Amazon.com IncAMZN
Mentioned
Impact on stocks 4
Artificial Intelligence
Space Economy
QQQ's 17.7% First-150-Day Gain Historically Precedes Strong Year-End Returns
Price Action
The Invesco QQQ Trust finished the first 150 days of 2026 with a return of 17.7%, a level reached in only eight prior years, and in seven of those instances the ETF posted additional gains through year-end ranging from 8.2% to 20.8%, with the sole exception being a 0.6% decline in 2012. Separately, the odds of a September Federal Reserve rate hike plunged on Polymarket after Friday's payrolls report showed a 23,000-job decline versus an expected gain of 80,000, a five-sigma miss that reduces pressure on Chair Kevin Warsh to tighten policy. Meanwhile, several mega-cap tech stocks broke out after beating earnings estimates, including SpaceX, which trounced Zacks Consensus Estimates by 65.38% in its first report as a public company, and Amazon, Microsoft, and Alphabet, each of which topped Wall Street expectations amid their multi-billion-dollar capital expenditure push, with Amazon shares jumping 15% on volume 150% above normal in late July and holding those gains in a sign of institutional accumulation.
