Invesco S&P 500 Momentum ETF

Invesco's QQQ ETF is set to change its operational structure from a unit investment trust to an open-ended ETF, potentially increasing revenue by four basis points. TD Cowen sees this as a game-changing event and upgraded the stock to buy.

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Wall Street experienced a cautious trading day with mixed earnings results, potential EU trade tariffs, and ongoing market uncertainty. The S&P 500 remained near 6,300, while tech-heavy indexes showed minimal movement.

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