💻 VGT Slips as U.S.–EU Trade Tensions Mount and Manufacturing Weakens, NVIDIA Slides as China Supply Troubles Weigh | Tech Sector Insights
(VGT) is down 0.8% amid renewed tariff threats from President Trump targeting European goods. A sharp slowdown in U.S. manufacturing has added to concerns, weighing on top tech names like Nvidia, Microsoft, and Broadcom.
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Tuesday, July 22
VGT [-0.8%]
Vanguard Information Technology ETF (VGT)
The Vanguard Information Technology ETF (VGT) is currently experiencing a daily return of approximately -0.8%. This decline is coinciding with escalating trade tensions between the U.S. and EU, as President Trump threatens new tariffs on European goods starting August 1st, should negotiations falter. Such uncertainty has negatively influenced market sentiment, particularly affecting technology stocks that form a significant part of VGT's portfolio. Additionally, recent economic data reveals a notable decline in U.S. manufacturing activity, attributed to concerns over supply chain disruptions linked to these tariff threats. Among the ETF's holdings, key contributors to its performance include Nvidia, Broadcom, Microsoft, Micron, and Applied Materials, all of which are facing various challenges impacting their stock performance. The S&P 500 Index has also declined slightly, reflecting broader market sentiment that may be influencing VGT's recent movement.