Top ETF Stories of Q2 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 27 2024
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Source: NASDAQ.COM
- Wall Street Performance: S&P 500 gained 5.1%, Dow Jones lost 0.4%, Nasdaq advanced 8.6%, and Russell 2000 retreated 2.3% in Q2 2024.
- Market Trends: Rising rate worries in April, followed by a strong upswing in May and June due to AI craze, cooling inflation, and Fed rate cut bets.
- International Markets: U.S. markets outperformed international economies with ETFs like ACWI gaining 3.2% and VEU up 1.4% in Q2.
- Tech Giants: Big tech companies like Amazon, NVIDIA, Microsoft, Apple, Meta, Alphabet, and Tesla have been driving market performance.
- Economic Indicators: Inflation cooled down, retail sales wobbled, and U.S. manufacturing struggled, impacting Fed rate cut expectations and treasury yields.
Analyst Views on VEU
Wall Street analysts forecast VEU stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEU 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: 76.630
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Current: 76.630
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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.
