The Invesco QQQ Trust (QQQ) closed at $529.63 on January 24, down 0.57%, as the Nasdaq 100 Index faced pressure from renewed scrutiny over US-China trade relations, impacting the semiconductor sector. The US government's review of the Economic and Trade Agreement with China has introduced uncertainty, particularly affecting chipmakers sensitive to international trade dynamics. This comes amid President Donald Trump's potential softening of his tariff stance, while also advocating for economic growth and tax reduction policies. Treasury bonds rallied with declining yields as investors sought safe-haven assets amidst geopolitical tensions, and the dollar weakened, marking its worst week since November 2023.