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The SPDR S&P 500 ETF Trust (SPY) has risen 0.31% over the past five days and is up 10.3% year-to-date. TipRanks' ETF analyst consensus rates SPY as a Moderate Buy with an average price target of $714.27, implying a 10.7% upside potential. The ETF's five holdings with the highest upside potential are Loews, Moderna, The Trade Desk, Charter Communications, and LKQ Corporation, while its five holdings with the greatest downside potential are Paramount Skydance, Garmin, Viatris, Lennar Corporation, and Tesla. SPY's ETF Smart Score is eight, indicating a likely long-term outperformance.
Interactive Brokers (IBKR) is set to join the S&P 500 on Thursday, replacing Walgreens Boots Alliance (WBA) in the index. The digital brokerage and financial asset custodian's shares have outperformed major indices, rising above $63 on Tuesday [1]. The broader market has been tepid, with the market viewing US President Donald Trump's attempt to fire Federal Reserve (Fed) Governor Lisa Cook for cause as an attempt to mess with Fed independence and force interest rate cuts [1].
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