Stagnant VOO peaks at $368.16 amid sluggish price action

Published: January 26 2023, 04:10 GMT+0

Stagnant VOO peaks at $368.16 amid sluggish price action

Yesterday at a glance: 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 shoots up 6.58% yesterday and closed at $19.16. 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 United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of 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%. It previously stood at -4%; data will be released tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) scheduled to come out 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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