💻 VGT Edges Lower as Intel, Broadcom Weigh on Tech | Tech Sector Insights
(VGT) slipped 0.1% since Thursday as losses in semiconductor names outweighed stability across the broader tech sector. Intel was the largest detractor following its recent earnings-driven selloff, with additional downside from Broadcom and Qualcomm.
Welcome to the MarketReader Minute.
Below are AI-generated insights on moves in the information technology sector, powered by MarketReader technology.
Friday, January 23
VGT [-0.1%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a slight decline of 0.1% since Thursday. Significant contributors to this performance include Intel (INTC), which dropped significantly, contributing negatively to the ETF's return. Broadcom (AVGO) and Qualcomm (QCOM) also saw declines, with both contributing to the overall downturn. Texas Instruments (TXN) and Apple (AAPL) registered minimal negative contributions as well. Additionally, the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) moved down, reflecting broader market sentiment and potentially correlating with VGT's slight decline.