ETF Trends
ETF Trends

Weakness in technology stocks caused PowerShares QQQ (NasdaqGM: QQQ) to lag the broader market Thursday with a 1% decline in the final hour of U.S. trading.

Netflix (NasdaqGS: NFLX) shares were down nearly 4% as investors questioned the company’s recent price increase. The leading tech stock is a component of the Nasdaq-100.

Another PowerShares QQQ holding, Google (NasdaqGS: GOOG), will report second quarter earnings after Thursday’s closing bell. The quarterly results are the first to reflect how Google is performing with co-founder Larry Page as CEO.

“We expect strong revenue growth due to market share gains in search, display and mobile. While expenses remain a wild card, we believe this is largely reflected in the stock,” said Benchmark Capital analyst Clayton Moran.

Wall Street analysts are expecting earnings of $7.86 a share on revenue of $6.5 billion, reports Joan E. Solsman for Wall Street Journal.

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