First Trust NASDAQ-100 Equal Weighted Index Fund Price & Performance (QQEW)

The S&P 500 dropped 1.59% amid President Trump’s confirmation of upcoming tariffs on Canada and Mexico. Nvidia’s 8.5% decline also dragged the Nasdaq down 2.78%. Rising jobless claims and weak consumer data further stoked fears of an economic slowdown, leaving investors cautious about market stability.1

The First Trust NASDAQ 100 Equal Weighted Index Fund saw a 99% increase in trading volume, with shares closing at $121.52. Despite the activity, the stock dipped 0.7%. Institutional investors remain active, but analysts suggest other stocks may offer better opportunities for growth.2

The First Trust Mid Cap Growth AlphaDEX Fund fell 3.4%, trading at $73.18. This drop came alongside a 197% surge in trading volume. The fund’s performance, coupled with its dividend history, has led to mixed investor sentiment regarding its future trajectory.3