Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 26 2023, 00:00 GMT+0

Stagnant VOO peaks at $368.16 amid sluggish price action

A quick look at yesterday: Vanguard S&P 500 ETF closed a flat day of trading at $367.97 yesterday after ending Tuesday at $367.75.

Uncertainty around Vanguard S&P 500 ETF is reflected by published market data as Crude Oil Inventories in United States fell short of market expectations (971,000) with a reading of 533,000, continuing the decline from the previous figure of 8.41 million. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. Fresh Cushing Crude Oil Inventories data from United States came out at 4.27 million.

While Vanguard S&P 500 ETF was pretty flat yesterday, mixed performances were seen elsewhere as after ending yesterday's session at $83.9, NextEra Energy lost $7.31 and is trading around $76.59. AT&T shoots up 6.58% yesterday and closed at $19.16. HDFC Bank Limited falls 6.31% yesterday and closed at $71.44.

Data to be released today might clear up some of the market fog as today at 13:30 UTC data for United States Core Durable Goods Orders will be released, with an expected decline to -0.2% from the preceding figure of 0.1%. As things stand, upcoming United States GDP data is projected to fall short of market expectations with newly published data of 2.6, following on from the preceding figure of 3.2. New data is set to be published today at 13:30 UTC. United States Initial Jobless Claims projected to come out at 205,000 — worse than previous data of 190,000; data will be released today at 13:30 UTC.

Vanguard S&P 500 ETF has gained 5.07% since its lowest print of $327.64 earlier this year.

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