#NasdaqETFUpdate š Nasdaq ETF Update ā Market Momentum Continues š
The Nasdaq-focused ETFs saw positive movement today as tech stocks led the broader market higher. The Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100, rose by 1.2%, buoyed by gains in major names like Apple, Nvidia, and Microsoft. Investor confidence was reinforced by strong earnings reports and easing inflation data, sparking optimism about potential Fed rate cuts later this year.
Other notable performers include Nasdaq Next Gen 100 ETF (QQQJ) and First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW), both recording moderate gains. Stay tuned for more updates as market volatility continues to present new opportunities in the tech-driven Nasdaq space.