The Vanguard S&P 500 ETF (VOO) experienced a significant gain this week, fueled by a combination of positive earnings reports and strong macroeconomic data. Netflix’s strong earnings, semiconductor sector strength, and robust retail sales contributed to the positive market sentiment, driving VOO’s upward trajectory.
After a recent market slide, a two-day rally has emerged, buoyed by positive sentiment surrounding the tech sector, particularly Tesla. With tech giants like Meta and Microsoft set to release earnings reports, focus shifts to their impact on the industry. Key US economic data, including GDP and core PCE price index, will also shape the market outlook. Amidst these developments, QQQ approaches a crucial resistance area, and analysts provide insights into its technical analysis and trade ideas.
