Apple Drags on Nasdaq-100 ETF After Earnings Miss
October 19, 2011 at 08:46 AM EDT
The closely watched PowerShares QQQ (NasdaqGM: QQQ) was lower Wednesday as top holding Apple (NasdaqGS: AAPL) weighed on the exchange traded fund after a rare earnings miss. The Nasdaq-100 ETF was down 0.7% in premarket trading. Apple, which accounts for 15% of the portfolio, slipped about 5% to...
