Tech Sector Takes a Hit: Invesco QQQ ETF Plunges Nearly 5% Amid Market Weakness

NEW YORK – The Invesco QQQ Trust, Series 1 (NASDAQ: QQQ), a major exchange-traded fund tracking the performance of the Nasdaq-100 index, saw a sharp downturn in trading activity on Tuesday. By late morning, the widely-held ETF was registering significant losses.

As of 11:55 AM Eastern Time on April 10th, QQQ shares were trading at 22.84 per share for the session thus far.

The intraday chart illustrates a consistent sell-off since the market opened, pushing the ETF well below its previous closing price of $466.00. This move underscores broad weakness, particularly impacting the large-cap technology and growth stocks that dominate the Nasdaq-100 index tracked by QQQ. Investors are closely monitoring this key market barometer amid the ongoing trading session.