Last week, big tech companies reported their earnings, causing investors to closely watch the performance of the Invesco QQQ Trust (QQQ) ETF. The QQQ ETF, which tracks the Nasdaq 100 Index, is heavily weighted towards tech stocks, making it particularly sensitive to earnings reports from companies like Apple, Amazon, Microsoft, and Alphabet.
After a week of earnings announcements, the QQQ ETF experienced some volatility. While some tech companies reported strong earnings and saw their stock prices rise, others disappointed investors, leading to a mixed bag of results for the overall ETF.
Overall, the QQQ ETF ended the week slightly down, reflecting the uncertainty and mixed performance of the tech sector. Investors will be keeping a close eye on how tech stocks continue to perform in the coming weeks, as they play a significant role in the overall market.