ETF Trends
ETF Trends

An exchange traded fund tracking the Nasdaq-100 Index was down nearly 2% in Monday’s sell-off as concerns over Eurozone debt stalked U.S. equities.

Top holdings Microsoft (NasdaqGS: MSFT) and Intel (NasdaqGS: INTC) both slipped more than 1%.

Technically, PowerShares QQQ (NasdaqGM: QQQ) has been struggling at a key level as it tries to retrace losses going all the way to the dot-com bust. [Market Looks for Direction in Apple, Nasdaq]

The Nasdaq-100 ETF was up 6.2% year to date through May 20, according to investment researcher Morningstar.

“Investors craving a large helping of large-cap growth stocks with a strong tilt toward the technology sector can consider PowerShares QQQ, which is one of the four most actively traded ETFs on the market,” analyst Robert Goldsborough writes in a profile of the fund.

PowerShares QQQ

The opinions and forecasts expressed herein are solely those of Tom Lydon, 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.