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VOO · Analysis updated Nov 6, 2026, 9:45 AM ET
Why is Vanguard S&P 500 ETF (VOO) stock moving?
VOO fell 4.37% on Nov 5 to $673.97, its lowest close in the 30-day data. The day's range was 673.55 to 704.10, and volume was about 19.0M shares, roughly three times the recent 5-7M average. The drop reversed the Nov 4 post-midterm rally. It was the S&P 500's worst day since April 2025, with information technology down 7.3% and all 11 sectors lower. The trigger was fear of slowing AI and data-center spending, which hit chip names hard. Concentration in a few mega-caps amplified the fall. On Nov 6 the picture was mixed. The Nasdaq bounced about 1.5%, and VOO was indicated slightly higher premarket at $675.65. A strong jobs report (+165K) lifted yields and capped gains. VOO is now about 6% below its Oct 6 high of $718.47. History after extreme one-day moves has mostly been positive over the following month, and the post-midterm record is favorable. Near-term volatility is likely to stay high after a capitulation-style session, and the chip-led drawdown may not be finished. Medium- and long-term evidence leans moderately positive.
News behind the analysis
- Magnificent 7 loses $1 trillion. The most eye-popping stats from Thursday's tech stock plungeThe S&P 500 fell about 4.4% on Nov 5, its worst day since April 2025. Information technology fell 7.30%, and 174 index members are 20% or more below their 52-week highs.
- Stocks plunge as election outcome and AI worries crush tech sharesThe S&P 500 lost 4.4%, or $2.8T in value. Chip names such as SanDisk (-22%) and Micron and AMD (-17%) led the declines as AI-durability fears grew.
- Stock market today: Nasdaq rebound after brutal sell-off, Dow and S&P 500 wobble as US adds 165K jobsOn Nov 6 the Nasdaq rebounded about 1.5% after its correction, and the S&P 500 was roughly flat to slightly up. The October jobs report beat estimates, and history suggests stocks tend to do well after extreme volatility like this.
- Nasdaq attempts to recover from worst rout in 19 months as AI stocks see some buyingDip buyers returned to chip stocks on Friday. A strong jobs report pushed Treasury yields higher, which held back equity gains.
- Stock market today: Dow plunges 1,800 points, Nasdaq enters correction in AI trade meltdownChip stocks led the Nov 5 sell-off, which reversed the post-election rally. Nvidia, Micron and AMD took the heaviest losses.
- Stock market today: Dow surges 1,500 points in best day of 2026 after midterm electionOn Nov 4 the S&P 500 rose about 1.5-1.6% and the Dow gained 3%. Apple and Microsoft hit record highs.
- Stock Market Today: Dow Jones, S&P 500 Futures Trade Mixed Ahead of October's Jobs ReportThe S&P 500 closed at 7,353.73 on Nov 5, down 4.36%. Futures were mixed ahead of the jobs report.
- Yikes! The Stock Market Just Did Something It Has Never Done Before. History Is Clear About What Comes Next.The article argues that the index tends to do well after midterms and now sits about 5% below its high. It points to a possible 19% gain by May 2027 based on history.
- These 6 Stocks Make Up a Big Share of the S&P 500A small group of mega-cap stocks carries a large share of VOO's weight, which raises concentration risk. VOO fell 4.37% on Nov 5.
- Stocks Rally After Midterms, but Chip Stocks SinkVOO rose 1.6% on Nov 4. The S&P 500 was about 1.7% below its all-time high at the time.