Market Overview: Wall Street experienced a significant downturn, with major indices like the Nasdaq 100 and S&P 500 falling due to a tech-led sell-off, while market volatility surged and Treasury yields rose.
Stock Performance: Rivian Automotive saw a notable increase in its stock price, while Broadcom and Oracle faced substantial declines, with Oracle's stock dropping nearly 17% over two days due to concerns over data center spending and delayed cash flow.
Commodities and Crypto: Commodities like silver and copper experienced declines, and the cryptocurrency market also suffered, with Bitcoin and Ethereum both falling in value.
ETF Movements: Various ETFs reflected the market's struggles, with the Vanguard S&P 500 ETF and Invesco QQQ Trust both declining, while the Consumer Staples Select Sector SPDR Fund showed slight gains.
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.
