Markets Set New All-Time Closing Highs. Here's Why.

The Invesco QQQ Trust Series 1 QQQ had an impressive day of trading Thursday with the fund seeing gains of 1.04% finishing at $335.08.

Major indices were trading higher amid a rebound in tech stocks. Additionally, Federal Reserve minutes from the central bank’s March meeting indicated current monetary policies would remain in place until certain economic conditions improve.

The SPDR S&P 500 ETF Trust SPY reached an all-time high of $408.57 before finishing higher by 0.47% at $408.49. The SPDR Dow Jones Industrial Average ETF Trust DIA also finished higher by 0.23% at $335.13.

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

The leaders for the QQQ Thursday were from tech and growth names: Paypal Holdings Inc PYPL, Intuit Inc. INTU and Align Technology, Inc. ALGN

Vertex Pharmaceuticals VRTX, Cintas Corporation CTAS and Walgreens Boots Alliance Inc WBA were among the top laggards for the Nasdaq Thursday. 

Elsewhere On The Street

  • Thursday brought some big news for GameStop Corp. GME shareholders in the form of another corporate leadership refresh. The gaming retailer announced its nominating six individuals, including Chewy Inc co-founder and activist investor Ryan Cohen, to stand for election to its Board of Directors… Read More
  • Palantir Technologies Inc PLTR co-founder Peter Thiel made headlines with comments he made at a virtual event for members of the Richard Nixon Foundation on Wednesday. Thiel wondered if Bitcoin BTC/USD should be thought of as a "Chinese financial weapon" against the U.S. at this point… Read More
  • Square Inc SQ announced a grant of nearly $100,000 to two pseudonymous developers for their work on the Bitcoin block explorer Mempool.space… Read More
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