Streetbeat News

CQQQ

Invesco China Technology ETF

http://www.invesco.com/portal/site/us/investors/etfs/product-detail?productId=CQQQ

Industry

Asset Management

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains, and calculates the underlying index. The underlying index may include China A-Shares, B Shares, H Shares, N Shares, Red Chips, P Chips and S Chips. The fund is non-diversified.

Open

40.75

Mkt cap

731M

Volume

204K

High

40.85

P/E Ratio

21.08

52-wk high

50.98

Low

40.33

Div yield

0.00

52-wk low

27.68

U.S. markets closed higher with the Dow Jones hitting a record high, driven by strong earnings from Morgan Stanley. Most sectors on the S&P 500 ended higher, with utilities, financials, and real estate stocks leading the gains. Crude oil prices remained steady amid Middle East developments.

Portfolio Pulse from Akanksha Bakshi

October 17, 2024 | 10:25 am

U.S. markets closed lower with the Nasdaq dropping 1% due to falling chip stocks like Nvidia and ASML. The energy sector also declined as oil prices slid. Financials outperformed while healthcare disappointed. The NY Empire State Manufacturing Index dropped significantly. Most S&P 500 sectors closed lower, with technology, energy, and healthcare leading losses.

Portfolio Pulse from Akanksha Bakshi

October 16, 2024 | 10:45 am

U.S. markets closed higher with record highs in the S&P 500 and Dow, led by semiconductors like Arm Holdings and Nvidia. Energy stocks declined due to a drop in crude oil prices. Asian markets were mixed, with significant declines in China. European markets showed mixed results, and crude oil prices fell over 5% due to demand concerns.

Portfolio Pulse from Akanksha Bakshi

October 15, 2024 | 10:16 am

U.S. markets closed positively with financial stocks leading gains after major banks reported strong earnings. JPMorgan, Wells Fargo, and BlackRock exceeded profit expectations, boosting the S&P Financials index. This, along with favorable inflation data, raised hopes for a potential Federal Reserve rate cut in November. Meanwhile, oil prices fell due to demand concerns, and the U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

October 14, 2024 | 10:50 am

U.S. markets closed lower due to conflicting economic data, with inflation higher than expected and rising jobless claims. This has led to speculation of a potential Federal Reserve rate cut in November. Most S&P 500 sectors saw losses, while energy and materials stocks rose. Asian and European markets showed mixed results, with notable declines in China's indices. Commodities saw a dip in crude oil prices, while gold rose above $2,650.

Portfolio Pulse from Akanksha Bakshi

October 11, 2024 | 11:40 am

U.S. markets closed higher due to Federal Reserve minutes indicating support for a rate cut. Tech stocks were mixed, with Alphabet down 1.5% due to antitrust concerns. Crude oil prices surged on supply risks, while U.S. futures and the dollar index showed slight declines.

Portfolio Pulse from Akanksha Bakshi

October 10, 2024 | 10:26 am

U.S. markets closed higher as tech stocks gained, while China's markets plunged due to profit-taking and lack of new stimulus. European markets edged up slightly, and crude oil prices rose amid Middle East tensions.

Portfolio Pulse from Akanksha Bakshi

October 09, 2024 | 10:32 am

Global markets experienced mixed results with U.S. markets closing lower due to rising Treasury yields and Middle East tensions. Asian markets saw significant movements, with China's indices surging to two-year highs before losing momentum. European markets also declined, while oil prices fell as supply fears eased.

Portfolio Pulse from Akanksha Bakshi

October 08, 2024 | 10:01 am

Chinese stocks have surged, with the MSCI China Index outperforming the S&P 500 due to policy stimulus. The iShares MSCI China ETF (MCHI) rose over 35% from Sept. 24 to Oct. 7. Major Chinese companies like Alibaba and Tencent saw significant gains. Analysts advise caution, suggesting potential pullbacks but also long-term opportunities in certain sectors.

Portfolio Pulse from Piero Cingari

October 07, 2024 | 5:49 pm

U.S. markets closed higher with the Dow reaching a record high, driven by a strong jobs report. Most S&P 500 sectors gained, while real estate and utilities fell. Crude oil prices rose by 2.5%. Asian markets showed mixed results, and European markets were mostly stable. U.S. futures indicated a decline.

Portfolio Pulse from Akanksha Bakshi

October 07, 2024 | 10:56 am

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