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(VGT) has seen a modest increase of 0.5% since Friday. This movement occurs amid heightened market expectations for sustained higher interest rates, following hawkish comments from Federal Reserve Chair Jerome Powell.
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Monday, November 18
VGT [+0.5%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a modest increase of 0.5% since Friday. This movement occurs amid heightened market expectations for sustained higher interest rates, following hawkish comments from Federal Reserve Chair Jerome Powell. Concurrently, geopolitical tensions and uncertainties regarding U.S.-China relations continue to weigh on sentiment in the tech sector. Within the ETF's holdings, notable contributors included Apple, AMD, Microsoft, Qualcomm, and Super Micro Computer Inc., with AMD announcing a collaboration with IBM to enhance AI model performance. Vuzix's smart glasses have received certification for use with Microsoft Intune, potentially broadening their enterprise applications. The S&P 500 Index has also risen by 0.13%, reflecting broader market trends that may influence VGT's performance.