Apple is the largest component in PowerShares QQQ (NasdaqGM: QQQ). The Nasdaq-100 ETF soared more than 2% as the tech sector led 202-point rally in the Dow on Tuesday.
The highly traded ETF has bounced at its 50-day moving average with investors looking for more earnings from the tech sector this week. [Nasdaq ETF Looks for Support at 50-Day; Tech Earnings Parade Starts]
PowerShares QQQ was up 6% year to date as of July 18. [Nasdaq ETF Rallies Before Apple Earnings]
PowerShares QQQ
