Today at a glance: an influx of sellers pushed the US industrial tech company to end the session lower around $26.41, while establishing a $26.23 to $26.82 session range today.

United States's Crude Oil Inventories new data released of -5 million below its previous figure.

United States Crude Oil Inventories fell short of the -1.49 million projections, with new data of -5 million.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – United States Core Durable Goods Orders improved upon its previous reading of -0.3% with a new data release of 0.3%.

Amid the market gloom, United States New Home Sales (Mar) came out at 683,000, while a consensus of analysts was expecting 630,000.

Vontier Corporation's upper Bollinger Band® is at $27.79 which indicates a further downward move may follow. Despite this, despite being in the red so far in the current trading session, Vontier peaked above its 21 day Simple Moving Average around $26.69 — typically an early indicator of a new bullish trend beginning to emerge. Vontier could begin to recover as it approaches significant support, now 17 cents away from $26.24. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Vontier.

Vontier was not the only decliner in the technology sector; Texas Instruments dips 2.91% today to close at $169.39.

On the other hand, positive performances could be seen by looking at other technology stocks as Microsoft gained 7.24%, as it traded at $295.37. Sony Group Corporation added 3.36% to its value, and traded at $93.81.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as tomorrow at 14:00 UTC data for United States Pending Home Sales will be released, with an expected decline to 0.5% from the preceding figure of 0.8%. As things stand, upcoming United States GDP data is projected to fall short of market expectations with newly published data of two, following on from the preceding figure of 2.6. New data is set to be published tomorrow at 12:30 UTC. United States Initial Jobless Claims projected to decline to 248,000 while previous data was 245,000; data will be released tomorrow at 12:30 UTC.

Trading mostly sideways for 1 year, 5 months. This year has been a bright one for the US industrial tech company after trading as low as $16.71 and going on to appreciate by 35.66% year to date.