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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 minutes from the May FOMC meeting indicate a prolonged period of high interest rates, countering earlier dovish signals from Fed Chair Jerome Powell. Key points include the persistence of inflation, the effectiveness of current policy, and the potential for further tightening. Financial experts highlight the impact on market fluctuations and the challenges faced by the Fed. Major indices closed lower, and the dollar gained ground.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 8:05 pm

US Indices are trading lower following the release of Fed Minutes that showed participants assessed that it would take longer than expected to move to 2% inflation.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:41 pm

The latest Federal Open Market Committee (FOMC) minutes reveal that the disinflation process is expected to take longer than previously thought, leading to the likelihood of maintaining high interest rates for an extended period. This has resulted in cautious market reactions, with slight increases in Treasury yields and a stronger U.S. dollar, while major stock indices and ETFs experienced losses.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 6:22 pm

Wall Street experienced a cautious session ahead of the Federal Reserve meeting minutes and Nvidia's earnings announcement. The Nasdaq 100 slightly outperformed, while small caps and major indices saw declines. Solar and clean energy stocks surged due to trade tariff modifications, with First Solar hitting record highs. Metals fell, natural gas rallied, and oil prices eased. Key stock movers included Tesla, TJX Companies, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 5:02 pm

Nvidia's upcoming earnings report is crucial for the AI sector and the broader stock market. Analog Devices reported better-than-expected earnings, while Target missed expectations. Early trade shows mixed money flows among major tech stocks and ETFs. UK inflation data disappointed, affecting market sentiment.

Portfolio Pulse from The Arora Report

May 22, 2024 | 4:07 pm

The Market Clubhouse Morning Memo for May 22nd, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential bullish and bearish targets for each asset. Additionally, it highlights the day's economic events, including the MBA Mortgage Application numbers, a speech from a Federal Reserve member, Existing Home Sales data, a 20-Year Bond Auction, and the FOMC Meeting Minutes. NVIDIA's earnings report, scheduled for release after market close, is expected to cause significant volatility.

Portfolio Pulse from RIPS

May 22, 2024 | 3:12 pm

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 1:17 pm

Wall Street is expected to have a subdued start ahead of Nvidia's earnings report and the release of the Fed minutes. Index futures are trading lower, with the SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) showing minor changes in premarket trading. Analysts are cautious about over-exuberance despite recent market gains. Viasat fell 11% and Urban Outfitters gained 6.50% in premarket trading following their earnings reports. Other notable companies reporting include Analog Devices, PDD Holdings, TJX Companies, Williams-Sonoma, Target, Vipshop, Snowflake, Synopsys, V.F. Corporation, and Zuora.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 11:21 am

Nvidia Corp. (NASDAQ: NVDA) is set to release its Q1 earnings report, with high expectations from investors. Analysts have mixed views on the potential impact of the upcoming Blackwell GPU platform and competition from companies like AMD, Amazon, and Alphabet. Despite potential short-term challenges, long-term growth prospects remain strong.

Portfolio Pulse from Shanthi Rexaline

May 22, 2024 | 10:14 am

Ray Dalio, founder of Bridgewater Associates, warns of a potential civil war in the U.S. driven by political polarization, wealth inequality, and external conflicts. He estimates a 40% chance of such a conflict, which could significantly impact broad market ETFs like SPY, IVV, VOO, VTI, and QQQ.

Portfolio Pulse from Surbhi Jain

May 21, 2024 | 4:36 pm

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