QQQ Tests 200-Day Average as Nasdaq-100 Falls More Than 10% From October Record High

Invesco QQQ Trust, Series 1 (QQQ) is testing its 200-day moving average as the Nasdaq-100 enters correction territory after a decline of more than 10% from its October record high.

QQQ is an exchange-traded fund designed to track the Nasdaq-100. Its first test of the moving average since March comes against the backdrop of the index’s move into correction territory.