With QQQ higher, market focus is concentrated on the Fed's policy decision and upcoming earnings releases from large-cap stocks such as Microsoft and Alphabet. Implied volatility is at the 62nd percentile.
QQQ is up 0.41% in pre-market trading, while SPY is up 0.13%. AI-related financing deals and Anthropic's disclosure of computing demand are supporting Nasdaq-100-linked technology stocks, while the market awaits the Fed's policy decision and large-cap earnings releases.
At the same time, options trading activity indicates that IV is at the 62nd percentile.
Factors such as AI-related financing and Anthropic's disclosure of demand are expected to affect the performance of technology stocks.