The QQQQ stock erases early losses and posted healthy gains after the latest FOMC meeting minutes indicated that the Fed raised its 2010 GDP forecast to 3.2% from 3.0%. The dollar recovered losses against the euro. Hewlett-Packard beat estimates, lifted guidance. Investors responded positively to the results. The shares rose about 1%, in after-hours trading. QQQQ implied volatility plunged as market optimism prevailed.
Thursday, February 18, 2010
Extending gains
The QQQQ stock erases early losses and posted healthy gains after the latest FOMC meeting minutes indicated that the Fed raised its 2010 GDP forecast to 3.2% from 3.0%. The dollar recovered losses against the euro. Hewlett-Packard beat estimates, lifted guidance. Investors responded positively to the results. The shares rose about 1%, in after-hours trading. QQQQ implied volatility plunged as market optimism prevailed.
