Nasdaq tumbles more than 2%

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November 12, 2018 1:33pm NASDAQ:QQQ

From Mark DeCambre: The Nasdaq Composite Index early Monday was the worst performer among the three main U.S. benchmarks


The Nasdaq Composite Index early Monday was the worst performer among the three main U.S. benchmarks, with its drop putting the index on track to close at its lowest level in about two weeks. The Nasdaq COMP, -2.42% was down 1.7% at 7,280. A close there would mark the technology and internet-related index’s lowest level since Oct. 30 when it finished at 7,161.65, according to FactSet data. A sharp decline in shares of Apple Inc. AAPL, -4.21% was weighing on the broader market, including the market-capitalization S&P 500 SPX, -1.59% and the price-weighted Dow Jones Industrial Average DJIA, -1.87%


The Invesco QQQ Trust Series I (QQQ) was trading at $167.42 per share on Monday afternoon, down $4.10 (-2.39%). Year-to-date, QQQ has gained 7.66%, versus a 3.11% rise in the benchmark S&P 500 index during the same period.

QQQ currently has an ETF Daily News SMART Grade of A (Strong Buy), and is ranked #1 of 41 ETFs in the Large Cap Growth ETFs category.


This article is brought to you courtesy of MarketWatch.


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