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

508.40

Mkt cap

202B

Volume

32M

High

514.33

P/E Ratio

41.88

52-wk high

514.33

Low

508.34

Div yield

0.01

52-wk low

369.57

Major stock indexes declined after Minneapolis Fed President Kashkari indicated that the Federal Reserve might not reduce interest rates if inflation persists at its current level.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 7:39 pm

U.S. equities, including the S&P 500 and Nasdaq 100, are on track for record closes, driven by a risk-on sentiment and anticipation of a slowing labor market. AI-related stocks and the 'Magnificent 7' led gains, while gold took a breather and Bitcoin rebounded. Notable movements were seen in ETFs like AIQ and MAGS, and stocks such as META, TSLA, FSLR, and ENPH. The SPDR S&P 500 ETF Trust, SPDR Dow Jones Industrial Average, and Invesco QQQ Trust also saw increases.

Portfolio Pulse from Piero Cingari

April 04, 2024 | 5:50 pm

The Market Clubhouse Morning Memo for April 4th, 2024, provides trading strategies for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It outlines potential bullish and bearish price levels for each asset, advising traders to monitor these stocks closely for breakouts or reversals. The memo also highlights the importance of upcoming economic data releases and Federal Reserve speakers, suggesting potential market volatility and advising caution in trading.

Portfolio Pulse from RIPS

April 04, 2024 | 5:35 pm

The Bureau of Labor Statistics is set to release the March jobs report, with ADP's data showing strong private sector employment growth. Economists predict a surge of 200,000 non-farm payrolls, a decline from the previous month but still robust. Strong job growth in specific sectors and cooling inflation are noted. Expectations of the Federal Reserve's monetary policy could shift based on the report's outcome, affecting Treasury yields, the dollar, and interest rate-sensitive sectors. The SPDR S&P 500 ETF Trust and Invesco QQQ Trust experienced declines following the previous jobs report.

Portfolio Pulse from Piero Cingari

April 04, 2024 | 3:54 pm

The article discusses aggressive buying in silver, influenced by Fed Chair Jerome Powell's dovish stance on interest rates. It highlights the positive sentiment in the market, with specific mention of iShares Silver Trust (SLV) breaking out of short-term resistance. Additionally, it covers early trade money flows in major tech stocks and ETFs, including AAPL, AMZN, META, MSFT, NVDA, TSLA, GOOG, SPY, and QQQ, with a focus on the impact of Powell's comments and economic data on market sentiment.

Portfolio Pulse from The Arora Report

April 04, 2024 | 3:48 pm

U.S. stocks are set for a positive open, with futures indicating gains across major indices despite Fed Chair Jerome Powell's hawkish stance on rate cuts. Analysts predict more market gains for the rest of the year, citing historical trends and current market optimism. The SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket gains. Analysts highlight potential for further gains, technical tailwinds, and advise buying the recent dip. Upcoming economic data and Fed speeches are anticipated.

Portfolio Pulse from Shanthi Rexaline

April 04, 2024 | 10:45 am

Wall Street rebounded as the ISM Services PMI indicated slower growth, easing overheating concerns. The ADP report showed strong job growth, and the dollar declined. Fed Chair Powell hinted at potential rate cuts. WTI crude and precious metals prices rose. Major indices and ETFs like SPY, DIA, and QQQ saw gains, with GE Aerospace rallying post-separation and Intel facing losses. Blue Owl Capital announced a significant acquisition, while Spotify plans to raise subscription prices. Ulta Beauty and peers faced declines due to competition and demand slowdown.

Portfolio Pulse from Piero Cingari

April 03, 2024 | 5:31 pm

Wall Street is increasingly recognizing the risks in the stock market, with a focus on the iShares 20+ Year Treasury Bond ETF (TLT) showing a downward trend, indicating rising market risk. Investors are looking towards a dovish stance from Powell to stabilize the market. ADP's employment data exceeded expectations, suggesting a strong jobs market. Early trading shows positive money flows in META, neutral in AAPL and MSFT, and negative in AMZN, GOOG, NVDA, TSLA, SPY, and QQQ. Silver and gold are seeing aggressive buying, with oil also up following a draw in crude inventories.

Portfolio Pulse from The Arora Report

April 03, 2024 | 3:53 pm

The Market Clubhouse Morning Memo for April 3rd, 2024, provides a trade strategy for SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula. It offers detailed analysis for each asset, including potential support and resistance levels, and highlights the importance of the ADP Non-Farm Employment Change and ISM Services Index releases, as well as speeches from Fed officials, in influencing market volatility.

Portfolio Pulse from RIPS

April 03, 2024 | 3:51 pm

Oil prices increased, while healthcare and technology stocks declined due to rising yields. The ETFs IYH, QQQ, XLK, and USO are directly impacted by these market movements.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:47 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.