Why the Invesco QQQ ETF Gained 10.6% in January

What happened

The Invesco QQQ Trust (NASDAQ: QQQ) got off to a good start in 2023, as the exchange-traded fund (ETF) finished the month of January up 10.6%, according to S&P Global Market Intelligence. It is a nice bounce-back month for the ETF, which was down 32.6% in 2022.