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

On April 16th, U.S. markets ended mixed with the S&P 500 and Nasdaq Composite falling, while the Dow Jones gained. This was amid volatile trading due to rising Treasury yields and concerns over high interest rates. Federal Reserve Chair Jerome Powell hinted at maintaining higher interest rates longer than expected due to inflation. Asian markets, excluding China, saw declines, while European markets and the STOXX 50 index experienced gains. Commodities showed mixed results with gold surpassing $2,400.

Portfolio Pulse from Akanksha Bakshi

April 17, 2024 | 10:39 am

On Thursday, U.S. stock markets ended mostly higher, with the Nasdaq and S&P 500 seeing gains, driven by tech momentum stocks amid cooling inflation signs. U.S. producer prices and initial jobless claims both came in below expectations. Despite a drop in stocks on Wednesday due to higher-than-expected CPI data, technology stocks led gains in the S&P 500. The Dow Jones slightly declined. Asian markets were mixed, with Japan's Nikkei 225 gaining, while markets in Australia, India, China, and Hong Kong fell. European markets and commodities, including gold, silver, and crude oil, traded higher.

Portfolio Pulse from Akanksha Bakshi

April 12, 2024 | 11:03 am

US stock markets fell after unexpectedly high inflation data, with the S&P 500, Dow Jones, and Nasdaq all closing lower. Inflation in the US rose to 3.5% in March, impacting global markets with mixed results in Asia and Europe. Commodities saw gold trading above $2,350, while crude oil prices dropped.

Portfolio Pulse from Akanksha Bakshi

April 11, 2024 | 10:47 am

U.S. stock markets ended mixed with Nasdaq and S&P 500 seeing gains, driven by tech, despite financial stocks' drag. NFIB Small Business Optimism Index fell for the third consecutive month. Asian markets were mixed, with Japan and China seeing declines, while Australia and India posted gains. European markets and commodities, including gold, traded higher. U.S. futures indicated a mixed opening.

Portfolio Pulse from Akanksha Bakshi

April 10, 2024 | 11:02 am

U.S. stock markets ended higher on April 5th, driven by a strong jobs report, suggesting the Federal Reserve may hold off on reducing interest rates. Asian markets were mixed, with gains in Japan, Australia, and India, but declines in China. European markets rose, and gold hit a new high at $2,350. U.S. futures were slightly down in early trading.

Portfolio Pulse from Akanksha Bakshi

April 08, 2024 | 11:38 am

Global markets experienced declines with the U.S. stock markets ending lower due to cautious statements from Federal Reserve officials and anticipation for the U.S. jobs report. The S&P 500 sectors all saw declines, particularly in technology, while defense shares gained. Asian markets also fell, notably Japan's Nikkei 225. European markets and commodities like crude oil and gold saw mixed results. U.S. futures indicated a slight uptick in early trading.

Portfolio Pulse from Akanksha Bakshi

April 05, 2024 | 10:48 am

Global markets saw varied performance with Asia and Europe posting gains while the US markets ended mixed. The S&P 500 and Nasdaq rose, despite a slowdown in the US services sector and no hints of interest rate cuts from Fed Chair Jerome Powell. Job additions in March exceeded expectations, but the ISM services PMI fell short of forecasts. Energy materials and communication services led S&P 500 sector gains, while utilities and consumer staples declined. Crude oil traded above $85, and gold reached a new high at $2,310.

Portfolio Pulse from Akanksha Bakshi

April 04, 2024 | 10:48 am

On April 1st, U.S. stock markets ended mixed with the Dow and S&P 500 dipping due to concerns over Fed rate cuts timing, influenced by strong manufacturing data raising Treasury yields. The energy sector saw gains with rising crude oil prices, while real estate, healthcare, and utilities sectors declined. Asian and European markets were mixed, with commodities like crude oil and gold reaching new highs. U.S. futures pointed to a lower opening.

Portfolio Pulse from Akanksha Bakshi

April 02, 2024 | 10:44 am

On Wednesday, U.S. stock markets closed higher, with the Dow and S&P 500 seeing significant gains, partly led by Merck (NYSE:MRK) ahead of inflation data and Fed insights. U.S. mortgage applications slightly fell, while crude oil stocks unexpectedly rose. All major S&P sectors gained, with utilities and real estate leading. Global markets showed mixed results, with Japan's Nikkei falling but markets in Australia, India, China, and Europe rising. Commodities saw gold exceeding $2,220, while crude oil and natural gas prices varied.

Portfolio Pulse from Akanksha Bakshi

March 28, 2024 | 11:16 am

On March 26th, U.S. markets closed lower, with the Dow, S&P 500, and Nasdaq all experiencing losses. Economic data showed a rise in U.S. durable goods orders and home prices. Asian markets were mixed, with gains in Japan, Australia, and India, but losses in China and Hong Kong. European markets saw slight gains, except for the U.K.'s FTSE 100. Commodities saw crude oil and natural gas prices drop, while gold and silver prices increased. U.S. futures indicated a positive opening for the next trading session.

Portfolio Pulse from Akanksha Bakshi

March 27, 2024 | 11:22 am

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