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Quit claim deed loopholes7/26/2023 SOFI rose nearly 10% after Truist Securities analysts led by Andrew Jeffrey lifted their price target from $8 to $11. ABNB rose 5%, after France's finance ministry announced that it is working on plans to close a tax loophole benefiting short-term furnished rentals. CCL rose 14% on the day, after both JPMorgan and Bank of America upgraded the company and raised the price targets.Īirbnb, Inc. The Federal Reserve of New York revealed the consumer inflation expectations survey for May, showing that year-ahead expectations fell to 4.1% in May 2023, the lowest since March 2021, down from 4.4% in April.Ĭarnival Corp. The Energy Select Sector SPDR Fund XLE was the daily worst performer, down 1.1%. The Technology Select Sector SPDR Fund XLK rose 1.3%, followed by the Consumer Discretionary Select Sector SPDR Fund XLY, up 1.1%, and the Communication Services Select Sector SPDR Fund XLC, up 0.5%. Monday's Trading In Major US Equity ETFs: In midday trading on Monday, the SPDR S&P 500 ETF Trust was 0.34% higher to $431.39, the SPDR Dow Jones Industrial Average ETF DIA rose 0.3% to $340.18 and the Invesco QQQ Trust QQQ was 0.78% higher to $357.27, according to Benzinga Pro data. Drawing on historical forward after the commencement of a bull market, he noted that the average and median return 12 months after a bull market officially starts were 18-19%. Turnquist noted that it took 165 trading days for the index to surpass the 20% threshold of the bear market low, marking the second-longest period to confirm a new bull market in nearly 75 years. 12 low can now be labeled as a bear market low, the analyst said. The S&P 500's entry into a new bull market suggests the Oct. LPL Financial chief technical strategist Adam Turnquist weighed in on the recent market rally. Small caps were also quite upbeat, with the Russell 2000 Index up 0.8%. The S&P 500 was up 0.4%, while the Dow Jones rose by 0.3%. averages, up 0.8% on the day, reflecting the tech-sector dominance. The Nasdaq 100 continues to outperform other major U.S.
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