--- title: "Weekly Recap | Invesco QQQ Trust +0.68%, closing in on record highs" type: "News" locale: "en" url: "https://longbridge.com/en/news/300841487.md" description: "QQQ added 0.68% for the week, closing at $749.58 and beating the S&P 500 by roughly 0.95 percentage points while the broad index slipped 0.27%. Trading opened lower on Monday with a dip to the week’s low of $731.63, then recovered quickly. The following three sessions stayed in a narrow range before Friday’s up-move pushed the ETF to a weekly high of $754.54. Weekly amplitude was 3." datetime: "2026-10-03T04:51:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300841487.md) - [en](https://longbridge.com/en/news/300841487.md) - [zh-HK](https://longbridge.com/zh-HK/news/300841487.md) generator: "portal-rs" --- # Weekly Recap | Invesco QQQ Trust +0.68%, closing in on record highs ## The Week QQQ added 0.68% for the week, closing at $749.58 and beating the S&P 500 by roughly 0.95 percentage points while the broad index slipped 0.27%. Trading opened lower on Monday with a dip to the week’s low of $731.63, then recovered quickly. The following three sessions stayed in a narrow range before Friday’s up-move pushed the ETF to a weekly high of $754.54. Weekly amplitude was 3.09%, with buyers and sellers pulling in opposite directions early on before the tape tilted upward late in the week. ## NASDAQ-100 This Week The underlying NASDAQ-100 rose 0.65% for the week to 30,807.93, tracking QQQ’s performance almost one-for-one. The index slid to 30,081.06 on Monday, then ground higher through Wednesday and Thursday before Friday’s push to the week’s high of 31,017.53, leaving it near record territory. The daily pattern showed a quieter, range-bound start followed by a higher centre of gravity late in the week, a gradual upward move rather than a sharp breakout. ## Leverage & Decay QQQ replicates the daily move of the NASDAQ-100, so leverage does not simply scale the weekly return. The underlying index gained 0.65% this week; at 1x leverage, the theoretical compounding value is about 0.65%, while QQQ actually rose 0.68%, a gap of only 0.03 percentage points. That difference comes from daily rebalancing. In a week dominated by one-way price action, decay tends to stay small; when the index swings back and forth, daily rebalancing makes the compounded path drift further from the index’s cumulative return. The weekly figure investors see is the result of daily returns compounding, not a simple multiple of the one-week move. ## NASDAQ-100 News Two threads ran through NASDAQ-100 headlines this week: shifting Fed rate expectations and structural moves in large tech. Early in the week, Bessent urged the Fed to stay open on rates while flagging AI’s productivity boost. Midweek, cooler core PCE inflation lifted sentiment, and Friday’s weak non-farm payrolls report raised bets that the Fed would hold in October, helping the NASDAQ-100 rally to an all-time high. On the constituents side, Moderna is set to join the NASDAQ-100 from 9 October, while Warner Bros. Discovery will leave the index and the S&P 500 after the Paramount buyout. These developments overlapped in time with the index’s late-week push higher, though the data does not establish a causal link between any single item and the price move. ## The Week Ahead Attention now turns to services PMIs and trade data. On 5 October, the US S&P Global services PMI final reading and ISM non-manufacturing PMI are due; on 6 October, international trade figures arrive. A continued expansion in services would support risk appetite. Energy prices remain a wild card for inflation expectations, and the weekly EIA crude inventory data offer another near-term cue. For QQQ, the practical focus is on how the NASDAQ-100 behaves near record highs, where the immediate test is whether buyers keep absorbing supply. ## In Short QQQ’s 0.68% weekly gain beat the S&P 500, and Friday’s push to a weekly high left the tape leaning upward. Against that, the latest session’s capital flow showed a divergence between larger and smaller orders, with large-lot money leaning toward net selling while smaller flows held up. Valuation sits in the lower part of its range: the fund’s P/E is negative, P/B is around 2.81x, and the dividend yield is about 0.41%. The takeaway is a tension between near-term momentum and fragile participation. What to watch next is whether the NASDAQ-100 can hold above record levels and whether services data extend the economy’s resilience. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QQQP.US](https://longbridge.com/en/quote/QQQP.US.md) - [QQQW.US](https://longbridge.com/en/quote/QQQW.US.md) - [MQQQ.US](https://longbridge.com/en/quote/MQQQ.US.md) ## Related News & Research - [Hedge Funds Capitulate, Credit Still Screams... 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