The Vanguard S&P 500 ETF (VOO) closed up 0.72% at $547.19 on December 23, 2024, as the S&P 500 index rebounded from last week's Federal Reserve-induced decline. The S&P 500, which rose 0.73% to 5974.07, was buoyed by strong performances in the technology sector, particularly semiconductor stocks like Nvidia, Broadcom, and Advanced Micro Devices. This recovery comes after the Fed's announcement last week, which hinted at a slower pace of interest rate cuts in 2025, initially unsettling investors. Despite the broader market's mixed performance, with only 190 S&P 500 stocks closing higher, the index's gains were driven by Big Tech and consumer discretionary sectors. The Cboe Volatility Index (VIX) remained relatively stable, reflecting a cautious optimism among investors as they navigate the holiday-shortened week.