Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 26 2023, 02:31 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 United States Crude Oil Inventories fell short of the 971,000 projections, with new data 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. 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 is trading around $20.42 after ending yesterday's session at $19.16 (up 6.58% today). After ending yesterday's session at $71.44, HDFC Bank Limited lost $4.51 and is trading around $66.93.

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%. 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 gained 5.07% since its lowest print of $327.64 earlier this year.

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