Megacap Tech Earnings Boost Nasdaq 100 Futures; Advisor Exits $10.02M ETF
Nasdaq 100 futures climbed after megacap technology companies delivered stronger-than-expected Q1 results, driving TSMC up 6.6% and South Korean shares over 4.5%. MY Wealth Management sold 128,858 shares of trend-following PTNQ for $10.02 million, underscoring the outperformance of passive Nasdaq 100 exposure.
1. Nasdaq 100 Futures Rise on Strong Tech Results
Futures tied to the Nasdaq 100 index gained after Apple and other megacap tech firms surpassed Q1 earnings forecasts, extending the US equity rally to fresh highs. Asian tech benchmarks surged, with TSMC shares jumping 6.6% and South Korean equities climbing over 4.5%, as investors refocused on AI-driven growth themes.
2. Advisor Liquidates $10M PTNQ Position
MY Wealth Management fully exited its 128,858-share stake in the Pacer Trendpilot 100 ETF (PTNQ) during Q1, raising approximately $10.02 million. That allocation represented 8.8% of the fund’s assets, and its liquidation highlights a shift toward passive index strategies such as those tracking the Nasdaq 100.