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(VGT) has seen a decline of over 2% today, coinciding with an unexpected contraction in the U.S. economy by 0.3% in the first quarter of 2025, attributed to a surge in imports ahead of new tariffs.
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Wednesday, April 30
VGT [-2.4%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a decline of over 2% today, coinciding with an unexpected contraction in the U.S. economy by 0.3% in the first quarter of 2025, attributed to a surge in imports ahead of new tariffs. Private sector employment growth was disappointing, with only 62,000 jobs added in April, suggesting ongoing challenges in the labor market. Among VGT's holdings, NVIDIA faced downward pressure due to customer losses to Huawei and a Sell rating from analysts. Microsoft reaffirmed its commitment to compliance with European regulations, while Apple experienced reduced price targets from analysts ahead of its earnings report. Additionally, the S&P 500 Index declined, reflecting broader market sentiment that may also influence VGT's performance.