SPY ETF Daily Update, 1/7/2026
The SPDR S&P 500 ETF Trust (SPY) gained 0.59% on Tuesday, reaching a new record high, influenced by AI stocks, positive economic data, and anticipated Fed interest rate cuts. Despite recent net outflows, retail sentiment for SPY is positive, and the ETF holds a Moderate Buy rating according to TipRanks' unique ETF analyst consensus, with an implied upside potential of 15.39%. SPY's Smart Score of eight suggests it is likely to outperform the broader market in the long term.
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