💻 NVDA Rebounds, Qualcomm Inc Hits 5-week Low | Tech Sector Insights
Qualcomm hit a 5-week low possibly due to market factors affecting sentiment. Accenture's downgrade by Morgan Stanley analysts led to a -1.3% stock price change and investor concerns following this evaluation from MSCO analysts.
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Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Wednesday, June 26
VGT [-0.2%]
The Vanguard Information Technology ETF was stable, while key holdings like NVDA, QCOM, AMD, ACN & CSCO experienced negative returns. Qualcomm hit a 5-week low possibly due to market factors affecting sentiment. Accenture's downgrade by Morgan Stanley analysts led to a -1.3% stock price change and investor concerns following this evaluation from MSCO analysts. This stability coincided with a slight decrease in the S&P 500 Index (US), which has high correlation with the tech sector at 0.88 indicating broader market movements may be influencing tech stocks within the ETF today.