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QQQ ETF Rises on Tech Stock Momentum Amid Dovish Fed Sentiment
QQQ ETF Rises on Tech Stock Momentum Amid Dovish Fed Sentiment
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BTCCSquare news:
The Invesco QQQ ETF gained 2.42% over the past week and 18.7% year-to-date, buoyed by a 1.15% rally Wednesday as dovish Federal Reserve minutes fueled appetite for tech equities. The Nasdaq 100 tracker mirrors its benchmark's 1.19% climb, with analysts maintaining a Moderate Buy rating and $664.66 average price target—implying 8.7% upside.
Nvidia and other megacaps led the charge, while holdings like MicroStrategy and Atlassian show highest upside potential. Conversely, Intel and Tesla rank among positions with greatest downside risk. The ETF's Smart Score of 7 suggests market-par performance ahead.
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