Streetbeat News

QQQ

Invesco QQQ Trust

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

Industry

Asset Management

To maintain the correspondence between the composition and weights of the securities in the trust (the "securities") and the stocks in the NASDAQ-100 Index®, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative weights of index securities. The composition and weighting of the securities portion of a portfolio deposit are also adjusted to conform to changes in the index.

Open

508.40

Mkt cap

202B

Volume

32M

High

514.33

P/E Ratio

41.88

52-wk high

514.33

Low

508.34

Div yield

0.01

52-wk low

369.57

The U.S. PCE price index, the Fed's preferred inflation measure, remained at 2.6% in December, a near 3-year low. Core PCE also decelerated to 2.6%, suggesting potential for Fed rate cuts. Personal income and spending increased, with spending outpacing expectations. This data could influence the stock market and has bolstered rate cut bets, with SPY and QQQ seeking continued gains.

Portfolio Pulse from Piero Cingari

January 26, 2024 | 1:40 pm

The upcoming Personal Consumption Expenditure (PCE) price index report for December is a critical economic indicator that could influence the stock market's direction. Economists expect the headline PCE inflation rate to remain at 2.6% year-on-year and the core PCE to slightly decelerate to 3% from November's 3.2%. If the PCE report meets or falls below expectations, it could be positive for the SPDR S&P 500 ETF Trust (SPY) and the Invesco QQQ Trust (QQQ), suggesting a robust economy with controlled inflation. However, if the PCE indicates higher inflation, it could challenge the market's expectation of rate cuts and negatively impact these ETFs.

Portfolio Pulse from Piero Cingari

January 25, 2024 | 9:55 pm

Major US stock indexes have risen in response to positive US GDP data, indicating a stronger-than-expected economic performance.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 5:04 pm

Swaggy Stocks has listed the top 10 trending stocks on WallStreetBets as of January 25, 2024. The stocks include TSLA, NVDA, AMD, AI, PYPL, NFLX, INTC, QQQ, AAPL, and AMZN.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 2:23 pm

U.S. stock indices hit record highs, with the S&P 500 surpassing 4,900 points due to a tech rally and Microsoft reaching a $3 trillion market cap. The National Science Foundation announced a pilot AI research program with tech companies. The Nasdaq 100 and Dow Jones also saw gains, while the Russell 2000 remained flat. U.S. private sector activity showed strong growth, and China's RRR cut boosted Chinese-related stocks. Sector-wise, technology led gains, while utilities lagged. Netflix surged on strong subscriber growth, while other companies showed mixed reactions to earnings. DuPont tumbled after a disappointing forecast.

Portfolio Pulse from Piero Cingari

January 24, 2024 | 7:38 pm

U.S. stock futures are up, with positive sentiment from Netflix and ASML earnings. Tesla's Q4 results are highly anticipated. Chinese central bank's stimulatory measure may boost U.S.-listed Chinese stocks. Mixed results in Tuesday's trading with Dow down, but Nasdaq and S&P 500 up. Wharton professor Jeremy Siegel suggests broader market participation in the rally, favoring big tech stocks. SPDR S&P 500 ETF Trust and Invesco QQQ ETF saw premarket gains. Several companies, including Abbott Laboratories and IBM, are set to report earnings.

Portfolio Pulse from Shanthi Rexaline

January 24, 2024 | 12:41 pm

US stocks showed little movement on Tuesday, with major indices near all-time highs or slightly down. The S&P 500 and Nasdaq 100 were stable, while the Dow dropped 0.4%. The iShares Russell 2000 ETF (IWM) fell 0.7%. Treasury yields and the dollar rose, reducing expectations of Fed rate cuts. The iShares 20+ Year Treasury Bond ETF (TLT) declined by 1.1%. Chinese stocks in New York, including Alibaba (BABA), Baidu (BIDU), and NIO (NIO), surged after China's market stabilization measures. United Airlines (UAL), Verizon (VZ), and Procter & Gamble (PG) rose post-earnings, while 3M (MMM), General Electric (GE), Johnson & Johnson (JNJ), and Lockheed Martin (LMT) fell. Netflix (NFLX) was flat before earnings, and TKO Group Holdings (TKO) jumped 13% after securing a deal with Netflix.

Portfolio Pulse from Piero Cingari

January 23, 2024 | 7:07 pm

Alibaba Group Holding Limited (BABA) and other Chinese peer stocks, including PDD Holdings Inc (PDD), Baidu, Inc (BIDU), and JD.Com, Inc (JD), are trading higher, in line with broader indexes iShares China Large-Cap ETF (FXI) and KraneShares Trust KraneShares CSI China Internet ETF (KWEB). The rally follows reports of China considering a $278 billion stimulus package to stabilize the stock market. Alibaba is also launching its first physical store for its online second-hand platform, Xianyu, which aligns with CEO Eddie Wu Yongming's innovation strategy. Last year, BABA stock lost 43%, while FXI and KWEB lost 34%-36%, in contrast to the U.S. tech index Invesco QQQ Trust, Series 1 (QQQ), which gained 46%.

Portfolio Pulse from Anusuya Lahiri

January 23, 2024 | 12:49 pm

Traders have reduced expectations for a March Fed rate cut, with a 58% chance of rates staying the same, but still anticipate six rate cuts by December 2024. Strong economic data, including job growth and retail sales, have dampened immediate rate cut prospects. However, Fed futures suggest an 85% chance of a cut by May and similar odds for June. U.S. stock ETFs like SPY, DIA, and QQQ are trading at all-time highs, buoyed by these rate cut expectations.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 9:00 pm

Stocks are on the rise as major indexes gain momentum and Treasury yields fall, indicating a positive market trend.

Portfolio Pulse from Benzinga Newsdesk

January 22, 2024 | 7:50 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.