The Invesco QQQ Trust, which tracks the Nasdaq 100, rose as much as 1.6% on Wednesday, reaching an intraday price of $540.22. The advance put the exchange-traded fund within a fraction of its February record close of $539.40 and positioned it to become the first major U.S. equity benchmark to reclaim an all-time high after April’s market pullback. The rebound has been driven largely by continued demand for artificial-intelligence hardware and software providers, alongside gains in industrials and financials. Broader sentiment also improved as oil prices fell and equity-volatility gauges remained subdued, offsetting lingering concerns over inflationary pressure from the United States’ recently imposed 145% tariff on Chinese goods. The tech-heavy fund’s strength helped lift other benchmarks: the S&P 500’s SPY ETF traded less than $10 below its own peak. Investors now look ahead to the coming earnings season, where stronger foreign-exchange trends and pricing power are expected to bolster profit growth across several sectors.