Apple Weighs on Nasdaq-100 ETF
April 11, 2011 at 12:56 PM EDT
Weakness in Apple shares contributed to a down day for PowerShares QQQ (NasdaqGM: QQQ) on Monday. The tech-heavy exchange traded fund (ETF) counts Apple as its top holding at over 20%, but the stock’s weighting in the Nasdaq-100 Index is set to decline. Apple shares were down more than 1% in...
