Wall Street stocks struggled to advance on Monday, as the Federal Reserve's "higher for longer" interest rate strategy continued to pile on pressure as a US government shutdown loomed.
The Invesco QQQ Trust (NASDAQ: QQQ) is one of the most popular exchange-traded funds (ETFs) on the market with just under $200 billion in assets under management. While the Invesco QQQ is a great ETF that could play an important role in any portfolio, there is a similar ETF that I would consider first -- the Fidelity MSCI Information Technology ETF (NYSEMKT: FTEC). There are a few things about this Fidelity fund that make it stand out above the rest.
Stocks ended the week lower after selling off amid the prospect of prolonged high interest rates.