On July 30, Invesco NASDAQ 100 ETF rose 3.03% in regular trading, trading at $280.66/share, with turnover of $454 million.

On the news front, the U.S. Commerce Department reported that June core PCE price index rose 3.3% year-over-year, matching expectations and below the prior reading of 3.4%, while Q2 real GDP annualized quarter-over-quarter came in at 1.5%, below market expectations. Meanwhile, Fed Chair Kevin Warsh signaled he is in no hurry to raise short-term rates, noting that rising Treasury yields have already tightened financial conditions, prompting a broad equity rally and a decline in bond yields.

Additionally, the Nasdaq 100 index had just officially entered correction territory the prior trading day, falling 11% from its June 2 record closing high. Historical data shows that since 2015, this technical pattern has appeared 9 times, with the index rising 100% of the time within the subsequent month, providing technical support for the rebound.

The fund generally invests at least 90% of its total assets in securities comprising the Nasdaq 100 index, which includes 100 of the largest nonfinancial companies listed on the Nasdaq Stock Market based on market capitalization.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)