QQQ ETF Gains Amid Rate Cut Speculation
BTCCSquare news:
The Invesco QQQ ETF ROSE 0.62% on Tuesday, extending gains as major indices rallied for a second consecutive day during the Thanksgiving holiday week. Market sentiment improved on growing expectations of a December rate cut.
In pre-market trading Wednesday, QQQ advanced another 0.25%, building on momentum. Year-to-date, the ETF is up 19%, though it has seen only marginal gains (0.04%) over the past five sessions.
TipRanks data highlights QQQ's holdings with the most upside potential, including MSTR, TTD, TEAM, AXON, and CHTR. Conversely, TSLA, REGN, WBD, AMGN, and GOOGL show the greatest downside risk.
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