Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 26 2023, 02:21 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 after ending yesterday's session at $83.9, NextEra Energy lost $7.31 and is trading around $76.59. AT&T went up by 6.58% yesterday, and closed at $20.42. 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 as things stand, upcoming United States Core Durable Goods Orders data is projected to fall short of market expectations with newly published data of -0.2%, following on from the preceding figure of 0.1%. New data is set to be published 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) scheduled to come out tomorrow at 13:30 UTC.

This year has been a bright one for Vanguard S&P 500 ETF after trading as low as $327.64 and going on to appreciate by 5.07% year to date.

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