đź’» VGT Drops Amid Tech Selloff and Rising Geopolitical Tensions | Tech Sector Insights
U.S. equities traded lower as renewed weakness in tech stocks weighed on major indices. (VGT) fell 1.9%, reflecting broad declines. NVIDIA, Broadcom, AMD, Oracle, and Applied Materials all moved lower amid competitive pressures and market uncertainty.
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Wednesday, December 17
VGT [-1.9%]
Vanguard Information Technology ETF (VGT)
The U.S. stock market is experiencing a downturn today, with major indices such as the Nasdaq and S&P 500 declining due to renewed weakness in technology stocks, notably affecting semiconductor companies like Oracle and Broadcom. The Vanguard Information Technology ETF (VGT) reflects this trend with a daily return of approximately -1.9%. Significant movements among VGT's holdings include declines in NVIDIA, Broadcom, AMD, Oracle, and Applied Materials, all facing pressures from competitive challenges and market uncertainties. Additionally, President Trump's recent order for a blockade on sanctioned Venezuelan oil tankers has escalated geopolitical tensions, which may further influence sentiment across tech sectors linked to energy markets. The S&P 500 Index has also dropped, reinforcing the correlation between broader market dynamics and the performance of the technology sector.