Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 25 2023, 21:15 GMT+0

Stagnant VOO peaks at $368.16 amid sluggish price action

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

This uncertain state for Vanguard S&P 500 ETF is reflected by published market data as United States Crude Oil Inventories published today at 15:30 UTC came out at 533,000, falling short of the 971,000 projections and continuing its decline from the previous 8.41 million figure. United States 5-Year Note Auction released today at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released today at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

While Vanguard S&P 500 ETF was pretty flat today, mixed performances were seen elsewhere as after ending today's session at $83.9, NextEra Energy lost $7.28 and is trading around $76.62. Notably, AT&T rose 6.58% today and closed at $19.16. HDFC Bank Limited is down to $66.94, losing $4.5, after ending the previous session around $71.44.

Data to be released tomorrow might clear up some of the market fog as tomorrow 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%. Tomorrow at 13:30 UTC data for United States GDP will be released, with an expected decline to 2.6 from the preceding figure of 3.2. United States Initial Jobless Claims projected to decline to 205,000 while previous data was 190,000; data will be released tomorrow at 13:30 UTC.

Vanguard S&P 500 ETF has managed to gain 5.07% so far this year despite trading at lows around $327.64 previously.

Back