From Nasdaq: 2025-04-28 11:00:00

Wall Street rallied last week as trade tensions eased between the U.S. and China. The Nasdaq Composite Index gained 6.7%, leading the way. Chinese reports suggest a potential suspension of tariffs on key sectors like medical equipment and industrial chemicals. Trump hinted at more trade deals in the coming weeks.

Netflix hit an all-time high last week, reaching nearly $1,101 per share, reflecting strong performance and investor confidence. Despite dismal Q1 results, Tesla shares rose after CEO Elon Musk reaffirmed company goals. Alphabet reported solid earnings and increased dividends. QQQ ETF provides exposure to top Nasdaq companies, with tech and consumer discretionary sectors leading.

Microchip Technology, Palantir Technologies, Tesla, AppLovin Corporation, and Micron Technology were top performers in the QQQ ETF last week. Microchip Technology, with a Zacks Rank of #3, saw a 21.6% surge. Palantir Technologies had a 20% gain and a Zacks Rank of #5. Tesla jumped 18.1%, while AppLovin Corporation and Micron Technology both saw gains above 16%.

Trump clarified he has no plans to oust Federal Reserve Chair Jerome Powell. Powell and other Fed officials hinted at potential interest rate cuts in response to tariffs. Nasdaq ETFs like ONEQ and QQQ gained over 9% each, tracking the index’s performance. The tech sector remains a key driver of market momentum amid trade developments.



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