The US stock market slipped on March 13 as investors worried about escalating conflicts and their potential impact on the economy. The SPDR S&P 500 ETF Trust (SPY) fell by 0.57% in today’s trading session, closely following the S&P 500 Index (SPX), which dropped 0.61%. The tech-heavy Nasdaq-100 (NDX) also decreased 0.62%.
Investor sentiment remains positive for SPY, with hedge funds boosting their holdings over the past quarter. Despite this, the ETF has seen significant outflows of $2 billion in its five-day net outflow. Trading volume averaged 82.7 million shares.
TipRanks’ analysis suggests a Moderate Buy rating and an upside potential of 27.3% based on analyst ratings. The top five holdings with highest upside are Fair Isaac (up 3.44%), Loews (down 0.38%), Ares Management (up 5.45%), KKR (up 2.44%), and ServiceNow (up 0.58%). The bottom five holdings with greatest downside potential include Moderna, CF Industries, APA Corp., Archer-Daniels-Midland, and Valero Energy.
The Smart Score of seven implies that SPY ETF is likely to follow the market’s performance over the long term.
Source: https://www.tipranks.com/news/why-is-the-spy-etf-down-today-3-13-2026