Vanguard S&P 500 ETF (VOO) Dips on Tech Weakness, Rebounds in Pre-Market Ahead of Nvidia Earnings
The Vanguard S&P 500 ETF (VOO) slid 0.82% Tuesday as technology stocks dragged down broader markets. Early Wednesday trading shows a 0.36% rebound, with investors positioning for Nvidia's pivotal Q3 earnings report later today.
Tracking its benchmark closely, VOO mirrored the S&P 500's 0.83% decline while the Nasdaq 100 underperformed with a 1.2% drop. Despite the pullback, the ETF recorded $6 billion in net inflows over five days - a testament to enduring demand for US large-cap exposure.
Analysts maintain a Moderate Buy rating on VOO with a $729.37 average price target, implying 20% upside potential. The fund's most promising holdings include Loews and Oracle, while Albemarle and Warner Bros. rank among its biggest liabilities.