The QQQ Rallied Today. Here's Why.

The Invesco QQQ Trust Series 1 QQQ hit an intraday high of $320.74 before ending the day up by 1.88% at $318.61.

Strength for the index was found in several key tech names as yields fell Monday, names who’d otherwise been faltering amid 10-year yields hitting a 14-month high of 1.75% last Friday. 

The SPDR S&P 500 ETF Trust SPY closed higher by 0.80% at $392.59. The SPDR Dow Jones Industrial Average ETF Trust DIA also finished the day higher by 0.38% at $327.24.

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

Some of the strongest names for the QQQ today were Tesla Inc TSLA, NVIDIA Corporation NVDA and Intel Corporation INTC.

Shares of several tech companies at-large traded higher Monday amid a rebound in the sector as Treasury yields fell during Monday’s trading session. Tesla shares traded higher after Ark Funds announced a new $3,000 price target on the stock.

There were few laggards today for the QQQ index but among them were Marriott International Inc MAR and Ross Stores, Inc. ROST. 

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