💻 VGT Rises as Fed Hints at Cuts; FICO Slides on Credit Score Shake-Up | Tech Sector Insights
(VGT) climbed 0.8% following Fed minutes indicating likely rate cuts this year, boosting sentiment for tech stocks. Key holdings like NVIDIA, Microsoft, and AMD advanced, with AMD rallying ahead of its August 5 earnings.
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Wednesday, July 9
VGT [+0.8%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) has seen a price increase of 0.8% since Tuesday. Recent announcements from President Trump regarding a 50% tariff on copper imports have driven Comex copper prices to near all-time highs, potentially impacting the broader technology sector and companies within VGT's portfolio. Additionally, the Federal Reserve's June meeting minutes revealed that most officials expect interest rate cuts later this year due to easing inflation pressures linked to tariffs. This monetary policy shift may influence tech stocks like those held by VGT. Among the ETF's holdings, NVDA, MSFT, AVGO, ANET, and AMD contributed positively to performance, with AMD experiencing a rally following the announcement of its upcoming earnings report scheduled for August 5, 2025.