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The U.S. stock market is exhibiting mixed movements amid escalating trade tensions, particularly following China's announcement of retaliatory tariffs on U.S. goods, including coal and LNG. This situation may affect sentiment in the technology sector represented by the (VGT).
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Wednesday, February 5
VGT [+0.2%]
Vanguard Information Technology ETF (VGT)
The U.S. stock market is exhibiting mixed movements amid escalating trade tensions, particularly following China's announcement of retaliatory tariffs on U.S. goods, including coal and LNG. This situation may affect sentiment in the technology sector represented by the Vanguard Information Technology ETF (VGT). Concerns over inflation persist, with rising long-term expectations noted, although easing tariff threats from President Trump have provided some relief to major indices like the Nasdaq. Among VGT's holdings, notable contributors include NVIDIA, which increased significantly, along with Broadcom, benefiting from Google's substantial capital expenditure announcement. CDW reported strong earnings, surpassing estimates and increasing its share repurchase program. Workday announced a restructuring plan involving job cuts aimed at prioritizing investments for growth. Additionally, the S&P 500 Index has moved up slightly, reflecting broader market sentiment that may influence VGT's price action.