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Global equity markets are experiencing a downturn today, influenced by concerns over potential tariffs affecting Chinese growth under President-elect Donald Trump. This climate of risk aversion is reflected in the (VGT), which has recorded a daily return of -0.04%.
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Tuesday, November 12
VGT [-0.4%]
Vanguard Information Technology ETF (VGT)
Global equity markets are experiencing a downturn today, influenced by concerns over potential tariffs affecting Chinese growth under President-elect Donald Trump. This climate of risk aversion is reflected in the Vanguard Information Technology ETF (VGT), which has recorded a daily return of -0.04%. The strengthening U.S. dollar amidst these uncertainties may further impact valuations within the technology sector, where VGT is heavily invested. Notably, significant declines were observed among the ETF's top holdings: Broadcom Inc. (AVGO), Advanced Micro Devices Inc. (AMD), Micron Technology Inc. (MU), Qualcomm Inc. (QCOM), and Intel Corp (INTC), all of which experienced marked decreases in their respective stock prices. AVGO is set to report its Q4 and fiscal year 2024 results, while AMD has seen bearish options activity despite new product launches.