Nasdaq 100 Retreats from Record-High Amid Geopolitical and Trade Tensions

The Nasdaq 100 (NDX) and Invesco QQQ ETF (QQQ) touched intraday record highs before retreating as geopolitical risks and trade uncertainties weighed on sentiment. President Trump's comments on a potential Israel-Iran conflict and stalled U.S.-EU tariff negotiations introduced volatility into tech-heavy indices.

Trade tensions escalated as the EU prepares retaliatory measures against proposed U.S. tariffs, targeting Boeing aircraft and $110 billion in American goods. "We will need to rebalance in key sectors if the U.S. insists on an asymmetrical deal," warned EU industry chief Stephane Sejourne.

Despite the pullback, the Nasdaq 100 maintained a 0.09% gain at publication time, demonstrating resilience amid crosscurrents. Market participants now await developments in both geopolitical arenas and trade negotiations.