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Why is QQQ Up Today After Tech Inflows

The Invesco QQQ Trust (QQQ) closed at $524.47 on February 4th, up 1.23%, as the Nasdaq-100 surged on strong earnings and sector-specific inflows. The Nasdaq-100 index rose 1.26% to 21,566.92, driven by robust performances in the technology sector, which saw significant inflows despite broader market outflows. Palantir's stock soared 24% following a bullish revenue forecast, while Spotify's shares jumped 8% on better-than-expected subscriber growth, contributing to the positive sentiment. Additionally, Alphabet's stock climbed 1.8% ahead of its earnings report, further boosting the tech-heavy index. The Information Technology sector, which dominates the Nasdaq-100, is projected to achieve over 20% earnings growth in 2025, reinforcing investor confidence.