💻 VGT Edges Lower as Shutdown Fears and Weak Jobs Outlook Weigh on Sentiment | Tech Sector Insights
(VGT) rises 0.1% amid political gridlock and uncertainty around upcoming labor data. Major holdings, including Salesforce, ServiceNow, Apple, Adobe, and HubSpot, dragged on performance despite new AI and software rollouts. The S&P 500 also declined, underscoring broader market caution.
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Tuesday, September 30
VGT [+0.1%]
Vanguard Information Technology ETF (VGT)
Concerns over a potential U.S. government shutdown are currently affecting financial markets, contributing to increased volatility and uncertainty surrounding economic data releases, including the upcoming jobs report. This backdrop has coincided with Vanguard Information Technology ETF's daily return of approximately +0.12%. Notably, several top holdings within the ETF have experienced significant declines, including CRM, NOW, AAPL, ADBE, and HUBS. ServiceNow (NOW) has launched its AI Experience platform, while Adobe (ADBE) introduced a mobile version of its Premiere video editing software. Additionally, the S&P 500 Index has seen a slight decline, reinforcing the correlation between broader market movements and VGT's performance.