Current QLD stock price movements show stability above $78.80 despite sector rotation in broader markets. The ETF’s leverage factor makes it a preferred choice for traders aiming to magnify returns in the prevailing bullish run. The S&P 500 and Nasdaq Composite reached new peaks on Wednesday, thanks to a surge in Big Tech stocks. The optimism surrounding potential interest rate cuts, spurred by indications of slowing labor market and an easing economy, caused the rally. All cuts of meat are in the firing line with already 100,000 head of livestock lost. ( ABC News: Abbey Halter ) Intraday charts show QLD stock price climbing 1.4%, testing resistance near $79.
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