Invesco is launching a new Nasdaq ETF to capitalize on the tech craze

In the ETF space, success begets success.



a tall building in a city: A view of NASDAQ in Times Square during the coronavirus pandemic on May 7, 2020 in New York City.


© Provided by CNBC
A view of NASDAQ in Times Square during the coronavirus pandemic on May 7, 2020 in New York City.

Just look at what Invesco is doing today. They’re launching a new product, the NASDAQ Next Gen 100 ETF (QQQJ).

It might more appropriately be called the Nasdaq 100 Junior Varsity list.

The Invesco QQQ Trust (QQQ) started tracking the NASDAQ-100 Index in 1999. Since then, it’s become the fifth-largest ETF listed in the U.S., with $135 billion in assets under management.

Now Invesco is looking to capitalize on the interest in technology and growth stocks by offering a new “junior” QQQ.

Video: Jim Cramer: Another rally where stocks go up on nothing (CNBC)

Jim Cramer: Another rally where stocks go up on nothing

UP NEXT

UP NEXT

Any why not? QQQ is up nearly 40% this year. Shares

Read More

Nasdaq Women in Technology: Niharika Sharma, Senior Software Engineer, Nasdaq’s Machine Intelligence Lab

Women in Tech: Niharika Sharma

Niharika Sharma is a Senior Software Engineer for Nasdaq’s Machine Intelligence Lab. She designs systems that gather, process and apply machine learning/natural language processing technologies on natural language data, generating valuable insights to support business decisions. Over the past years, she worked on Natural Language Generation (NLG) and Surveillance Automation for Nasdaq Advisory Services. We sat down with Niharika to learn more about how she got her start in computer science and how she approaches challenges in her career.

Can you describe your day-to-day as a senior software engineer at Nasdaq?

My day-to-day work involves collaborating with Data Scientists to solve problems, ideating business possibilities with product teams and working with Data/Software Engineers to transform ideas into solutions.

How did you become involved in the technology industry, and how has technology influenced your role?

My first exposure to Computer Science was a Logo programming class that I took as a

Read More

Nasdaq’s Technology of the Future Conference: A Conversation with Nasdaq President and CEO Adena Friedman

Nasdaq’s biennial Technology of the Future (ToF) conference, now in its 17th (and first virtual) edition, brings together Nasdaq’s global Market Technology customer community, to discuss how marketplace operators can evolve their businesses and embrace emerging technologies as they look to advance their capital market ecosystems.

As part of the conference, Lars Ottersgård, EVP and Head of Market Technology spoke with Nasdaq’s President and CEO Adena Friedman on the state of technology in the capital markets in 2020.

An abridged version of their conversation is what follows.

These past months coping with a global pandemic have changed the economic outlook and everyday life for people across the globe. We have seen extreme market conditions while managing new work from home realities. In terms of the unusual market conditions, how has Nasdaq as a market operator and a technology partner handled the market volatility and the technology resiliency challenges

Read More

Better Buy: Apple Stock or the Entire Nasdaq?

The tech-heavy Nasdaq Composite has been the top-performing major index amid the challenges created by the coronavirus and economic uncertainty this year. 

^IXIC Chart

Data by YCharts

The index’s performance is similarly impressive if you zoom further out: The Nasdaq climbed roughly 370% over the last decade while the S&P 500 index rose 195%, and the Dow Jones Industrial Average is up 157.5%. Meanwhile, shares of tech giant Apple (NASDAQ:AAPL) have soared by roughly 1,000% across the same stretch. 

Apple now stands as the biggest company in the Nasdaq and the largest U.S. company, with a market capitalization of roughly $2 trillion even after a recent pullback. Those strong performances from both the tech sector and its largest company raise the question: Should investors buy into Apple stock or an index fund that includes many of the technology industry’s most influential players?

A person looking at graphs and chart lines.

Image source: Getty images.

The basics of owning an index

Read More

NetworkNewsBreaks – Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) Achieves Direct Increase in Sales Through Live-Event Content

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (NetworkNewsWire via COMTEX) —
Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality (“AR”) interactive entertainment games, toys and educational materials in China, today announced solid initial results from the direct-to-consumer (“DTC”) partnership with Xiamen Xing Meng Wei Lai Culture Media Co. LTD (” Xing Meng Wei Lai “). Xing Meng Wei Lai is a leading Chinese multi-channel network and internet content development agency that specializes in building DTC social content marketing through live streaming and short videos. After the two-month implementation period, Blue Hat held several live shows displaying its interactive software and products, attracting an aggregate total audience of over 50,000 consumers. “We have placed a renewed focus on leveraging new technologies and mobile purchasing trends to strengthen Blue Hat’s marketing initiatives. To date, we

Read More

Nasdaq rises on tech boost as economic recovery cools

(Reuters) – The Nasdaq led gains on Wall Street on Thursday as investors returned to technology-related stocks, while a surprise rise in weekly jobless claims signaled that more fiscal support would be necessary to avoid another round of mass layoffs and furloughs.

FILE PHOTO: A worker cleans the floor of the New York Stock Exchange (NYSE) , U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo

Nine of the 11 major S&P indexes were trading higher, with information technology among the biggest gainers.

Tech heavyweights Apple Inc, Amazon.com Inc, Netflix Inc, Nvidia Corp and Facebook Inc, which tend to outperform at a time of increased economic uncertainty, rose between 1.0% and 2.6%.

Waning hopes of more stimulus, signs of choppy economic growth and a sell-off in technology-related names have weighed on U.S. stocks this month.

The S&P 500 briefly fell 10% below its intraday record high hit

Read More

Corsair Discusses IPO, Nasdaq Listing, Growth And Gaming Market

Gaming hardware company Corsair (Nasdaq:CRSR) is now Nasdaq listed, having raised $238 million by offering 14 million shares at $17, a month after filing for an Initial Public Offering. It’s an interesting time for gamers, with the pandemic seeing increased sales as more people spend additional time at home, while gaming itself is a growth area across most platforms, including the PC.

I caught up with Corsair’s director of worldwide PR, Harry Butler to get his take on Corsair’s listed status, its view of the gaming market and plans for growth.

Antony: Corsair was looking to go public a while ago – what changed to get over the finishing line this time?

Harry: Several things and firstly it was the involvement of venture capitalists a few years ago through our partners at EagleTree who saw the potential

Read More

Tech rout drags Nasdaq, S&P 500 to lowest in at least 6 weeks; Dow slides nearly 1%

Stocks tumbled on Friday, closing out a rocky week on a down note as big tech stocks extended a weeklong sell-off — dragging all of Wall Street lower in spite of encouraging developments in the economy.

Loading...

Load Error

In recent sessions, high profile names like Amazon (AMZN), Facebook (FB) and Apple (AAPL) have slumped sharply after hitting record highs. The sector’s rout led the Nasdaq to its worst levels since July 31, and Friday saw the bellwether shed nearly 2% intraday. Meanwhile, the S&P logged losses that pushed it to a six week low. All three of the major market indexes have fallen for three weeks straight.

Apple, which wowed the market with its bundle of new service-oriented products this week, suffered its third consecutive week of declines — the first time that’s happened since May 2019, and is now down over 20% from its all time high.

Price action

Read More