The Nasdaq-100 ETF, represented by the ticker $QQQ, reached a new all-time high (ATH) in early August 2025, overcoming resistance levels it had faced earlier in the week around $572.87. This milestone was confirmed by multiple market observers between August 8 and August 12, 2025. Concurrently, the S&P 500 ETF ($SPY) approached its own ATH, with some reports indicating it was very close to reaching new highs. Market commentary during this period also referenced ongoing tariff concerns, but these did not prevent the major equity indices from hitting record levels.