The S&P 500 Soared Today. Here's Why.

The SPDR S&P 500 ETF Trust SPY reached a high of $406.94 Monday before closing an impressive day of trading higher by 1.44% at $406.36.

U.S. indices at-large were trading higher following a strong jobs report. Infrastructure plans and continued COVID-19 vaccinations have also lifted market sentiment.

The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 1.13% at $335.20. The Invesco QQQ Trust Series 1 QQQ closed higher by 2% at $331.05.

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

The gainers were abundant for the SPY and came from some of the most popular reopening trades in travel and entertainment: Norwegian Cruise Line Holdings Ltd NCLH, MGM Resorts International MGM and Carnival Corp CCL. 

MGM shares were trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and announced a price target of $45 per share.

The biggest laggards for the SPY included the likes of Marathon Oil Corporation MRO Occidental Petroleum Corporation OXY and Enphase Energy Inc ENPH.

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