SPY ETF Daily Update, 2/26/2026

FomoAnxiety · 2026-02-27T04:53:28+00:00

The SPDR S&P 500 ETF Trust (SPY) fell 0.56% following a tech selloff, particularly after Nvidia's disappointing earnings report. Despite investor outflows, hedge funds are increasing their holdings. Analysts project a moderate buy rating for SPY, with an 18.43% upside potential.

FomoAnxiety

2026-02-27 04:53:28

Abstract generation in progress

The SPDR S&P 500 ETF Trust SPY -0.56% ▼ declined 0.56% today, February 26, driven primarily by a tech-sector selloff following Nvidia’s NVDA -5.46% ▼ Q4 earnings report, which failed to boost market confidence despite beating earnings expectations.

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Importantly, SPY closely tracks the S&P 500 Index (SPX), which was down 0.54% in the regular trading session, while the tech-heavy Nasdaq-100 (NDX) tanked 1.16%.

Key Catalysts That Can Move the SPY ETF

January’s Producer Price Index (PPI) report is one of the key catalysts for the SPY ETF because it will show whether inflation pressures at the wholesale level are cooling or picking back up. The data can quickly shift expectations for interest‑rate cuts and move the broader market.

Fund Flows and Sentiment

SPY’s five-day net outflows totaled $3 billion, showing that investors pulled capital out of the ETF over the past five trading days. Meanwhile, its three-month average trading volume is 79.67 million shares.

It must be noted that the retail sentiment for the SPY ETF is negative, whereas hedge fund managers have increased 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 has a Moderate Buy rating. The Street’s average price target of $816.33 for the SPY ETF implies an upside potential of 18.43%.

Currently, SPY’s five holdings with the highest upside potential are:

Oracle ORCL +1.64% ▲
Trade Desk TTD -4.81% ▼
Intuit INTU +3.46% ▲
ServiceNow NOW +4.86% ▲
GoDaddy GDDY +8.95% ▲

Meanwhile, its five holdings with the greatest downside potential are:

Loews L -0.02% ▼
Moderna MRNA +0.66% ▲
Ciena CIEN -3.44% ▼
Corning GLW -6.31% ▼
Comfort Systems FIX -0.85% ▼

Revealingly, SPY’s ETF Smart Score is seven, implying that this ETF is likely to perform in line with the broader market over the long term.

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