QQQ is trading at $706.38 (+1.65%) as technology stocks rally on better-than-expected corporate earnings and a solid April jobs report showing 115,000 new positions.
- Easing Middle East tensions and oil prices falling below $100 per barrel reduced inflation concerns, providing additional support for growth stocks.
- Major semiconductor and cloud software firms led the advance, including Akamai (+30% pre-market), Datadog (+31% pre-market), and Qualcomm.
- Geopolitical risks remained contained as ongoing U.S.-Iran diplomatic negotiations helped stabilize broader market sentiment.