ETF Outlook for Thursday, April 17, 2014
PowerShares QQQ (NYSE: QQQ)
After the bell Wednesday, Google (NASDAQ: GOOG) reported earnings that disappointed investors. IBM (NYSE: IBM) was also trading lower after their quarterly numbers were released.
With Google being the number three holding in QQQ and IBM likely to drag down related technology stocks the ETF will be fighting its way to the breakeven level all day.
This comes one day after QQQ closed with a gain of 1.3 percent at the highest level of the session. Today’s action could be volatile heading into a three-day weekend.
Global X Lithium ETF (NYSE: LIT)
An announcement from the government that it will provide up to $4 billion in green energy support the battery makers and related solar stocks rallied. LIT ...
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