Netease And AMD Soar As The QQQ Finishes Higher Wednesday

U.S. indices were trading higher going into the close Wednesday after the Federal Reserve left rates unchanged and said the economy continues to show strength, with inflation being transitory. U.S. infrastructure optimism has also lifted sentiment.

  • The Invesco QQQ Trust Series 1 QQQ finished higher by 0.38% to $365.83
  • The SPDR Dow Jones Industrial Average ETF Trust DIA fell by 0.36% to $349.36
  • The SPDR S&P 500 ETF Trust SPY finished lower by 0.04% to $438.83

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

NetEase Inc NTES, JD.Com Inc JD and Advanced Micro Devices, Inc. AMD were among the top gainers for the Nasdaq.

Sirius XM Holdings Inc SIRI, Starbucks Corporation SBUX and Mondelez MDLZ were among the top losers for the QQQ.

Elsewhere On The Street

Apple, Inc. AAPL reported solid quarterly results Tuesday, with strength evident across the board. Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target for Apple shares… Read More

AMC Entertainment Holdings Inc. AMC shares traded higher Wednesday after retail traders were able to push the stock higher… Read More
During the week of a highly anticipated IPO expected to value the company in the $35 billion range, Robinhood Markets Inc. HOOD is facing yet another in a long string of controversies surrounding its trading app… Read More

Posted In: NewsAfter-Hours CenterMarkets