The S&P 500 rose 0.9% over a holiday-shortened week, marking its second consecutive weekly gain and 11th positive week in 12. The index initially rallied on optimism about a new Iran peace deal and SpaceX's IPO but briefly dipped after the Federal Reserve's meeting. It rebounded strongly after the peace deal was signed, closing the week just 1.4% below its record high from early June. Year-to-date, the S&P 500 is up 9.6%, closely tracking the S&P Equal Weight Index's 9.3% gain, reflecting steady market resilience amid geopolitical and economic developments.
The Amplify AI Powered Equity ETF (AIEQ), which uses an AI-driven model on the IBM Watson platform to select stocks, has not consistently outperformed major ETFs like IVV and QQQ. Since January 2024, AIEQ has lagged behind IVV by nearly 12%. Concerns...
The iShares S&P 100 ETF (OEF), which tracks the 100 largest S&P 500 stocks, has delivered strong recent returns driven by top performers like Nvidia and Alphabet. However, Wall Street analysts predict a slowdown in earnings growth for this concentrat...
