#NasdaqETFUpdate
š Market Snapshot on QQQ
Price & Activity: QQQ is trading at $534.21, up modestly on the day. Trading volume is high, around 40.7M shares, indicating strong liquidity.
Short-Term Trend: TradingView reports a ~9% gain over the past month and approximately 15.7% year-to-date increase .
Technical Ratings: Analysts label QQQ a ābuyā based on both 1āweek and 1āmonth technical indicators. The fund trades at a slight premium (~0.02%) to NAV.
AUM & Expense: With assets of around $340āÆbillion, QQQ remains the 2nd-most traded ETF in the U.S., carrying a 0.20% expense ratio .
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š Whatās Driving the Momentum?
1. U.S.āChina Trade Hopes
Optimism around easing restrictions on semiconductors is boosting chip stocks, benefiting the tech-heavy Nasdaq and QQQ in particular. Semiconductor ETFs jumped ~2.4% on the news .
2. Market Sentiment & Index Behavior
Nasdaq futures rallied ~0.2% following reports of positive trade talks, and QQQ led other ETFs during the pre-market session .
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š QQQ Performance in Perspective
YTD: +15.7% ā outpacing the S&P 500
Last Month: +9% gain, fueled by strong tech earnings and reduced geopolitical risks
Historical Strength: Since inception (1999), QQQ has gained +379% cumulatively, averaging nearly +10% annual returns. It also outperforms S&P 500 across majority of time frames .
