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The Nasdaq-100 index’s unusually strong rally has left investors questioning whether U.S. large-cap tech stocks are “dangerously overextended,” according to DataTrek Research.
After its April 8 low, an exchange-traded fund that tracks the Nasdaq-100
NDX, the Invesco QQQ Trust Series I QQQ, soared 26.6% in the 50 trading days through June 20, said Jessica Rabe, co-founder of DataTrek Research, in a note emailed Monday.
This post was originally published on Market Watch
