Nasdaq and S&P 500 Futures Hold Steady Before Key Bank Earnings and Jobless Claims: Focus on NVDA, TSM, CVX, MSFT, and AMZN for Traders Today | Intellectia.AI
Nasdaq and S&P 500 Futures Hold Steady Before Key Bank Earnings and Jobless Claims: Focus on NVDA, TSM, CVX, MSFT, and AMZN for Traders Today
Written by Emily J. Thompson, Senior Investment Analyst
Market Overview: Traders are focused on earnings reports from major banks like Goldman Sachs, Morgan Stanley, and BlackRock, while U.S. stock futures showed mixed trading early Thursday after a weak close in the previous session.
Retail Sentiment Shift: Retail sentiment towards key equity ETFs has turned bullish, with the SPDR S&P 500 ETF flipping from bearish to bullish, while sentiment for the Invesco QQQ Trust remains bullish amid high trading volumes.
Precious Metals Performance: Precious metals have seen recent gains, with gold prices retreating from record highs and silver prices also experiencing a sharp decline after surging previously, influenced by U.S. tariff negotiations on critical minerals.
Corporate Developments: Notable corporate activities include TSMC's significant profit jump driven by AI demand, Microsoft's record-breaking carbon credit purchase, and Amazon's aggressive challenge against Saks Global's bankruptcy filing.
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY 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.
0 Analyst Rating
Wall Street analysts forecast SPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPY 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.
0 Buy
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0 Sell
Current: 685.400
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Current: 685.400
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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.
