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

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

Nvidia's halt in sell-off and strong earnings from Marvell Technology and MongoDB have led to a slight rebound in semiconductor stocks. The dollar rose as traders adjusted Fed rate cut expectations, impacting commodities. Major indices showed mixed performance, with notable stock movements including Intel's rise on restructuring rumors.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 5:12 pm

The U.S. dollar strengthened as the Federal Reserve's inflation data suggested a slower pace for rate cuts. Wall Street reacted positively to strong consumer data, with several ETFs showing gains. The Invesco DB USD Index Bullish Fund ETF (UUP) rose, while the SPDR Gold Trust (GLD) fell. Small-cap stocks, tech stocks, and semiconductors saw gains.

Portfolio Pulse from Piero Cingari

August 30, 2024 | 1:58 pm

The article lists the top 10 trending stocks on WallStreetBets as of August 30, 2024, according to Swaggy Stocks. The stocks mentioned are NVDA, LUNR, INTC, MADE, WAY, ASTS, QQQ, SOFI, DG, and SMCI.

Portfolio Pulse from Benzinga Newsdesk

August 30, 2024 | 1:14 pm

Wall Street is set for a positive start as inflation data looms, with futures indicating a potential rally if inflation doesn't force a reassessment. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) are up in premarket trading. Nvidia's earnings report led to a decline, while other tech stocks like Dell, Autodesk, Lululemon, Marvell, and MongoDB saw gains. Analysts warn of potential volatility in the fall, with upcoming economic data and rate cuts influencing market direction.

Portfolio Pulse from Shanthi Rexaline

August 30, 2024 | 10:45 am

Traders are scaling back expectations for a 50-basis-point rate cut by the Federal Reserve in September, following an upward revision of U.S. GDP growth. The market now anticipates a smaller 25-basis-point cut, with the PCE inflation report being a key factor. A higher PCE could strengthen the USD and impact Treasury yields, while a lower PCE could boost equities like SPY and QQQ.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 8:46 pm

Fitch Ratings reaffirmed the U.S. credit rating at 'AA+' with a stable outlook, highlighting strengths like high per capita income and the U.S. dollar's financial flexibility. However, concerns over escalating debt and political polarization were noted. The U.S. economic growth is projected to decelerate, with a slight narrowing of the deficit expected in 2024. Treasury yields and the U.S. dollar remained broadly unchanged following the report, while Treasury-linked ETFs fell.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 8:23 pm

US stocks rallied on Thursday as the Dow Jones hit record highs, driven by better-than-expected GDP growth. Nvidia's stock fell over 3% due to unimpressive revenue projections, while other semiconductor stocks and ETFs like iShares Semiconductor ETF gained. Major indices and ETFs, including SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series, saw positive movements.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 5:34 pm

The U.S. economy showed strong growth with a 3% GDP increase in Q2, boosting the U.S. dollar, oil prices, and tech stocks. Defensive assets like bonds and the yen fell as expectations for large rate cuts eased.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 2:21 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2024 | 1:15 pm

The upcoming PCE inflation report, a key indicator for the Federal Reserve, is expected to show a slight increase in inflation rates for July. This report could influence market expectations for a rate cut in September. A higher-than-expected report may boost the U.S. dollar and Treasury yields, while a lower-than-expected report could benefit equities.

Portfolio Pulse from Piero Cingari

August 29, 2024 | 12:28 pm

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