SPDR S&P 500 ETF Trust (SPY) option IV steady into FOMC meeting
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Oppenheimer lowers full-year S&P 500 price target but says 3-month correction likely near an end
October 30, 2023 2:08 PM EDTOppenheimer's chief investment strategist, John Stoltzfus, said the firm is revising its year-end price target for the S&P 500 lower in a note to clients Monday.
Stoltzfus revealed the firm is lowering their price target for the benchmark index to 4400 from 4900 to reflect the S&P 500's three-month sell-off, pushing the benchmark last week to correction levels.
"Mixed Q3 earnings results and cautious guidance among members of the so-called 'Magnificent Seven' technology and tech-related stocks along with a... More
