The Invesco QQQ Trust (QQQ) closed slightly up by 0.02% at $515.27 on January 8, 2025, as the Nasdaq 100 Index saw a modest increase of 0.04% to 21,180.97. The tech-heavy index benefited from hedge funds' net buying in the technology sector, as reported by Citi's equity sector flows, which highlighted a tech-friendly market environment. Additionally, the Nasdaq received a boost from Deutsche Bank's upgrade of the exchange to a buy rating, contributing to a 1.4% rise in Nasdaq shares. The broader market sentiment was supported by the normalization of the yield curve amid economic expansion, as long-term bond yields adjusted without sparking inflation fears.