Nasdaq ETF QQQM hits new high, up 35% from low, technology sector surging

From Nasdaq: 2024-06-07 09:26:00

The Invesco NASDAQ 100 ETF (QQQM) hit a 52-week high and is up 35% from its low. It provides exposure to 103 nonfinancial companies listed on Nasdaq, charging 15 bps in fees.

Nvidia surpassed Apple in market cap, the Nasdaq’s technology sector is surging, and rate cut bets are increasing due to economic slowdown signals.

QQQM has a Zacks ETF Rank #2 (Buy) with promising industry ranks, indicating potential for further outperformance. Want top ETF info delivered weekly? Sign up for Zacks’ free Fund Newsletter.



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