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(VGT) has experienced a price decline since Wednesday. U.S. stock indices, particularly the Nasdaq, recently surged to record highs, rising by 1.30%.
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Thursday, December 5
VGT [-0.3%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a price decline since Wednesday. U.S. stock indices, particularly the Nasdaq, recently surged to record highs, rising by 1.30%. Federal Reserve Chair Jerome Powell noted strong economic growth and persistent inflation concerns, yet indicated expectations for interest rate cuts later this month due to weaker-than-expected service sector data. Among VGT's holdings, significant contributors included Microsoft and Apple, both of which saw modest gains. MicroStrategy's stock surged significantly year-to-date, driven by Bitcoin acquisitions, while Intel appointed new board members to enhance competitiveness. Verint Systems reported Q3 results that exceeded estimates, attributing its performance to AI-driven solutions.