💻 VGT Inches Up Amid Trade Relief and Fee Cuts; Palantir Jumps After Strong Q4 Results | Tech Sector Insights
(VGT) has experienced a price increase of 0.3% since Monday. Recent developments include President Donald Trump's decision to delay the imposition of 25% tariffs on imports from Canada and Mexico, which may provide temporary relief in trade tensions affecting technology stocks.
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Tuesday, February 4
VGT [+0.3%]
Vanguard Information Technology ETF (VGT)
Vanguard Information Technology ETF (VGT) has experienced a price increase of 0.3% since Monday. Recent developments include President Donald Trump's decision to delay the imposition of 25% tariffs on imports from Canada and Mexico, which may provide temporary relief in trade tensions affecting technology stocks. Conversely, new retaliatory tariffs imposed by China on U.S. goods could introduce volatility in global markets. Additionally, Vanguard announced significant fee reductions across nearly half of its U.S. funds, marking the largest fee cuts in its history, likely enhancing the attractiveness of its products. Among VGT's holdings, Palantir Technologies reported strong quarterly results, contributing positively to the ETF's performance. In contrast, NVIDIA faces competitive concerns and product delays, while Salesforce is restructuring its workforce towards AI roles. Advanced Micro Devices is expected to report earnings amid a stock decline but retains a positive rating from analysts.