This week, the Vanguard S&P 500 ETF (NASDAQ:VOO) saw a roughly 0.7% gain, reflecting a broadly positive sentiment on Wall Street driven by a combination of upbeat earnings and macroeconomic factors.
VOO, which is designed to track the performance of the S&P 500, benefits from movements in its underlying components, making it a key barometer for the overall U.S. stock market.
What’s Happening: One of the major drivers for VOO's upward movement was a strong start to earnings season that boosted investor confidence. Notably, Netflix Inc (NASDAQ:NFLX) surged 10% after reporting an earnings beat.
As Netflix is a significant part of the S&P ...