Why Is Invesco QQQ Trust ETF (QQQ) Inching Higher, 5/7/2026?

Tip Ranks
2026.05.07 11:58
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The Invesco QQQ Trust ETF (QQQ) rose 0.06% in pre-market trading, driven by optimism over a potential U.S.-Iran agreement to end the conflict. On Wednesday, QQQ increased by 2.08% following reports of the deal and positive sentiment from Advanced Micro Devices' strong Q1 results, boosting AI chip demand. Over the past five trading sessions, QQQ has gained 5.89% and is up 41% year-to-date.