đź’» VGT Falls as Tech Stocks Slide Amid U.S.-Canada Tariff Tensions; Apple, Adobe Lead Declines | Tech Sector Insights
(VGT) is down since Thursday, pressured by Trump’s 35% tariff on Canadian imports and broader market weakness. Despite Bitcoin hitting an all-time high, key VGT holdings — including Apple, Adobe, Salesforce, Accenture, and ServiceNow — all declined.
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Friday, July 11
VGT [-0.6%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has experienced a decline of 0.6% since Thursday. This movement coincides with President Donald Trump's recent announcement of a 35% tariff on Canadian imports, which has heightened trade tensions and increased market volatility. Additionally, Bitcoin has surged to an all-time high, reflecting strong institutional interest that may positively affect tech stocks within VGT's portfolio. Among the ETF's holdings, significant contributors to its performance include Apple, Salesforce, Adobe, Accenture, and ServiceNow, all of which have seen notable declines in their returns. Apple’s performance is particularly influenced by competitive dynamics and market changes, including talent retention concerns due to Meta's hiring strategies. The S&P 500 Index has also declined by 0.19%, suggesting broader market sentiment may be impacting VGT's price movement.