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QQQ ETF Rises 4.02% Over Past Week Amid Mixed Market Reactions to Fed Comments and Tech Earnings

QQQ ETF Rises 4.02% Over Past Week Amid Mixed Market Reactions to Fed Comments and Tech Earnings

Author:

Global Cryptocurrency

Published:

2025-10-30 15:22:02

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The Invesco QQQ ETF, tracking the Nasdaq 100 Index, gained 4.02% over the past five days and is up 24.8% year-to-date. The ETF ROSE 0.45% on Wednesday as markets digested Federal Reserve Chair Jerome Powell's cautious stance on further rate cuts.

Pre-market trading on Thursday saw QQQ dip 0.28% following earnings reports from key holdings Meta Platforms and Microsoft. Meta shares plunged 9% after disclosing a $16 billion tax charge, while Microsoft fell 2% due to a $3.1 billion earnings hit from its OpenAI investment.

Analysts maintain a Moderate Buy rating on QQQ, with a consensus price target of $688.97 suggesting 8.4% upside potential. The ETF's holdings with highest projected returns include MicroStrategy, Atlassian, and Dexcom.

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