ETF Trends
ETF Trends

The PowerShares QQQ (NasdaqGM: QQQ) managed to tread water Wednesday afternoon despite weakness in components Broadcom (NasdaqGS: BRCM) and Cisco Systems (NasdaqGS: CSCO).

Broadcom and Cisco were among the most actively traded stocks on the Nasdaq.

Broadcom shares dropped more than 10% after the semiconductor firm was out with a second-quarter revenue outlook that disappointed investors.

Meanwhile, Cisco was among the worst performers in the Dow with a loss of more than 1% in recent trading.

PowerShares QQQ


The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.