VOO ETF Faces Pre-Market Decline Amid Fed Uncertainty
The Vanguard S&P 500 ETF (VOO) dipped 1.06% in pre-market trading as Federal Reserve officials Lisa Cook, Austan Goolsbee, and Mary Daly dampened expectations for a December rate cut. Weak manufacturing data further eroded market confidence.
Despite the daily setback, VOO remains marginally positive over the past five days (+0.06%) and maintains a strong 17.47% year-to-date gain. The ETF continues to attract steady inflows, with $135 billion in net flows over five days according to TipRanks data.
Analysts maintain a Moderate Buy rating on VOO, projecting a 14% upside to the average price target of $716.21. The fund's top holdings with growth potential include Loews and Moderna, while Palantir and Tesla show the greatest downside risk.