The Nasdaq 100 index, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), ended Monday 1% higher, breaking a three-day losing streak as traders prepare for a crucial week of earnings reports from some of the tech sector’s most influential names.
This week’s earnings lineup features four Magnificent Seven giants like Tesla Inc. (NASDAQ:TSLA), which will report on Tuesday, followed by Meta Platforms Inc. (NASDAQ:META) on Wednesday, and both Microsoft Corp. (NYSE:MSFT) and Alphabet Inc. (NASDAQ:GOOGL) slated for Thursday.
PDD Holdings Inc. (NASDAQ:PDD) led Monday’s rally among the Nasdaq 100 stocks by rallying over 9%, followed by Nvidia Corp. (NASDAQ:NVDA), which climbed 4.4% after experiencing a sharp 10% drop on Friday. The chip sector, represented by the VanEck Semiconductor ETF (NYSE:SMH) showed strength, advancing 1.9% for the day.
Last week marked the Nasdaq 100 Index’s largest weekly drop in over 17…
