What the hell is QQQ? From TD ameritrade news

posted 3 years ago by T-Rex32 3 years ago by T-Rex32 +10 / -0

TD Ameritrade U.S. indices were trading lower Thursday amid concerns the economic recovery is slowing. Growing concerns over the COVID-19 Delta variant have also weighed on sentiment amid a rise in cases in some U.S. states and a state of emergency declared in Japan.

The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) lost 0.6% to $358.77 The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) lost 0.73% to $344.38 The SPDR S&P 500 ETF Trust (NASDAQ: SPY) fell 0.81% to $430.92 Here are the day's winners and losers from the QQQ, according to data from Benzinga Pro.

Biogen Inc (NASDAQ: BIIB), Amazon.com, Inc. (NASDAQ: AMZN) and Align Technology, Inc. (NASDAQ: ALGN) were among the top gainers for the Nasdaq Thursday.

CSX Corporation (NASDAQ: CSX), Baidu Inc ADR Class A (NASDAQ: BIDU) and NVIDIA Corporation (NASDAQ: NVDA) were among the top losers for the QQQ.

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– TwistedTrees 3 points 3 years ago +3 / -0

I like indexes, so I mostly buy QQQ when I play the market. QQQ is an ETF (Exchange Traded Fund) holding the Nasdaq 100 stocks. You can buy an individual Nasdaq stock, or a Mutual Fund which holds the Nasdaq 100 stocks. Difference is that a Mutual Fund "settles" at the end of trading/day, at whatever the "closing" value is, so you can't buy/sell during the day, you're stuck with the closing value. An ETF acts more like a stock, and you can buy/sell throughout the day, at whatever the market value is at that moment.

Thought it was a nice coincidence when Q came into our lives, and here I am buying the Q's.