💻 Applovin Soars After Strong Earnings and Divestiture, Datadog Declines on Lower Guidance | Tech Sector Insights
(VGT) has experienced a daily return of approximately -0.46%. This decline coincides with the recent U.S. Consumer Price Index (CPI) report, which indicated a year-over-year increase of 3% in January, raising inflationary concerns that may affect Federal Reserve interest rate policies.
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Thursday, February 13
VGT [-0.4%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a daily return of approximately -0.46%. This decline coincides with the recent U.S. Consumer Price Index (CPI) report, which indicated a year-over-year increase of 3% in January, raising inflationary concerns that may affect Federal Reserve interest rate policies. Additionally, President Trump's announcement regarding reciprocal tariffs could further influence market sentiment and the performance of technology stocks within VGT's holdings. Among the ETF's top contributors, Apple Inc. saw a slight decrease as it partners with Alibaba to introduce AI features in China, while Datadog's shares dropped significantly after providing disappointing guidance despite exceeding Q4 earnings expectations. Fastly also reported lower-than-expected Q4 results, contributing to negative market reactions. Furthermore, the AUD/USD currency pair has declined by 0.27%, reflecting broader market sentiment that may affect technology stocks.