The Nasdaq-100 trailed Friday’s move higher in stocks as declines in top holdings Research in Motion (NasdaqGS: RIMM), Apple (NasdaqGS: AAPL) and Cisco (NasdaqGS: CSCO) weighed on a popular exchange traded fund tracking the tech-heavy index.
PowerShares (NasdaqGM: QQQ) pared its opening gains Friday morning to trade around the flat line.
Research in Motion (NasdaqGS: RIMM) slashed its full-year outlook after Thursday’s closing bell. The stock was down more than 20% at last check. [Tech ETFs Brace for Trouble from Research in Motion]
Apple shares slipped again as the tech giant tried to hold at its 200-day moving average. [Nasdaq ETF Skids as Apple Pierces 200-Day Average]
Another top ETF component, Cisco, lost 1% on Friday. It accounts for 3.4% of the Nasdaq-100 fund while Apple is the top holding at 12.3% of assets.
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