First Trust Dow Jones International Internet ETF Price & Performance (FDNI)

Meta Platforms has achieved a remarkable milestone with its stock hitting an all-time high after a 20-day rally. The company's strategic focus on AI infrastructure, including potential acquisitions like FuriosaAI, has fueled optimism. Analysts remain bullish, citing Meta's strong advertising revenues and a relatively low valuation compared to industry peers.1

First Trust Dow Jones Internet Index Fund (FDNI) is presenting conflicting signals for traders. While support levels suggest a buying opportunity near $30.37, resistance levels around $32.95 indicate a potential shorting point. Day traders are advised to monitor resistance at $33.14 for potential breakout or shorting opportunities.2

Tech-heavy ETFs, including Invesco QQQ, saw significant outflows as investors shifted to fixed-income and international funds. The QQQ ETF alone lost $1.8 billion, reflecting concerns over tariffs and inflation. Meanwhile, fixed-income funds gained $2.28 billion in inflows, showcasing a preference for safer investment options during market uncertainty.3