Vanguard S&P 500 ETF (VOO) Rises on Fed Rate Cut Expectations and Retail Earnings Strength
The Vanguard S&P 500 ETF (VOO) climbed 0.93% on Tuesday, buoyed by growing speculation of Federal Reserve rate cuts and stronger-than-expected earnings from major retailers. Kohl’s (KSS) and Best Buy (BBY) led the charge, reinforcing bullish sentiment. Pre-market trading suggests continued momentum, with VOO up an additional 0.30%.
Tracking the S&P 500 Index (SPX), which gained 0.91%, VOO’s performance reflects broad market optimism. The tech-heavy Nasdaq 100 (NDX) also advanced, rising 0.58%. Year-to-date, VOO has delivered a 15.21% return, though its five-day gain remains a modest 0.60%.
Analysts maintain a Moderate Buy rating on VOO, with a consensus price target of $724.91—implying 16.80% upside. Key holdings with high upside potential include Oracle (ORCL), Fiserv (FISV), and Moderna (MRNA), while Albemarle Corp. (ALB) and Expeditors International (EXPD) lag.
