The Vanguard S&P 500 ETF (VOO) is experiencing price movement influenced by several factors affecting the broader market. Goldman Sachs has highlighted a nearly 30% correction risk in U.S. stocks due to rising economic policy uncertainty, which is contributing to investor caution. Additionally, the S&P 500 is facing a weak start to 2025, with technical indicators showing a deteriorating situation. Rising interest rates and the ongoing hype around generative AI are also exerting pressure on the index. The upcoming December labor market report is anticipated to be a significant test for the S&P 500, potentially pushing it into a correction phase.
The closure of the New York Stock Exchange and Nasdaq on January 9, 2025, for former President Jimmy Carter's state funeral has also impacted trading activity, with stock markets set to resume on a normal schedule the following day. Despite the market closure, bond markets remain open until 2 PM ET, adding another layer of complexity to the day's financial landscape. The S&P 500's recent performance, with back-to-back annual gains exceeding 25% in 2023 and 2024, has been driven largely by technology stocks, but the current market environment suggests a more cautious outlook.
The Vanguard S&P 500 ETF (VOO) is currently priced at $540.80, reflecting a slight decrease of 0.11% from the previous close.