Best ETFs of Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 09 2024
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Source: NASDAQ.COM
- Wall Street Performance: Wall Street saw a rally led by tech stocks on Friday, but all major U.S. equity indexes ended the week in negative territory due to uncertainty about Federal Reserve interest rate cuts.
- Economic Highlights: The U.S. labor market performed well in March, adding 303,000 jobs and lowering the unemployment rate to 3.8%, exceeding expectations.
- Market Volatility: Investors faced volatility throughout the week due to economic indicators, corporate updates, and tensions in the Middle East, with the U.S. manufacturing sector growing for the first time in one-and-a-half years.
- Oil Prices: Oil prices remained near six-month highs driven by concerns over supply disruptions due to tensions between Israel and Iran.
- ETF Winners: Highlighted winning ETFs of the week include Silver Mining ETFs, Volatility ETFs, ETFs to Fight Rising Rates, and Uranium Miner ETFs.
Analyst Views on SLVP
Wall Street analysts forecast SLVP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLVP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 43.370
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Current: 43.370
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
