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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

Tech stocks experienced their best session in five months ahead of the Federal Open Market Committee (FOMC) meeting, driven by strong earnings and easing concerns over chip export restrictions to China. The Nasdaq 100 surged 2.7%, led by Nvidia Corp. (NVDA), which jumped 11%. The iShares Semiconductor ETF (SOXX) soared over 5%. The S&P 500 rose 1.6%, and small caps tracked by the iShares Russell 2000 ETF (IWM) increased by 1.1%. The dollar eased 0.2%, while the Japanese yen, tracked by the Invesco CurrencyShares Japanese Yen Trust (FXE), rallied 1.4%. Commodities like gold and oil also saw significant gains.

Portfolio Pulse from Piero Cingari

July 31, 2024 | 5:23 pm

Intel Corp (NASDAQ: INTC) plans to cut thousands of jobs to reduce costs and support a turnaround strategy amid declining earnings and market share. The company, which employs about 110,000 people, could announce the workforce reduction as early as this week. CEO Pat Gelsinger is investing heavily in R&D to enhance Intel's technology and regain its leadership in the semiconductor industry. Intel's stock has lost 16% in the last 12 months, but shares are currently trading higher by 2.01%. Investors can gain exposure to Intel through ETFs like Invesco QQQ Trust (NASDAQ: QQQ) and SPDR S&P 500 (NYSE: SPY).

Portfolio Pulse from Anusuya Lahiri

July 31, 2024 | 3:53 pm

The article discusses the recent market dynamics, highlighting the oversold condition of tech stocks, the impact of a potential China loophole, and the Bank of Japan's rate hike. It mentions the earnings reports of several companies and the positive money flows in major tech stocks and ETFs.

Portfolio Pulse from The Arora Report

July 31, 2024 | 3:38 pm

The Market Clubhouse Morning Memo for July 31st, 2024, provides a detailed analysis of key price levels for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines potential bullish and bearish scenarios for each asset based on proprietary formulas. Additionally, the memo highlights significant economic data releases and the FOMC Interest Rate Decision, which are expected to create a volatile trading environment.

Portfolio Pulse from RIPS

July 31, 2024 | 2:16 pm

Major indexes are higher as chip and tech stocks gain following strong earnings from AMD.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:38 pm

Portfolio Pulse from Benzinga Newsdesk

July 31, 2024 | 1:18 pm

Wall Street is optimistic about a tech-led rebound driven by AMD's strong Q2 results. Major indices are up, with expectations of a Fed rate cut in September. Key stocks like AMD, MSFT, and ETFs like SPY and QQQ are showing significant premarket movements.

Portfolio Pulse from Shanthi Rexaline

July 31, 2024 | 11:56 am

July saw a significant market rotation with investors moving towards small-cap stocks, anticipating Federal Reserve interest rate cuts. The iShares Russell 2000 ETF (IWM) had its best monthly performance against the Nasdaq 100 (QQQ) since April 2002, with a 9.2% rally. The Russell 2000 could continue to outperform if the Fed cuts rates as expected.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 7:28 pm

Dell, Nvidia, and AMD stocks have tumbled as the semiconductor rally stalls. The Invesco QQQ Trust Series is down over 5% in the last month. Dell's stock is down 25%, Nvidia's more than 15%, and AMD around 13%. Earnings reports from Tesla and Alphabet have driven their stocks lower, adding to tech sector uncertainty. The iShares Semiconductor ETF is still up 20% YTD despite a 10% drawdown in the last month. Upcoming earnings from Microsoft, Meta, and AMD could provide more insights.

Portfolio Pulse from Aaron Bry

July 30, 2024 | 6:25 pm

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 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.