Nasdaq-100 surges 10% in response to the 90-day tariff pause
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Market Reaction to Tariff Suspension: The Invesco QQQ ETF surged by up to 10.9% following President Trump's announcement of a 90-day pause on most reciprocal tariffs, excluding China, leading to significant gains in the Nasdaq-100 index.
Top Performing Stocks: Nearly all stocks within the QQQ ETF rose, with Strategy Incorporated leading the charge at +23.2%, indicating strong investor confidence amidst the tariff news.
Analyst Views on QLD
Wall Street analysts forecast QLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 70.540
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Current: 70.540
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
