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The Communication Services Select Sector SPDR Fund
2024-03-20 10:50:24 ET
Summary
The US stock market is expected to continue its bull run in 2024, with analysts predicting the S&P 500 to reach around 5400 points.
The Federal Reserve is expected to initiate rate cuts, which will likely add to the bull run and increase market activity.
The communication services sector, including top holdings in the XLC ETF such as Meta, Alphabet, and Netflix, is expected to generate strong earnings growth and contribute to the ETF's upside.