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(VGT) has seen a decline in pre-market trading. Significant contributors to this performance include Microsoft, which dropped slightly, and Oracle, which experienced a notable decline following disappointing second-quarter results, particularly in cloud revenue.
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Tuesday, December 10
VGT [-0.3%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a decline in pre-market trading. Significant contributors to this performance include Microsoft, which dropped slightly, and Oracle, which experienced a notable decline following disappointing second-quarter results, particularly in cloud revenue. IBM's stock also fell marginally as the company announced an upcoming Investor Day focused on strategy. MongoDB reported better-than-expected third-quarter earnings but anticipates a sequential decline in non-Atlas revenue for the fourth quarter. In the broader market context, the Dow Jones Index decreased by 0.17%, suggesting that overall market dynamics may be influencing VGT's recent performance.