The tech sector is showing signs of a cautious rebound as the week comes to a close, driven by Apple's positive guidance, which has provided a significant boost despite ongoing challenges such as declining iPhone sales and issues in China. The Nasdaq 100 is reflecting this recovery, although it remains down for the week due to concerns surrounding DeepSeek and Nvidia's upcoming meeting with former President Trump, which adds a layer of uncertainty. Investors are also exploring alternatives to US tech stocks, with European equities outperforming, indicating a shift in market sentiment. This broader market participation is further evidenced by the equal-weight S&P 500's outperformance over its cap-weighted counterpart.
The Invesco QQQ Trust (QQQ) has seen a price increase, rising 1.48% to $530.79 as of 10:40 AM on Friday, January 31.