QQQ Stock Recent News

The S&P 500, Dow Jones Industrial Average (Dow), and Nasdaq Composite are all stock market indexes used to measure the performance of various aspects of the U.S. stock market.

The Fed kept key interest rates unchanged at 5.25%-5.50%. While the Fed ruled out the possibility of a rate hike going forward, it refrained from giving cues about a rate cut, due to sticky inflation and economic resilience.

With four months of 2024 in the books, a familiar theme remains in place. Large-cap equities continue beating small-caps.

The Invesco QQQ (QQQ) was launched on 03/10/1999, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

For the second week in a row, launches of new ETFs have been sluggish, to say the least. Granted, the five launches that took place this past week were more than the two that launched in the week ended April 19.

Meta Platforms' weak revenue guidance hit the stock and the broader tech sector badly. But strong long-term future of the tech sector, likely Fed rate cuts from late-2024 are tailwinds for the space.

Invesco has launched an ETF that excludes the top 100 names in the Nasdaq, providing exposure to the next generation of Nasdaq-listed non-financial companies. The ETF's top holdings include Super Micro Computer, Monolithic Power Systems, Tractor Supply, ICON, and eBay. The ETF has a sector composition that is primarily focused on technology, making up 41% of the fund, and it has underperformed compared to the Invesco QQQ Trust Nasdaq ETF.

On this week's episode of ETF Prime, host Nate Geraci was joined by VettaFi Chief Digital Product Officer Saleem Khan to discuss VettaFi's latest behavioral intelligence data for the month of March. Later, Geraci was joined by Chris Verrone, Strategas' head of technical & macro research, to talk about the Strategas Macro Momentum ETF (SAMM).

First-quarter earnings season ramps up in earnest this week. On the back of Tuesday's reports from Google parent Alphabet (GOOG) and Tesla (TSLA), some large-cap growth ETFs are likely to be under the earnings microscope in the days ahead.

Ahead of their Q1 2024 earnings, big tech stocks swung lower last week amid a broad market sell-off. In my view, soaring long-duration treasury yields and rightful concerns about liquidity drying up are driving this pullback. The technical setup for big tech stocks heading into Q1 looks bearish, and a failure to meet lofty investor expectations could lead to a deeper pullback in this frothy, overcrowded basket.