News about QQQ

U.S. stock index futures rose overnight ahead of Monday after a rough week, as investors looked to Big Tech earnings to restore momentum amid fears of an AI bubble. As of 11:30 p.m. ET, S&P 500 futures were up 0.8%, Nasdaq futures rose more than 1%, and Dow futures gained 0.5%. Last week the Nasdaq Composite fell nearly 4.5% and the S&P 500 dropped 1.95%, their worst weeks since early June, while the Dow rose 0.67% for its second straight weekly gain. Netflix, SpaceX, Tesla and Meta report this week, with Meta expected to post EPS of $6.58 on revenue of $63.34 billion. Oil eased, with Brent falling nearly 1.9% to $107.88 a barrel, while retail sentiment on Stocktwits was neutral on QQQ and bearish on SPY and DIA.

Global markets rallied on Monday as stronger-than-expected China data and lower oil prices revived risk appetite. Bitcoin traded near $82,500, Nasdaq futures rose more than 1%, Japan's Nikkei gained 1.8% and South Korea's Kospi 0.6%, rebounding from last week's AI-related tech losses. China's GDP grew 4.5% year on year in the third quarter, faster than 4.3% in the second quarter, and retail sales rose 1.1%, above the 0.5% expected. Oil fell on both sides of the Atlantic, gold was little changed near $4,180, and the Federal Reserve is expected to hold rates in the 4.75% to 5% range this month.

A broad sell-off in technology stocks pushed Wall Street lower, with the S&P 500 down 1.1% and the Nasdaq down 2.1%, leaving the S&P 500 about 2% lower for the week and erasing last week's record gains. Chipmakers including Micron, AMD, Broadcom and Intel led the declines amid doubts about how long the AI spending boom can last, as tech giants that rely on debt may struggle to keep borrowing while bond yields climb. The 10-year Treasury yield eased to 5.09% but had topped 5.30% earlier this month, its highest since 2002, and traders now see a 74.3% chance of a Fed rate hike in December, up from 50.2% a month ago. Brent crude jumped 3.7% to $109.86 a barrel as the Iran war continues without a U.S.-Iran deal. The Australian sharemarket was set to edge lower, with futures pointing to a loss of 11 points (0.1%).

A broad sell-off in tech stocks pushed Wall Street lower, with the S&P 500 down 1.1% and the Nasdaq down 2.1%, marking the market's worst week since late June. Chipmakers including Micron, AMD, Broadcom and Intel fell as investors questioned how long the AI spending boom could last, while Netflix dropped 2.9% after a management change. The 10-year Treasury yield eased to 5.09% from 5.10%, after touching its highest level since 2002 earlier this month, and traders put the odds of a Fed rate hike in December at 74.3%. Brent crude jumped 3.7% to $US109.86 a barrel amid the Iran war and Strait of Hormuz supply concerns. The ASX was set to open slightly lower.

Wall Street's AI rally faces a test as investors await earnings from Meta, Tesla, chipmakers Lam Research and Texas Instruments, and SpaceX. Recent declines in AI, chip and hardware stocks such as Dell Technologies have raised doubts about whether the rally can continue. LSEG IBES data show S&P 500 earnings are expected to rise more than 30% in the third quarter, but investors want proof that heavy AI spending will pay off. Goldman Sachs expects five hyperscalers to lift combined capital spending to around $1.2 trillion next year. The S&P 500 posted its biggest weekly fall since June but remained only about 2% below its record high.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite have hit several record closing highs over the past four years, driven by AI infrastructure spending, record-breaking IPOs and better-than-expected earnings. The article highlights outstanding margin debt, reported monthly by FINRA, as a measure of investor risk-taking, since borrowing can magnify both gains and losses. Since 1997, margin debt has surged at least 65% over a short period four times, and the three earlier episodes preceded major bear markets, including the dot-com crash, the financial crisis and the 2022 downturn. From April 2025 to June 2026, margin debt rose 77% to an all-time high of $1.502 trillion, which the article says could foreshadow trouble for stocks, though long-term investors have historically benefited.

The article notes the US stock market has rallied for roughly four years, with the Dow Jones, S&P 500 and Nasdaq posting several record closes, driven by AI infrastructure spending, record IPOs and better-than-expected earnings. It focuses on outstanding margin debt, the money investors borrow from brokers to buy or short-sell securities, which FINRA reports monthly as a gauge of risk-taking. Since 1997, margin debt has jumped at least 65% over a short period four times, and the previous three were followed by major bear markets, including the dot-com crash, the financial crisis and the 2022 downturn. The latest episode, from April 2025 to June 2026, lifted margin debt 77% to a record 1.502 trillion USD. While the article warns of short-term risks, it also notes stocks have historically delivered higher average annual returns than other asset classes, so long-term investors may view the picture differently.

Many AI-leading stocks are pulling back after three years of strong gains, as investors worry about rising data-center funding costs and weaker-than-expected future demand. The iShares Semiconductor ETF is down more than 20% from its June peak and is in bear territory, weighing on the Nasdaq-100 and S&P 500. The author highlights two non-semiconductor AI stocks: Datadog (DDOG), whose revenue growth accelerated to 36% in Q2 and whose 2026 revenue forecast was raised by $140 million to $4.46 billion, though its P/S of 24.3 is well above its three-year average of 17.7. Palo Alto Networks (PANW) reported next-generation security ARR of $9 billion, up 63%, and targets $20 billion by fiscal 2030.

U.S. stocks have climbed for most of the past four years, with the Dow Jones, S&P 500 and Nasdaq Composite repeatedly hitting record closes, driven by AI infrastructure spending, record IPOs and better-than-expected earnings. The article highlights outstanding margin debt, the money investors borrow from brokers to buy or short-sell securities, as a telling gauge of risk appetite, reported monthly by FINRA. Since 1997, margin debt has risen by at least 65% over a short period four times, and the previous three spikes preceded major bear markets, with the S&P 500 down 49% by October 2002 and 57% by March 2009. The latest spike, from April 2025 to June 2026, lifted margin debt 77% to a record $1.502 trillion, which the article says is a warning sign for stocks in the short term. Still, it notes that over the long run, stocks have historically delivered considerably higher average annual returns than bonds, commodities and real estate.

AI stocks had a brutal start to October: the Roundhill Neocloud ETF (NCLD) fell 31%, the iShares Semiconductor ETF (SOXX) dropped 13%, and the Defiance AI and Power Infrastructure ETF (AIPO) lost 14%. Rising borrowing costs, investor concern over neocloud leverage, and hot inflation readings that pushed bond yields near two-decade highs drove the sell-off. Baird's Ross Mayfield is overweighting healthcare, financials and energy as hedges, while still adding to hyperscalers and power infrastructure. Travis Prentice of Infomed Momentum favors agentic AI cybersecurity names like CrowdStrike, Okta and Palo Alto Networks, plus AI adopters such as MetLife and Visa. AllianceBernstein's James Russo is pivoting to quality stocks that don't rely on external borrowing, including larger hyperscalers, and chipmakers with durable competitive advantages.