The Nasdaq 100 Index (NDX) is set to cap off an eventful week. After opening the Friday session higher by 0.40%, the technology index is now in the red.
Ahead of the weekend, all eyes are on the U.S.-China meeting in Switzerland. This morning, President Trump posted on Truth Social that 80% tariffs on China “seem right,” adding that the tariff level will ultimately be determined by Treasury Secretary Scott Bessent. Trump also said that China should open its market to the U.S., which would benefit both parties.
Trump’s tariffs have created much uncertainty surrounding the economy. Federal Reserve Bank of New York President John Williams noted that he expects slowing growth, higher inflation, and higher unemployment as a result of these policies.
The Nasdaq 100 is down by 0.18% at the time of writing, bringing its weekly return to 0.19%.
Which Stocks are Moving the Nasdaq 100?
Let’s take a look at TipRank’s Nasdaq 100 Heatmap, which illustrates the stocks that have contributed to the index’s price action.
Most stocks within the technology and communication services sectors are adding on to the Nasdaq 100’s loss. However, Tesla (TSLA) and Texas Instruments (TXN) are performing quite well today with gains of 4.43% and 3.18%, respectively.
QQQ Stock Moves Lower with the Nasdaq 100
The Invesco QQQ Trust (QQQ) is an exchange-traded fund designed to track the movement of the Nasdaq 100.
Wall Street is quite bullish on QQQ stock. During the past three months, analysts have issued an average QQQ price target of $565.62 for the stocks within the index, implying upside of 16.02% from current prices. The 102 stocks in the QQQ carry 87 buy ratings, 15 hold ratings, and zero sell ratings.
