The Invesco QQQ Trust (QQQ) closed at $507.19 on January 10, 2025, down 1.57% as the Nasdaq 100 Index mirrored this decline, closing at 20,847.58. The drop was primarily driven by a stronger-than-expected U.S. non-farm payroll report, which added 256,000 jobs in December, far exceeding the forecast of 164,000. This robust job growth led to a reassessment of the Federal Reserve's monetary policy, pushing back anticipated rate cuts to October. Consequently, U.S. Treasury yields surged, negatively impacting growth-oriented tech stocks that dominate the Nasdaq 100. The tech sector faced additional pressure from potential new U.S. restrictions on chip exports, affecting major players like Nvidia. The rise in yields and geopolitical tensions further contributed to the selloff in tech stocks.