Tech Stocks Have Done This Only 3 Times in 21 Years. Here's What Happened Next

By Jason Hall – Sep 20, 2023 at 5:02AM

NASDAQ: QQQ

Invesco QQQ Trust

Market Cap

Today's Change

(1.54%) $6.55

Current Price

$431.00

Price as of April 26, 2024, 4:00 p.m. ET

Can tech's domination continue?

The Nasdaq 100 index is up an incredible 41.6% through Sept. 1 and has been a huge long-term winner. You can own a stake in it via the Invesco QQQ Trust (QQQ 1.54%). In this video, Motley Fool contributor Jason Hall explains what happened the last two times it was up so much so fast, and explains what investors should be focusing on now.

*Stock prices used were from the morning of Sept. 19, 2023. The video was published on Sept. 19, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jason Hall has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon.com, Apple, and Microsoft. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.