The Nasdaq Index once surpassed 17,000 points! Will the upward trend continue?
@ETF Tracker:
The Nasdaq Composite Index reached a new all-time high on Wednesday, surpassing 17,000 points for the first time. Robust corporate earnings and bets on interest rate cuts fueled the rise in stock prices. Particularly, Nvidia's impressive earnings last week brought significant optimism to the stock market, boosting confidence in the global artificial intelligence (AI) boom. This has supported the Nasdaq's upward trend. So far this year, the tech-heavy index has risen by 13.4%.As a result, ETFs tracking the index have garnered significant attention. These include Invesco QQQ (QQQ), Invesco NASDAQ 100 ETF (QQQM), and First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW).Will the rally continue?The expansion of AI applications is expected to bring new growth opportunities to the tech sector