

The Nasdaq 100, S&P 500, and Dow Jones Industrial Average gained 0.58%, 0.32%, and 0.16%, respectively, on July 28, 2025, with investors expressing optimism in AI stocks. This optimism is reflected in the S&P 500's record close, which was achieved despite concerns about inflation [1].

Investors are now closely watching new inflation data, with economists expecting a 0.2% rise in the PCE index for July. The Personal Consumption Expenditures (PCE) Index is a key measure of inflation that the Federal Reserve closely monitors. A softer reading could cement expectations for a September rate cut, while a hotter number could complicate those bets [2].

The SPDR S&P 500 ETF Trust (SPY) has a Moderate Buy consensus rating and an average price target of $718.37 per share, implying a 10.7% upside potential. This suggests that investors are cautiously optimistic about the market's prospects [3].

Meanwhile, Nvidia's (NVDA) earnings report on Wednesday is expected to be a pivotal moment for the chipmaker and the broader market. The company, a leader in the AI boom, is expected to report strong sales despite headwinds from China export curbs. Nvidia warned in May of an $8 billion revenue hit from export restrictions and has been negotiating with the Trump administration to launch a scaled-down Blackwell-based chip for Chinese data centers [2].

The upcoming week promises a mix of significant events that could shape market sentiment. Investors will be closely watching Nvidia's earnings, the PCE inflation report, and the reemergence of Bed Bath & Beyond (BBBY) as key catalysts for stock price movements [2].

The top five holdings with the highest upside potential in SPY are Loews, Moderna, Charter Communications, LKQ Corporation, and Pacific Gas & Electric. These companies are expected to benefit from continued economic growth and technological advancements [3].

References:
[1] https://www.ainvest.com/news/500-hits-record-investors-eye-inflation-data-optimism-ai-stocks-2508/
[2] https://www.ainvest.com/news/nvidia-earnings-focus-stock-futures-remain-steady-record-surge-2508/
[3] https://www.ainvest.com/news/nvidia-earnings-weigh-dow-jones-futures-ai-stocks-mixed-reactions-2508/