U.S. Stock Market Update: U.S. stock futures rose on Wednesday following a mixed close on Tuesday, with major indices showing gains. The delayed jobs report indicated a rise in unemployment to 4.6%, leading to debates among economists about its implications for the economy.
Sector Performance: On Tuesday, the Information Technology, Consumer Discretionary, and Communication Services sectors saw gains, while other sectors like Energy and Health Care experienced declines. Notable stock movements included Lennar Corp. dropping 3.78% and Micron Technology rising 3.36%.
Analyst Insights: Analyst Jeremy Siegel predicts a supportive economic shift due to a dovish Federal Reserve, suggesting a potential end to quantitative tightening. He anticipates a market rotation beyond tech giants and a stable economic environment that avoids recession.
Global Market Trends: Asian markets closed mixed, with some indices rising while others fell. Crude oil and gold prices increased, and Bitcoin saw a slight rise. European markets opened higher, indicating a positive trend in global equity markets.
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.
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0 Sell
Current: 631.130
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Current: 631.130
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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.
