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

U.S. stocks are set for a mixed start ahead of the non-farm payrolls data release, which is crucial for the Federal Reserve's upcoming rate decision. Futures markets show a high probability of a pause in rate hikes. Meme stock volatility, particularly around GameStop, is expected to impact market movements. Key stocks like DocuSign, Vail Resorts, Samsara, and Zumiez are experiencing significant pre-market declines following earnings announcements.

Portfolio Pulse from Shanthi Rexaline

June 07, 2024 | 11:48 am

Nvidia has surpassed Apple in market capitalization, driven by strong AI-related news and Wall Street activity. The European Central Bank has cut interest rates by 25 bps, widening the policy gap with the Fed. Initial jobless claims indicate a cooling labor market. Early trade shows positive money flows for Nvidia, neutral for Amazon, Microsoft, Alphabet, Tesla, and Apple, and negative for Meta. Mixed flows are observed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

June 06, 2024 | 3:43 pm

The Market Clubhouse Morning Memo for June 6th, 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, emphasizing the importance of monitoring these levels closely. The memo also highlights the impact of the European Central Bank's rate decision and other economic data releases on market sentiment and volatility.

Portfolio Pulse from RIPS

June 06, 2024 | 2:10 pm

US stock futures show caution after a strong Wednesday, with positive earnings news and hopes for ECB rate cuts. Nvidia led tech gains, while analysts warn of potential summer volatility. Key economic data releases are expected, and several companies report earnings.

Portfolio Pulse from Shanthi Rexaline

June 06, 2024 | 11:24 am

The S&P 500 and Nasdaq 100 indices hit all-time highs, driven by investor confidence in AI-driven growth. Nvidia surpassed Apple to become the second most valuable U.S. company. The SPDR S&P 500 ETF (SPY) and Invesco QQQ Trust (QQQ) closed at record highs. The VanEck Semiconductor ETF (SMH) saw significant gains, and small caps rallied with the iShares Russell 2000 ETF (IWM) up 1.5%.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 8:18 pm

The article discusses the current market dynamics where investors are buying stocks on lower yields due to softer economic data. It highlights the performance of various assets including bonds, stocks, and commodities, and provides insights into the behavior of the 'momo crowd' and 'smart money'. Key economic reports and upcoming events are also mentioned.

Portfolio Pulse from The Arora Report

June 05, 2024 | 3:54 pm

The U.S. service sector saw a strong expansion in May, reversing the decline from April. The ISM Services PMI rose to 53.8%, with significant increases in business activity and new orders. Stocks held gains, bond yields rose, and the U.S. dollar rallied.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 2:30 pm

The Market Clubhouse Morning Memo for June 5th, 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 considering price, volume, and options flow. Additionally, significant economic releases such as the ADP Non-Farm Employment Change, Bank of Canada's interest rate decision, S&P Global Services PMI, and ISM Services Index are expected to impact market volatility.

Portfolio Pulse from RIPS

June 05, 2024 | 2:23 pm

The U.S. private sector added 152,000 new jobs in May, falling short of expectations and signaling a potential cooling in the labor market. The ADP National Employment Report showed a decrease from April's 192,000 jobs and missed the market consensus of 173,000. The U.S. Dollar Index (DXY) inched up, while Treasury bond yields held steady. Futures on U.S. equity indices fell during premarket trading.

Portfolio Pulse from Piero Cingari

June 05, 2024 | 12:35 pm

U.S. stocks are set for a cautiously optimistic start on Wednesday, influenced by labor market data and service sector activity readings. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showed mixed premarket performance. Notable stock movements include Hewlett Packard Enterprise (HPE), CrowdStrike (CRWD), and Stitch Fix (SFIX) rising on earnings. Several companies are reporting quarterly results before and after the market open.

Portfolio Pulse from Shanthi Rexaline

June 05, 2024 | 11:24 am

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