From NASDAQ.:

Tech stocks in the U.S. soared after new product announcements from Apple (AAPL) and Nvidia (NVDA) ahead of the Consumer Electronics Show, leading to sharp gains in the Nasdaq Composite Index by 2.2%. Five ETFs tracking the index are now in focus. Invesco QQQ (QQQ), the largest in the large-cap space, charges investors 20 bps in annual fees.

Apple’s Vision Pro virtual reality headset announcement and preorders led to a surge in stock price. Meanwhile, Nvidia’s new graphics processing units also drove the stock to new highs with a tripled growth last year. U.S. stocks also saw a boost as Treasury yields declined to 4.00% on Jan 8 after settling at 4.041% on Friday.

ETF Invesco QQQ (QQQ) provides exposure to the 101 largest domestic and international non-financial companies and accounts for 57% of assets in the information technology sector. Also, it has a Zacks ETF Rank #2 and charges investors 20 bps in annual fees.

Invesco NASDAQ 100 ETF is identical to QQQ, tracking the NASDAQ-100 Index but comes with lower annual fees of 15 bps. Meanwhile, First Trust NASDAQ-100 Equal Weighted Index Fund holds 101 stocks, provides equal exposure and charges 58 bps in annual fees. Lastly, Invesco NASDAQ Next Gen 100 ETF follows the NASDAQ Next Generation 100 Index and charges 15 bps in annual fees.

Direxion NASDAQ-100 Equal Weighted Index Shares provides an equal-weight exposure to the NASDAQ-100 Index and charges 35 bps in annual fees. The chipmakers (AAPL, NVDA, META) and tech-powered ETFs are in focus for investors looking to capitalize on the market momentum with higher trading volumes expected.

For those looking to track top news and best-performing ETFs, Zacks’ free Fund Newsletter would deliver key ETF info. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report. Apple Inc. (AAPL), NVIDIA Corporation (NVDA) are also available for Free Stock Analysis Report.



Read more: Nasdaq Surges on Big Tech: ETFs in Focus