From NASDAQ.:

The analysts at ETF Channel have conducted a comparison of the trading price of ETF holdings against the average analyst 12-month forward target price, resulting in the computation of the weighted average implied analyst target price for the ETF itself. This analysis aims to provide insights into the potential future performance of the ETFs in their coverage universe.

In other news, the stock market experienced a slight drop today, with the S&P 500 and Dow Jones Industrial Average both falling by 0.2%. This decline comes amid concerns about the potential impact of rising inflation and the ongoing conflict in Ukraine on the global economy.

Additionally, the latest data from the Labor Department revealed that jobless claims have reached a new pandemic low, dropping to 187,000 last week. This signals a positive trend in the labor market, as employers continue to ramp up hiring efforts in response to the ongoing economic recovery.

Meanwhile, the housing market continues to show strength, as sales of previously owned homes rose by 6.7% in January, surpassing economists’ expectations. This surge in home sales suggests that demand for housing remains robust, despite the challenges posed by limited inventory and rising prices.



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