📈 Performance Overview

• Price: $534.21 (today’s intraday change: +0.0069%) en.wikipedia.org+15nasdaq.com+15marketwatch.com+15tradingview.com+1wsj.com+1

• 1‑month return: +8.98% invesco.com+4tradingview.com+4finance.yahoo.com+4

• YTD return: +15–16% tradingview.com+1finance.yahoo.com+1

• 1‑year return: ~15–16.2% finance.yahoo.com+9finance.yahoo.com+9schwab.com+9

• Cumulative since inception (Mar 1999): +379% en.wikipedia.org+2invesco.com+2en.wikipedia.org+2

• Expense ratio: 0.20% en.wikipedia.org+5tradingview.com+5invesco.com+5

• Assets under management (AUM): ~$340 billion invesco.com+3tradingview.com+3en.wikipedia.org+3

• Dividend yield: 0.56% tradingview.com+1wsj.com+1

📰 Recent Drivers & Market Context

• U.S.–China Trade Talks

• Ongoing negotiations—especially around semiconductors—have lifted chip‑heavy Nasdaq; Monday saw chip stocks +0.3% on hopes of easing export controls investors.com+2wsj.com+2investors.com+2.

• With optimism over trade, the iShares Semiconductor ETF gained 2.4%, supported by strengths in Qualcomm, AMD, and Synopsys wsj.com.

• Index Futures & Macro Movers

• On June 10, Nasdaq‑100 futures rose ~0.2% as U.S.–China talks continued nasdaq.com.

• Markets are cautious ahead of upcoming CPI and PCE inflation data this week investors.com+1investors.com+1.

• Mega-cap Concentration Risk

• Tesla’s volatility recently had outsized impact—its 14% drop on June 5 dragged Nasdaq‑100 and QQQ along, highlighting risk from a few giants like Tesla, Apple, Microsoft, and Nvidia invesco.com+13reuters.com+13en.wikipedia.org+13.

✅ What It Means for QQQ Investors

• Tech‑Led Rally: QQQ’s recent gains are driven by a resurgence in chip stocks and broader optimism on trade.

• High Concentration: QQQ remains heavily weighted in the “Magnificent Seven,” so volatility in a single mega‑cap can ripple across.

• Watch Macro Reports: CPI (Wednesday) and core PCE (Thursday) will be crucial for tech and growth names; a hawkish surprise could trigger pullbacks.

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