The Nasdaq is higher amid strength in chip stocks.
Portfolio Pulse from Benzinga Newsdesk
The Nasdaq is experiencing gains driven by the strength in chip stocks.
May 28, 2024 | 2:56 pm
News sentiment analysis
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POSITIVE IMPACT
The Nasdaq is up due to strong performance in chip stocks, positively impacting QQQ.
QQQ, an ETF that tracks the Nasdaq-100, is likely to benefit from the overall rise in the Nasdaq driven by strong chip stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The Nasdaq's rise due to strong chip stocks is positively affecting QQQM.
QQQM, similar to QQQ, tracks the Nasdaq-100 and will benefit from the rise in the Nasdaq driven by strong chip stock performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80