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Popular QQQ ETF faces a crucial moment with Nvidia earnings on deck after its rare pullback
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Tech giant Nvidia, the ETF’s largest holding, will report earnings Wednesday
Investors are bracing for earnings results from tech giant Nvidia, a top holding of a popular ETF tracking the Nasdaq-100 Index. Photo: AFP via Getty Images
Investors appear unusually jittery over technology stocks lately.
A popular exchange-traded fund that tracks the Nasdaq-100 Index NDX and is known by its ticker symbol “QQQ” has posted a loss over the trailing 50-days — something the tech-heavy equities ETF seldom has done, according to DataTrek Research.