💻 Apple Drops on Tariff Threats; Workday Falls on Guidance Miss; Intuit Surges on Strong Q3 Earnings | Tech Sector Insights
(VGT) is currently down by 2.3%, reflecting a broader market trend as the S&P 500 Index has also declined significantly. The U.S. House of Representatives passed a substantial tax bill, projected to add approx to the national debt over the next decade, raising concerns about fiscal health.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Friday, May 23
VGT [-2.3%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) is currently down by 2.3%, reflecting a broader market trend as the S&P 500 Index has also declined significantly. The U.S. House of Representatives passed a substantial tax bill, projected to add approximately $3.8 trillion to the national debt over the next decade, raising concerns about fiscal health. This legislative development has contributed to VGT's daily return of -2.37%. Among its holdings, Apple Inc. (AAPL) has faced pressure due to tariff threats on iPhones, resulting in a notable premarket decline. NVIDIA Corp (NVDA) is experiencing downward momentum amid CEO criticism regarding U.S. chip export controls. Microsoft (MSFT) is affected by platform issues, while Advanced Micro Devices Inc (AMD) has seen fluctuations despite some positive developments.