Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 26 2023, 01:41 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 $367.88 yesterday after ending Tuesday at $367.75.

This uncertain state for Vanguard S&P 500 ETF is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of 971,000 with a reading of 533,000. 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. United States Cushing Crude Oil Inventories released yesterday 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 yesterday, mixed performances were seen elsewhere as NextEra Energy crashes 8.71% yesterday and closed at $83.9. Notably, AT&T rose 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 projections for United States Core Durable Goods Orders are set for a continuation of decline with -0.2% while previous data was 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is expected 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.

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