VOO is trading 1.1% up today as the index rebounds from its previous selloff, supported by a rally in the technology sector and cooling inflation data.
- Microsoft is driving gains following an earnings beat and strong Azure cloud growth, which has boosted investor sentiment across heavyweight tech stocks.
- Fresh PCE inflation data indicates moderating price pressures, bolstering expectations for the Fed to hold rates steady with potential cuts later in 2024.
- The market is recovering from the prior session’s geopolitics- and oil-driven selloff as investor focus shifts back to corporate fundamentals.