Looking to invest in the tech sector? Then you'll likely be looking at NASDAQ stocks, but the NASDAQ is a huge exchange, and investors need ways to break down the components for analysis.
The Nasdaq-100 Index (NDX) is higher by 11.30% year-to-date and residing near all-time highs. This confirms that large- and mega-cap growth stocks are proving sturdy.
The S&P 500's impressive 10-year gain pales in comparison to this booming ETF. The “Magnificent Seven” stocks are a key driver of the QQQ's returns.
In the global race for artificial intelligence (AI) supremacy, it's largely a two-horse race consisting of the U.S. and China. For now, consensus wisdom appears to be that the U.S. is in the lead.
The "Magnificent Seven" stocks have helped drive the current bull market. The Invesco QQQ ETF gives investors strong exposure to the Magnificent Seven and other leading companies.
For growth and stability in the long run, well-chosen, diversified investments like the QQQ or VOO funds are better options. Leveraged ETFs were built for short-term investing tactics, not long-term strategies.
The SPDR S&P 500 (SPY) and Invesco QQQ (QQQ) ETFs are doing well as they sit at their all-time highs. SPY has risen for three straight weeks and is trading at a record high of $530 while QQQ has soared to $452.