Oracle Set to Pressure Nasdaq ETF After Bounce
June 23, 2011 at 17:18 PM EDT
A dramatic reversal in the Nasdaq-100 on Thursday carried PowerShares QQQ (NasdaqGM: QQQ) to a gain but top holding Oracle (NasdaqGS: ORCL) fell 5% after hours following its earnings report. The Nasdaq exchange traded fund closed with a nearly 1% advance for the session thanks to a late-day bounce...
