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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

502.94

Mkt cap

195B

Volume

50M

High

503.31

P/E Ratio

40.49

52-wk high

515.58

Low

494.50

Div yield

0.01

52-wk low

382.66

The S&P 500, tracked by SPY, saw its largest weekly decline in 18 months due to a weaker labor market report. Tech stocks, tracked by QQQ, and the semiconductor sector, tracked by SOXX, experienced significant drops. Nvidia aims to expand beyond AI chips, Amazon's strong position in e-commerce and AWS is highlighted, and potential financial impacts on Alphabet due to a DOJ trial are discussed. Apple's iPhone 16 launch may initially disappoint, and Tesla's FSD timeline is criticized.

Portfolio Pulse from Michael Cohen

September 07, 2024 | 12:02 pm

The S&P 500 experienced its largest weekly drop since March 2023, driven by a cooler labor market report. The SPDR S&P 500 ETF Trust (SPY) fell 4.1% for the week, while the Invesco QQQ Trust (QQQ) and iShares Semiconductor ETF (SOXX) saw even steeper declines. Major tech and semiconductor stocks, including NVIDIA, Broadcom, and Amazon, were significant contributors to the downturn.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 8:40 pm

Semiconductor stocks, including Nvidia, AMD, and Broadcom, are experiencing a selloff, impacting ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF. Despite positive earnings reports, the sector is down, with ProShares Ultra Semiconductors losing 26% and ProShares UltraShort Semiconductors gaining 28%. Broader market ETFs like SPDR S&P 500 ETF Trust and Invesco QQQ Trust saw smaller declines.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 6:28 pm

Micron Technology Inc (NASDAQ:MU) shares are down 3.92% due to a broader market pullback in semiconductor and AI-related stocks, influenced by Broadcom's earnings report. Slower-than-expected job growth data has led to reevaluation of potential Federal Reserve interest rate cuts, impacting growth stocks like Micron. Higher interest rates could affect demand for Micron's products. Investors can gain exposure to Micron through the Invesco QQQ Trust (NASDAQ:QQQ).

Portfolio Pulse from Henry Khederian

September 06, 2024 | 5:53 pm

The U.S. stock market experienced a significant downturn due to disappointing August jobs data, with major indices dropping over 1%. The Nasdaq 100 faced its worst week in two years, heavily impacted by a slump in semiconductor stocks. The iShares Semiconductor ETF and Nvidia saw notable declines. Investors moved towards cash and bonds, while commodities and cryptocurrencies also suffered losses.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 5:46 pm

Major indexes are experiencing a decline due to a pullback in tech stocks and investor reactions to the latest jobs data.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:55 pm

The recent jobs report, known as the 'mother of all reports', has disappointed both bulls and bears due to mixed data, making it difficult for the Fed to decide on interest rate cuts. Fed Governor Waller's upcoming remarks are expected to influence market direction. Broadcom's earnings met expectations for AI chips but fell short overall, impacting AI stocks. Money flows are positive in major tech stocks and ETFs like SPY and QQQ. Investors are advised to maintain a protection band strategy to balance risk and opportunity.

Portfolio Pulse from The Arora Report

September 06, 2024 | 3:54 pm

The U.S. Treasury market rallied as August labor data showed weaker-than-expected job growth, increasing the likelihood of a Federal Reserve rate cut. This led to a surge in Treasury-related ETFs like TLT, a drop in equity markets including SPY and QQQ, and a spike in volatility as measured by the VIX.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 3:52 pm

The August jobs report showed economic resilience, easing recession fears. The U.S. economy added 142,000 jobs, with unemployment at 4.2% and wage growth surpassing expectations. Market reactions included a mixed performance in ETFs and stocks, with small caps outperforming.

Portfolio Pulse from Piero Cingari

September 06, 2024 | 2:03 pm

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:19 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.