QQQ ETF Faces Volatility Amid Broader Market Concerns
The Invesco QQQ ETF, tracking the Nasdaq 100 Index, declined 0.37% on Thursday as regional bank lending fears and escalating U.S.-China trade tensions weighed on markets. Pre-market trading Friday showed a further 0.27% drop, compounding a 1.04% weekly loss despite a 17.8% year-to-date gain.
Analysts maintain a Moderate Buy rating with a $683.25 price target, suggesting 14% upside potential. Key holdings with bullish outlooks include MicroStrategy, Atlassian, and Mercadolibre, while Intel and Tesla top the list of underperformers.
Market sentiment remains fragile as the ETF's Smart Score reflects underlying volatility. The tech-heavy fund continues to mirror macroeconomic headwinds, with investors awaiting clarity on trade policies and financial sector stability.
