Wall Street just about snaps four-week losing streak, helped in part by dovish Fed
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
S&P 500 Weekly Performance: The S&P 500 index rose 0.51% for the week, ending at 5,667.56 points, marking a rebound after entering correction territory, although it remains 7.76% below its record close. The week was characterized by volatility due to the Federal Reserve's interest rate decision and the expiration of significant contracts in the "triple witching" event.
Sector Performance Overview: Out of the 11 sectors in the S&P 500, seven ended negatively, with Consumer Staples experiencing the largest decline. Conversely, Energy, Financials, Health Care, and Industrials were the top gainers for the week.
Analyst Views on XLF
Wall Street analysts forecast XLF stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XLF 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
0 Buy
0 Hold
0 Sell
Current: 53.460
Low
Averages
High
Current: 53.460
Low
Averages
High
No data
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.
