12/26

Why is VOO Flat Today After Mixed Signals

The Vanguard S&P 500 ETF (VOO) closed at $552.81 on December 26, 2024, with no change from the previous day, as the S&P 500 index experienced a slight decline of 0.04% to 6037.59 amid mixed market signals. The market's muted performance was influenced by profit-taking following a strong holiday rally and rising jobless claims, which added pressure to investor sentiment. The cryptocurrency sector also weighed on the index, with Bitcoin-related stocks like MicroStrategy and Coinbase declining as Bitcoin's price fell by 3.91% to $95,207.49. Additionally, the 10-year Treasury yield climbed to 4.63%, its highest level in seven months, further impacting equities. Despite these pressures, some sectors showed resilience, with Walgreens Boots Alliance and Broadcom among the top gainers.