QQQ is trading at $698.41 (+1.52%) as easing geopolitical tensions and a robust manufacturing report drive a rebound in tech and growth sectors.
- Lower oil prices and cooling Middle East tensions have reduced inflation fears, encouraging a rotation back into high-growth assets.
- A stronger-than-expected July ISM manufacturing print improved overall risk sentiment, supporting the tech-heavy index's recovery.
- Megacap AI and cloud names continue to lead the market higher, providing significant support for the index as investors rotate back into growth.