Tech Stock Selloff: Investors sold off tech and AI-linked stocks, leading to a significant decline in the Nasdaq 100 and semiconductor ETFs, with notable drops in companies like Nvidia and Oracle.
Sector Performance: The semiconductor sector experienced its worst stretch since April, with chipmakers falling 9% over four days, while energy stocks like the Energy Select Sector SPDR Fund showed some resilience.
Precious Metals Rally: Silver prices surged over 4%, reaching $66.50 an ounce, while gold also rose, inching closer to its October record high, indicating a shift in investor interest towards precious metals.
Market Indices Overview: Major US indices, including the Dow Jones and S&P 500, experienced slight declines, reflecting a fragile risk appetite in the market, with Bitcoin also down 1.2%.
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 620.760
Low
Averages
High
Current: 620.760
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
