Invesco QQQ Trust dips 0.21% as Nasdaq Composite off 2.97% YTD
Annual inflation slowed to 2.4% in January, its lowest since May 2025, as gasoline prices tumbled 3.2% while airline fares surged 6.5% and shelter costs rose 0.2%. Invesco QQQ Trust ETF slipped 0.21% on Friday and the Nasdaq Composite is down 2.97% year-to-date.
1. January Inflation Declines
Annual inflation slowed to 2.4% in January from 2.7% in December, marking the lowest rate since May 2025. Declines in energy costs drove relief, with gasoline prices dropping 3.2% over the month.
2. Rising Costs in Key Sectors
Consumers faced higher costs in travel and housing, with airline fares rising 6.5% and shelter expenses climbing 0.2%, partially offsetting broader price relief.
3. Market Performance Divergence
The Dow Jones Industrial Average has gained 2.31% year-to-date, while the Nasdaq Composite has fallen 2.97%. The Invesco QQQ Trust ETF slipped 0.21% on Friday.
4. Investor Takeaways
The split between blue-chip gains and tech sector struggles highlights uneven market momentum, prompting investors to reassess sector allocations.