The SPDR S&P 500 ETF Trust (SPY) gained 0.69% on Wednesday, primarily driven by optimism about potential Federal Reserve interest rate cuts and strong performance in certain technology and retail stocks ahead of the Thanksgiving holiday.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

Within SPY’s holdings, Healthcare, Consumer Discretionary, Communication Services, and the Consumer Staples sector posted gains today, while the Energy and Utilities sectors declined the most.
Importantly, SPY closely tracks the S&P 500 Index (SPX), which was up 0.69%, while the tech-heavy Nasdaq 100 (NDX) gained 0.87%.
It must be noted that markets will remain closed tomorrow, November 27, 2025, for the Thanksgiving Holiday and will close early on November 28, 2025.
Fund Flows and Sentiment
SPY’s 5-day net inflows totaled $2 billion, showing that investors put capital into SPY over the past five trading days. Meanwhile, its three-month average trading volume is 79.01 million shares.

It must be noted that the retail sentiment for the SPY ETF is positive, while hedge fund managers have decreased their holdings of the ETF in the last quarter.
SPY’s Price Forecast
According to TipRanks’ unique ETF analyst consensus, which is based on a weighted average of analyst ratings on its holdings, SPY is a Moderate Buy. The Street’s average price target of $782.22 for the SPY ETF implies an upside potential of 15.09%.
Currently, SPY’s five holdings with the highest upside potential are:
Meanwhile, its five holdings with the greatest downside potential are:
- Albemarle Corporation (ALB)
- Expeditors International of Washington (EXPD)
- Tesla (TSLA)
- Incyte (INCY)
- Paramount Skydance (PSKY)
Revealingly, SPY’s ETF Smart Score is a seven, implying that this ETF is likely to perform in line with the broader market.
Power up your ETF investing with TipRanks. Discover the Best AI ETFs, with High Upside Potential, carefully curated based on TipRanks’ analysis.

