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. markets closed lower due to a disappointing jobs report, leading to uncertainty about the Federal Reserve's interest rate decisions. Major indexes like the S&P 500, Dow, and Nasdaq saw significant weekly declines. Crude oil prices rose due to hurricane risks, while the U.S. dollar strengthened.

Portfolio Pulse from Akanksha Bakshi

September 09, 2024 | 10:23 am

Global markets experienced declines with U.S. indices mixed, as investors await key jobs data. The S&P 500 and Dow fell, while the Nasdaq rose slightly. Oil prices remained under pressure, and the U.S. dollar weakened. Asian and European markets also saw declines.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 10:48 am

U.S. markets closed mixed with potential rate cut signals from the Fed. The Dow gained slightly, while the S&P 500 and Nasdaq fell. Job openings hit a 3.5-year low, and the trade deficit expanded. Oil prices rose slightly, and the U.S. dollar retreated.

Portfolio Pulse from Akanksha Bakshi

September 05, 2024 | 11:16 am

U.S. stocks experienced a significant decline, with the S&P 500, Nasdaq, and Dow seeing their steepest losses since early August. Nvidia's sharp drop of nearly 10% contributed to the broader market decline. Weaker manufacturing data and uncertainty over Federal Reserve interest rate cuts dampened investor sentiment. Most S&P 500 sectors fell, particularly energy, tech, and communication services, while real estate and consumer staples gained. Asian and European markets also saw declines, and crude oil prices fell below $70.

Portfolio Pulse from Akanksha Bakshi

September 04, 2024 | 11:26 am

U.S. stocks closed higher with the Dow reaching a new all-time high, driven by strong consumer spending and moderate inflation. All 11 S&P 500 sectors rose, led by consumer discretionary. Asian markets were mixed, while European markets slid. Commodities saw a decline in oil prices, and the U.S. dollar neared a two-week high.

Portfolio Pulse from Akanksha Bakshi

September 03, 2024 | 11:11 am

U.S. markets closed with mixed results as the Dow reached a record high due to strong economic data, while Nvidia's shares declined. Most sectors on the S&P 500 closed positively, except for information technology and consumer staples. Asian and European markets advanced, and the U.S. dollar ticked higher.

Portfolio Pulse from Akanksha Bakshi

August 30, 2024 | 11:26 am

U.S. stocks ended lower as investors awaited Nvidia's quarterly report, with Nvidia shares dipping 2.1%. The Dow, S&P 500, and Nasdaq all closed lower. In Asia, markets were mixed, while European markets advanced. The U.S. dollar gained, and gold hit a new high at $2,555.

Portfolio Pulse from Akanksha Bakshi

August 29, 2024 | 11:20 am

U.S. stocks rose with the S&P 500 and Dow Jones hitting record highs, driven by anticipation of Nvidia's earnings. Asian markets were mixed, while European markets gained. Crude oil prices fell due to concerns over Chinese demand. The U.S. dollar index rose as markets awaited potential interest rate cuts.

Portfolio Pulse from Akanksha Bakshi

August 28, 2024 | 10:38 am

U.S. markets closed mixed with the S&P 500 and Nasdaq declining, while the Dow rose. Nvidia's stock fell ahead of its earnings report. Durable goods orders in the U.S. increased by 9.9% in July. Asian markets showed mixed results, and European markets edged up. Commodities like crude oil and gold retreated.

Portfolio Pulse from Akanksha Bakshi

August 27, 2024 | 10:46 am

PDD Holdings Inc. (NASDAQ:PDD) saw its ADRs plummet nearly 30% after disappointing Q2 earnings and a pessimistic revenue forecast. Despite an 86% revenue increase, results fell short of expectations, leading to a sell-off. ETFs with significant PDD exposure, such as ProShares Online Retail ETF (ONLN) and Global X MSCI China Consumer Discretionary ETF (CHIQ), also suffered declines.

Portfolio Pulse from Piero Cingari

August 26, 2024 | 7:12 pm

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