Nasdaq Stages Epic Intraday Recovery After Russia Invades Ukraine; Adobe, Moderna Lead Boost

U.S. indices finished higher as stocks sharply rebounded after falling following the Russian invasion of Ukraine.

  • The Nasdaq composite finished higher by 3.34% to 13,473; The Invesco QQQ Trust Series 1 QQQ gained 3.36% to $340.49
  • The S&P 500 traded higher by 1.50% to 4,288; The SPDR S&P 500 ETF Trust SPY gained 1.50% to $428.30
  • The Dow Jones composite traded higher by 0.79% to 11,179; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 0.25% to $332.34

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

Moderna Inc MRNA, Crowdstrike Holdings Inc CRWD and Adobe Inc ADBE were among the top gainers for the QQQ.

Booking Holdings Inc BKNG, Keurig Dr Pepper Inc KDP and Pinduoduo Inc - ADR PDD were among the top losers for the Nasdaq.

Elsewhere On The Street

U.S. President Joe Biden offered a second round of economic sanctions on Russia aimed primarily at the nation’s banking industry. But the president acknowledged his first round of sanctions unveiled Wednesday and his repeated threats to enact financial hardship on Russia have yet to make an impact on President Vladimir Putin’s decision to invade Ukraine… Read More

Russia's invasion of Ukraine and resulting sanctions on Russia are putting pressure on several sectors including commodities. Two precious metals that could be affected by the global crisis are palladium and platinum… Read More

Nikola Corp NKLA was seeing a strong green day Thursday and is headed back toward a channel it once traded in. Support was previously found near the $9 level but could hold as resistance now as the stock is trading below the level… Read More

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