S&P World ETF Price & Performance (SPWO)

Vanguard's S&P 500 ETF (VOO) has become the largest exchange-traded fund globally, managing $632 billion in assets. This milestone dethrones State Street's SPDR S&P 500 ETF Trust (SPY), which held the top spot for years. The shift reflects Vanguard's growing dominance in the $11 trillion ETF industry.1

The Nasdaq Composite dropped 2.78%, influenced by Nvidia's 8.5% decline after a disappointing earnings report. This contributed to the S&P 500's 1.59% fall. President Trump's tariff announcements have further unsettled markets, with new measures targeting Canada and Mexico set to take effect on March 4.2

The iShares MSCI USA Momentum Factor ETF (MTUM) has seen significant outflows as the S&P 500's 10% decline impacts investor sentiment. Momentum stocks, which often experience steeper losses during downturns, have become less attractive. However, contrarian investors see potential opportunities as the market stabilizes.3