💻 Intel Jumps After Trump Highlights Government Investment, Oracle Gains Ahead of Earnings | Tech Sector Insights
Among VGT's holdings, notable contributors included AVGO, INTC, AMAT, LRCX, and ORCL, each posting significant returns. Additionally, recent speeches by Fed official Neel Kashkari have impacted VGT's performance, with the ETF typically reacting more sensitively to such events.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Friday, January 9
VGT [+1.2%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a price increase of 1.2% since Thursday. The U.S. Labor Department's report indicated that non-farm payroll employment rose by 50,000 jobs in December, falling short of expectations, while the unemployment rate decreased to 4.4%. This mixed labor market data has generated optimism regarding potential interest rate cuts by the Federal Reserve, positively influencing technology stocks. Concurrently, European markets closed higher, buoyed by favorable corporate updates and expectations for further interest rate reductions following the U.S. job growth figures. Among VGT's holdings, notable contributors included AVGO, INTC, AMAT, LRCX, and ORCL, each posting significant returns. Additionally, recent speeches by Fed official Neel Kashkari have impacted VGT's performance, with the ETF typically reacting more sensitively to such events.