#NasdaqETFUpdate

📈 Market Snapshot

• QQQ is trading at $532.09, up about +0.26% intraday. It opened at $531.31, with a session range of $529.00–$533.41, and volume around 26.1 M shares. 

📰 Key Drivers & Context

• Macro sentiment: U.S.–China trade negotiations in London are slightly positive. Futures: Nasdaq‑100 futures are up +0.2%, ahead of today’s market open. 

• Sector rotation: Optimism over relaxed semiconductor export controls is boosting the broader Nasdaq space. The semiconductor‑focused iShares ETF jumped +2.4%, lifting related QQQ stocks. 

• Technical outlook: QQQ is trading around $485–488 technical range. RSI is neutral (52), with a mild bearish MACD crossover — indicating a calm consolidation phase, often a precursor to market direction setups. 

🏛️ Broader ETF Trends

• QQQ has outperformed the S&P 500 in 7 of the past 10 years through March 31, 2025 — highlighting its long-term growth leadership. 

• Significant inflows were recorded today into QQQ (along with PLTR, TMUS, CSCO), signaling renewed investor confidence in large-cap tech. 

• Year‑to‑date, QQQ has delivered a total return of approximately +3.96%, with a dividend yield around 0.58%. 

🔍 Watchpoints

Factor Why It Matters

U.S.–China trade talks Any easing in tech export restrictions, especially semis, could power QQQ further.

Tech sector leadership Fueled by trade sentiment and major mega-cap performance.

Inflation & Fed outlook Upcoming CPI and PCE prints may shift risk appetite. Investors should monitor defensive vs. growth rotations.

🎯 Summary

QQQ is showing modest gains today, supported by positive trade sentiment and sector inflows. The ETF remains in a consolidation phase technically, with a neutral momentum profile. Over time, it continues to outperform broader indices, but near‑term drivers (trade news, inflation data, technical breakouts) are key catalysts.