Vanguard S&P 500 ETF (VOO) Regains Momentum Amid Rate Cut Speculation
The Vanguard S&P 500 ETF (VOO) climbed 1% on Friday, with a 0.20% pre-market bump, as markets rebound from last week’s pullback. Investors eye upcoming economic data for signals on a potential Federal Reserve rate cut in December.
VOO mirrors the S&P 500 Index (SPX), which ROSE 0.98%, while the Nasdaq 100 (NDX) gained 0.77%. Year-to-date, VOO is up 13.52% despite a 1.79% dip over the past five sessions.
TipRanks’ analyst consensus rates VOO a Moderate Buy, with a $730.26 price target implying 20.52% upside. Top holdings with upside potential include Oracle (ORCL), Fiserv (FISV), and Moderna (MRNA).