Picture it: You want to save for retirement, and you'd like to be invested in lots of huge and growing companies like Apple, Amazon.com, Microsoft, Google parent Alphabet, and Facebook. The Invesco QQQ Trust is an exchange-traded fund (ETF) -- a mutual fund-like security that trades throughout the day like a stock, and in which you can buy as little as one share.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to finish the week on a positive note on Friday. The Nasdaq has gotten a lot of attention lately because of its dramatic outperformance compared to other stock markets. Nasdaq investors are quite familiar with the Invesco QQQ ETF (NASDAQ: QQQ).
The Nasdaq was weighed down by a 10% slump in chipmaker Intel Corp after it reported a drop in margins as consumers bought cheaper laptops and pandemic-stricken businesses and governments clamped down on data center spending. White House Chief of Staff Mark Meadows said late on Thursday that negotiations with lawmakers on a coronavirus relief package, now totaling $1.9 trillion, have entered a new phase. "The stimulus talks are continuing so the market is happy about that even though we probably won't get anything done before the election," said Thomas Hayes, managing member at Great Hill Capital LLC in New York.