💻 Microsoft, Salesforce Drag VGT Lower Amid Broader Market Dip | Tech Sector Insights
(VGT) declined 0.3% during Tuesday’s session, tracking a modest 0.15% drop in the S&P 500. Software heavyweights led the downside, with Microsoft posting the largest drag on the ETF. Additional weakness from Salesforce, Adobe, Intuit, and ServiceNow reinforced pressure across the technology sector.
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Tuesday, January 13
VGT [-0.3%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a decline of 0.3% during Tuesday's market hours. This movement coincides with a 0.15% drop in the S&P 500 Index, suggesting that broader market dynamics are influencing the technology sector. Key contributors to VGT's performance include Microsoft, which fell significantly, contributing to a notable decrease, followed by Salesforce, Adobe, Intuit, and ServiceNow, all of which also recorded declines. Each of these companies impacted VGT's performance negatively, reflecting the challenges faced within the information technology sector today.