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

Major indexes are higher following softer-than-expected July Producer Price Index (PPI) figures.

Portfolio Pulse from Benzinga Newsdesk

August 13, 2024 | 12:44 pm

The Producer Price Index (PPI) for July showed a slower-than-expected increase, reinforcing disinflationary trends and bolstering expectations for a Federal Reserve rate cut. The PPI rose by 2.2% annually, down from 2.7% in June, and the core PPI remained unchanged month-over-month. This has led to increased market speculation about a potential 50-basis-point rate cut in September. Major U.S. equity futures traded higher, and Treasury yields slightly decreased.

Portfolio Pulse from Piero Cingari

August 13, 2024 | 12:40 pm

Wall Street is optimistic about benign inflation data, which could lead to a rate cut. Home Depot's weak guidance is weighing on the retail sector. Futures for Nasdaq and S&P 500 are slightly up, while Dow and Russell 2000 are down. Key stocks like Home Depot, Tencent Music, Sea Limited, Paysafe, and Viasat are experiencing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

August 13, 2024 | 11:41 am

The upcoming July CPI inflation report is crucial for shaping investor expectations ahead of the Federal Reserve's September meeting. Depending on the data, markets may anticipate either a modest or substantial interest rate cut. The report will influence various assets, including stocks, bonds, and gold.

Portfolio Pulse from Piero Cingari

August 12, 2024 | 7:51 pm

This week, investors are focused on the U.S. Producer Price Index (PPI) and Consumer Price Index (CPI) reports. Economists expect a cooling in producer prices for July, which could signal easing price pressures. The PPI report is anticipated to show a 0.1% month-over-month increase, down from 0.2% in June. The core PPI is expected to rise by 0.2% monthly, cooling from 0.4% in June. Previous PPI data led to gains in the S&P 500, Nasdaq 100, and U.S. Treasury bonds, while gold and oil prices declined.

Portfolio Pulse from Piero Cingari

August 12, 2024 | 3:13 pm

The stock market is poised for a rally, but upcoming economic data and earnings from major companies like Home Depot and Walmart will be crucial. The market reaction function has shifted to 'good news is good news and bad news is bad news.' Money flows are positive in NVDA, MSFT, SPY, and QQQ, while neutral in AAPL, AMZN, GOOG, META, and TSLA. Bitcoin has dropped below $60,000 due to lack of whale activity.

Portfolio Pulse from The Arora Report

August 12, 2024 | 2:27 pm

Last week, the SPDR S&P 500 ETF Trust (SPY) and NASDAQ Invesco QQQ Trust (QQQ) experienced significant volatility, with dramatic market swings driven by macroeconomic uncertainty and a weak July jobs report. The S&P 500 had its best and worst days since 2022, reflecting investor anxiety over recession fears and the collapse of the yen carry trade. Historical precedents suggest that such volatility may continue, especially with upcoming macroeconomic indicators, company earnings, Federal Reserve decisions, and geopolitical conflicts. The 2024 election year is also expected to contribute to market volatility.

Portfolio Pulse from Hayden Buckfire

August 12, 2024 | 2:17 pm

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 1:17 pm

Nasdaq and S&P 500 futures climbed after a volatile week, with traders focusing on upcoming inflation data and retail earnings from Home Depot and Walmart. KeyCorp shares rose due to Scotiabank's minority stake purchase, while Hawaiian Electric fell after raising a going concern warning. Ballard Power Systems, Barrick Gold, and Monday.com are set to report earnings. The VIX held below 21, and geopolitical tensions rose with Hezbollah's rocket attacks on Israel.

Portfolio Pulse from Shanthi Rexaline

August 12, 2024 | 11:31 am

Veteran investor David Roche predicts a bear market in 2025 due to a sluggish U.S. economy, an AI bubble, and insufficient rate cuts by the Federal Reserve. Despite recent market sell-offs, Roche expects the Fed to proceed with interest rate cuts, impacting profit margins throughout 2025. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ Trust (QQQ) showed gains last week, erasing earlier losses.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 7:28 am

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.