Dow Hits Record Close; All Eyes Turn to Holiday-Week Trading

Dow finishes at a record, while the rest of the U.S. stock market closed Friday up too. Stocks edged higher into the bell, but stocks in major index funds slipped in post-market trading heading into the Memorial Day weekend. The drop after hours was minor. Traders did not chase the rally after the close.

US Stock Market Today: Dow Slips Below 50,000 as S&P 500, Nasdaq Fight to Hold Record Highs

US Stock Market Today: Dow Slips Below 50,000 as S&P 500, Nasdaq Fight to Hold Record Highs

Stocks lost ground by midday Thursday. The Dow Jones Industrial Average couldn’t hold 50,000, S&P 500 dipped after an early record attempt, and tech continued to carry much of the load as oil prices eased. Index ETFs tracked the move: SPY dropped roughly 0.2%, QQQ hovered close to unchanged, while DIA slipped 0.5% as of 12:48 p.m. ET.
QQQ tug-of-war: SEC filings show fresh buying and a bank cut as Nasdaq tests faster Nasdaq-100 entry

QQQ tug-of-war: SEC filings show fresh buying and a bank cut as Nasdaq tests faster Nasdaq-100 entry

Paradigm Capital Management LLC NV sharply boosted its exposure to Invesco’s QQQ ETF in the third quarter, bumping up its stake by 121.4% and ending up with 2,998 shares valued at nearly $1.8 million, according to a filing. That puts QQQ at about 1.8% of Paradigm’s portfolio, the disclosure shows.
US Stock Market Today: S&P 500 Hovers Near Record Highs in Thin Post‑Christmas Trading — What to Watch Into Year‑End

US Stock Market Today: S&P 500 Hovers Near Record Highs in Thin Post‑Christmas Trading — What to Watch Into Year‑End

Wall Street is back from the Christmas break for a single, full trading session — and the tone so far has been calm, cautious, and close to record territory. With many institutional desks already “done” for the year, volume is light and price moves can look deceptively small… right up until a sudden burst of buying or selling hits thin liquidity.
Invesco QQQ (QQQ) Sees New Institutional Position Shifts on Dec. 26 as Nasdaq-100 ETF Trading Resumes After Christmas

Invesco QQQ (QQQ) Sees New Institutional Position Shifts on Dec. 26 as Nasdaq-100 ETF Trading Resumes After Christmas

December 26, 2025 — A fresh wave of institutional disclosures published Friday shows investment advisers and money managers continuing to fine-tune exposure to the Invesco QQQ ETF, one of the market’s most closely watched proxies for the Nasdaq-100 and U.S. mega-cap growth stocks. The latest updates, drawn from SEC Form 13F filings covering the third quarter, show a mix of additions and trims—an outcome that underscores how QQQ remains a core portfolio building block even as investors debate the durability of the tech-led rally heading into 2026. MarketBeat
26 December 2025
Luxury Boom vs. Fed Gloom: European Markets Whipsaw (Sept 23–24, 2025)

QQQ Stock Analysis & Forecast: Tech Earnings, Fed Policy, and Outlook

Invesco QQQ Trust – the popular ETF tracking the tech-heavy Nasdaq-100 – has experienced notable swings heading into mid-November 2025. After rallying to a fresh record high in late October, QQQ saw a pullback as investors balanced blockbuster tech earnings against renewed interest rate concerns. Despite the recent volatility, the ETF remains in an uptrend year-to-date, buoyed by robust results from its top holdings and hopes that artificial intelligence and other growth drivers will continue to fuel long-term gains. Below we dive into QQQ’s recent performance, the impact of Big Tech earnings, Federal Reserve policy signals, macroeconomic trends, technical indicators, and expert forecasts for where QQQ could be headed next.
15 November 2025
Tech Stocks Storm the Market: QQQ Rockets on Trade Truce while TQQQ Investors Cash In (Oct 14, 2025)

Tech Stocks Storm the Market: QQQ Rockets on Trade Truce while TQQQ Investors Cash In (Oct 14, 2025)

In-Depth Analysis: The Invesco QQQ Trust tracks the Nasdaq-100, heavy in tech giants like Apple, Microsoft, Amazon and NVIDIA. This ETF has been one of 2025’s top performers – up ~16% YTD tipranks.com – thanks to blockbuster tech earnings and AI-driven optimism. On Oct. 10, QQQ plunged ~3.5% after President Trump threatened 100% tariffs on Chinese imports, sparking a tech sell-off ts2.tech ts2.tech. Over the weekend, however, Trump backtracked, which sent October 13 futures surging about 1.8% ts2.tech ts2.tech. This sharp reversal illustrates how sensitive QQQ’s trajectory is to U.S.-China trade rhetoric.
Tech ETFs Explode (and Implode) After Trade Truce: QQQ Rockets as TQQQ Traders Cash Out – What’s Next?

Tech ETFs Explode (and Implode) After Trade Truce: QQQ Rockets as TQQQ Traders Cash Out – What’s Next?

QQQ, the Nasdaq-100 ETF, tracks the 100 largest non-financial companies on Nasdaq azat.tv. On Friday Oct 10, QQQ plunged ~3.5% as President Trump announced plans to double tariffs on Chinese imports and restrict rare-earth exports, renewing trade war fears tipranks.com reuters.com. This knocked major tech shares lower and dragged QQQ to a 5-day decline of about 2.9% tipranks.com. Over the weekend Trump backpedaled, tweeting that he didn’t want to “hurt” China and that things would be fine, which soothed investors. On Monday, futures were up: Nasdaq 100 futures jumped ~1.8% by Monday morning reuters.com. TipRanks notes that as of pre-market Mon Oct 13, QQQ was up around 1.8% tipranks.com, recouping some losses. This volatility reflects how sensitive QQQ is to geopolitics – after all, even though QQQ is up ~16% YTD, a single weekend tweet moved it several percent.

US Stock Market Today Updates

MARKET CALENDAR

Key Events Today

The catalysts most likely to move markets.

#1

Warsh at Jackson Hole

Policy tone can move rates, USD, equities, gold and crypto simultaneously.

#2

Michigan sentiment

A weak final reading or elevated inflation expectations could pressure risk assets.

#3

Chicago PMI

A surprise versus 58.0 may alter the near-term manufacturing-growth narrative.

View full calendar
Times and estimates may change. Verify before trading.