---
title: "Tech Stocks Drive Gains as QQQ Rises 0.88%, IWM Flat"
canonical_url: https://www.stockexpertai.com/journal/2026-02-21/tech-stocks-drive-gains-as-qqq-rises-088-iwm-flat
last_updated: 2026-02-21T06:07:02.190Z
section: "Global Briefing"
author: "Reese Nakamura"
publisher: Stock Expert AI
content_type: journal-article
---

# Tech Stocks Drive Gains as QQQ Rises 0.88%, IWM Flat

## The Take
- Monitor sector-specific ETF performance and be aware of potential shifts in government policy regarding cryptocurrencies.

_US equities climb, led by tech sector, while Senator Lummis proposes Bitcoin purchase using gold reserves._

The global macro picture is shifting. U.S. equities saw gains driven primarily by the technology sector. The QQQ ETF, tracking the Nasdaq 100, advanced 0.88%, reflecting continued strength in tech stocks. Meanwhile, the SPY ETF, representing the S&P 500, increased 0.72%, indicating a broader market uptrend. The DIA, tracking the Dow Jones Industrial Average, saw a more modest gain of 0.34%. The IWM ETF, representing small-cap stocks, remained flat at 0.00%, suggesting that smaller companies did not participate in the rally to the same extent. 

Adding an unconventional twist to the financial landscape, Senator Lummis has proposed that the U.S. Treasury consider using a portion of its gold reserves to purchase Bitcoin. The Treasury currently holds 261.5 million ounces of gold, valued at $11 billion. The government also possesses 328,372 BTC, acquired through seizures, with an estimated value of $22.3 billion. This proposal highlights the growing interest in and acceptance of cryptocurrencies within political circles, although its feasibility and potential impact remain subjects of debate.

These developments underscore the complex interplay between traditional assets and emerging technologies. While the stock market continues to respond to earnings and broader economic trends, the potential for government involvement in the cryptocurrency market adds a new dimension to investment considerations. The performance of major ETFs like QQQ, SPY, DIA and IWM provides a snapshot of current market sentiment and sector-specific trends, while Senator Lummis's proposal could signal a longer-term shift in how governments approach digital assets.

Macro regimes don't change overnight—but when they do, it matters.

--Reese Nakamura
Global Macro Strategist

## Frequently Asked Questions

### Why did tech stocks rise today?
Tech stocks, as tracked by the QQQ ETF, experienced gains due to positive investor sentiment and potentially strong earnings reports. The Nasdaq 100, which the QQQ tracks, often reflects the performance of major tech companies. Broader economic trends and sector-specific news also contribute to these movements.

### What is Senator Lummis's Bitcoin proposal?
Senator Lummis has proposed that the U.S. Treasury consider using a portion of its gold reserves to purchase Bitcoin. This reflects a growing interest in cryptocurrencies within political circles and could potentially impact the digital asset's valuation and market perception. The proposal's feasibility and consequences are still under debate.

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_AI-generated under human editorial supervision. Educational research, not financial advice._