Wall Street Surges in August: Best-Performing ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 03 2024
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Source: NASDAQ.COM
U.S. Stock Market Performance: U.S. stocks ended August positively, with the Dow Jones up 4.6% for the month, driven by optimism over potential Federal Reserve rate cuts following a favorable inflation report. The S&P 500 also saw gains, marking its fourth consecutive month of growth.
Economic Growth and ETFs: The U.S. economy grew at a robust 3% annual rate in Q2, supported by strong consumer spending. Notable performing ETFs in August included the Global X MSCI Argentina ETF, which rose 16.8%, and several others that also posted significant gains.
Analyst Views on SETH
Wall Street analysts forecast SETH stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SETH 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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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.
