💻 ServiceNow Surges on Strong Q1, TXN and MCHP Report Strong Earnings | Tech Sector Insights
Among the ETF's holdings, Microsoft saw increased performance following the introduction of enhanced AI capabilities in its Microsoft 365 Copilot app, while Nvidia faced potential shipment limitations for its H20 chips due to U.S. export restrictions.
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Thursday, April 24
VGT [+2.2%]
Vanguard Information Technology ETF (VGT)
U.S. stock markets have rallied significantly, with the S&P 500 rising nearly 2% after President Trump expressed a willingness to reduce tariffs on Chinese imports, alleviating trade tensions and boosting technology stocks like those held by Vanguard Information Technology ETF (VGT). Durable goods orders surged by 9.2% in March, driven by transportation equipment, supporting growth prospects for tech companies in VGT's portfolio amid easing tariff concerns. Among the ETF's holdings, Microsoft saw increased performance following the introduction of enhanced AI capabilities in its Microsoft 365 Copilot app, while Nvidia faced potential shipment limitations for its H20 chips due to U.S. export restrictions. ServiceNow experienced gains after beating Q1 earnings estimates, and Apple’s stock rose despite scrutiny over alleged influence-peddling regarding tariff exemptions. Additionally, the iShares iBoxx $ High Yield Corporate Bond ETF moved up by 0.46%, reflecting broader market sentiment that may influence VGT's recent 2.2% increase.