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

44.11

Mkt cap

795M

Volume

525K

High

45.16

P/E Ratio

23.24

52-wk high

50.98

Low

44.09

Div yield

0.00

52-wk low

27.68

U.S. stock markets closed lower, with the Dow Jones, S&P 500, and Nasdaq all recording declines. Asian markets were mixed, with gains in Japan and China but losses in Australia and India. European markets were up, with increases in the STOXX 50, DAX, and CAC. Gold hit a record high, while U.S. futures indicated a positive opening. Economic data showed a slight increase in the Chicago Fed National Activity Index and a drop in new home sales.

Portfolio Pulse from Akanksha Bakshi

March 26, 2024 | 11:11 am

On March 22nd, U.S. stock markets closed mixed with the S&P 500 nearly unchanged, marking its biggest weekly rise of 2024 after the Fed's interest rate cut plans. The Nasdaq increased slightly, driven by AI excitement. Baker Hughes reported a decrease in U.S. oil rigs. FedEx surged 7.4% after beating profit expectations, while Digital World Acquisition fell 13.7% following its merger approval with Trump's tech company. Global markets saw mixed results, with declines in Asia and Europe, while commodities like crude oil and gold traded higher.

Portfolio Pulse from Akanksha Bakshi

March 25, 2024 | 11:03 am

Global markets saw gains with the S&P 500, Dow Jones, and Nasdaq all closing higher after the Federal Reserve announced it would keep borrowing costs stable and hinted at possible rate cuts. Gold surged to a record high, crossing $2,200. Asian and European markets also experienced gains, with notable increases in Japan's Nikkei 225 and Australia's S&P/ASX 200. U.S. crude oil stocks fell unexpectedly, and the U.S. Dollar Index dropped.

Portfolio Pulse from Akanksha Bakshi

March 21, 2024 | 10:54 am

PDD Holdings Inc (NASDAQ:PDD) reported a significant year-on-year revenue growth of 123% in Q4 fiscal 2023, reaching $12.52 billion and surpassing consensus estimates of $11.01 billion. Adjusted earnings per ADS rose to $2.40, beating the consensus of $1.60. The company saw a 57% increase in online marketing services revenue and a 357% jump in transaction services revenue. PDD's adjusted operating profit grew by 112% to $3.46 billion. The company ended the quarter with $30.6 billion in cash and equivalents. PDD shares surged 15.7% in premarket trading. Investors can also gain exposure to PDD through the Global X MSCI China Consumer Discretionary ETF (NYSE:CHIQ) and the Invesco China Technology ETF (NYSE:CQQQ).

Portfolio Pulse from Anusuya Lahiri

March 20, 2024 | 12:09 pm

U.S. markets closed higher, led by growth stocks like Alphabet and Tesla. An anticipated AI agreement between Alphabet Inc. and Apple Inc. to integrate Google's Gemini AI engine into the iPhone was a key highlight. The NAHB/Wells Fargo Housing Market Index rose to 51, its highest in eight months. Asian markets were mixed, with Japan's Nikkei 225 and Australia's S&P/ASX 200 up, while India's Nifty 50 and China's Shanghai Composite declined. European markets saw gains, except for the U.K.'s FTSE 100. Commodities and U.S. futures varied, with crude oil slightly down and the U.S. Dollar Index up.

Portfolio Pulse from Akanksha Bakshi

March 19, 2024 | 10:44 am

On March 15th, U.S. markets fell, led by a downturn in technology stocks. Economic data showed a slight increase in industrial production, a significant drop in the NY Empire State Manufacturing Index, and a decrease in consumer sentiment. Asian markets, however, saw gains on March 18th, with Japan's Nikkei 225 leading. Speculation about the Bank of Japan's potential rate hike influenced markets. European markets were mixed, with slight gains in major indexes. Crude oil prices rose above $81. U.S. futures indicated mixed directions, and forex showed minor fluctuations.

Portfolio Pulse from Akanksha Bakshi

March 18, 2024 | 11:31 am

U.S. markets closed mixed with the S&P 500 and Nasdaq declining, while Asian markets showed mixed results and European markets trended upwards. Economic data revealed a 7.1% increase in U.S. mortgage applications. The energy, materials, and utilities sectors led gains in the S&P 500, whereas information technology and real estate sectors underperformed. Crude Oil WTI and Brent both saw increases, trading above $80. Commodities and futures also experienced varied movements.

Portfolio Pulse from Akanksha Bakshi

March 14, 2024 | 11:11 am

U.S. markets closed higher with the S&P 500 hitting a record high, driven by Oracle's rally and positive consumer price data. Oracle announced a collaboration with Nvidia, boosting their shares. Asian markets saw mixed results, while European markets and commodities, especially crude oil, traded higher. Economic data showed a rise in inflation to 3.2% year-over-year in February 2024.

Portfolio Pulse from Akanksha Bakshi

March 13, 2024 | 11:22 am

U.S. markets closed higher with the S&P 500 and Nasdaq hitting record highs, driven by tech and growth stocks amid optimism for Federal Reserve rate cuts. Asian markets also saw gains, while European markets were mixed. Commodities saw gold hovering near record highs, while crude oil and natural gas traded lower. U.S. futures indicated a lower opening for the next session.

Portfolio Pulse from Akanksha Bakshi

March 08, 2024 | 1:09 pm

U.S. markets closed higher, influenced by economic data and Federal Reserve Chair Jerome Powell's comments, hinting at a potential interest rate cut. Asian and European markets showed mixed results, with gold reaching a new high due to lower U.S. interest rate expectations. Economic indicators included U.S. job growth and trade surplus figures, alongside commodity and forex market movements.

Portfolio Pulse from Akanksha Bakshi

March 07, 2024 | 12:29 pm

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