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Easy investing apps record-high inflows into S&P 500 index

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Record-high inflows into S&P 500 index funds through easy investing apps this week align with forecasts of a possible new all-time high above 5,350 points. Technical charts show momentum indicators in bullish territory. META boasts a Growth Style Score of B and VGM Score of B, and holds a Zacks Rank #2 (Buy) rating. Its bottom-line is projected to rise 17.9% year-over-year for 2025, while Wall Street anticipates its top line to improve by 19.1% Readers of our stories should not act on any recommendation without first taking appropriate steps to verify the information in the stories consulting their independent financial adviser in order to ascertain whether the recommendation (if any) is appropriate, having regard to their investment objectives, financial situation and particular needs. Providing access to our stories should not be construed as investment advice or a solicitation to buy or sell any security or product, or to engage in or refrain from engaging in any transaction by Forbes Advisor Australia. In comparing various financial products and services, we are unable to compare every provider in the market so our rankings do not constitute a comprehensive review of a particular sector. While we do go to great lengths to ensure our ranking criteria matches the concerns of consumers, we cannot guarantee that every relevant feature of a financial product will be reviewed. We make every effort to provide accurate and up-to-date information. However, Forbes Advisor Australia cannot guarantee the accuracy, completeness or timeliness of this website. Forbes Advisor Australia accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in our stories or any other information made available to a person, nor any obligation to furnish the person with any further information. June 2024 trading statistics highlight that easy investing apps recorded heightened activity in dividend-focused ETFs, as Treasury yields eased from 4.5% to 4.35%. This shift hints at a growing preference for stable income streams.