Markets Pare Early Losses As Musk-Twitter Agree On Buyout Deal

U.S. indices pared early losses and closed higher Monday.

Markets were trading lower to start the session as stocks continued to fall after the Fed last week indicated it may move more quickly on rate hikes to combat inflation. China’s COVID-19 outbreak has also added to global macro uncertainty.

  • The Nasdaq composite finished lower by 1.99% to 13,720; The Invesco QQQ Trust Series 1 QQQ lost 2.07% to $334.15
  • The S&P 500 traded lower by 1.48% to 4,393; The SPDR S&P 500 ETF Trust SPY lost 1.50% to $438.06
  • The Dow Jones composite finished lower by 0.87% to 11,866; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 1.09% at $347.71

Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.

Moderna Inc MRNA, Match Group Inc MTCH and Mercadolibre Inc MELI were among the only gainers for the QQQ Monday.

Netflix Inc NFLX, ASML Holding NV ASML and Illumina, Inc. ILMN were among the top losers for the Nasdaq-100.

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