U.S. indices traded higher as stocks rebounded following Tuesday's dip, with stocks experiencing continued volatility amid the Russia-Ukraine conflict. The conflict has weighed on global economic sentiment but lifted oil prices amid supply concerns.
- The Nasdaq composite finished higher by 1.70% to 14,243; The Invesco QQQ Trust Series 1 QQQ gained 1.68% to $347.22
- The S&P 500 traded higher by 1.86% to 4,386; The SPDR S&P 500 ETF Trust SPY gained 1.84% to $437.89
- The Dow Jones composite traded higher by 1.95% to 11,509; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 1.73% to $339.00
Here are the day's winners and losers from the Nasdaq, according to data from Benzinga Pro.
Micron Technology, Inc. MU, Lululemon Athletica Inc LULU and Advanced Micro Devices, Inc. AMD were among the top gainers for the QQQ Wednesday.
Pinduoduo Inc - ADR PDD, Docusign Inc DOCU and JD.Com Inc JD were among the top losers for the Nasdaq.
Elsewhere On The Street
After weeks of speculation, Ford Motor Company F confirmed it is taking steps to unlock the value of its EV business and improve operational efficiency, while also scaling EV manufacturing… Read More
Nordstrom Inc. JWN shares were trading higher Wednesday after the company reported better-than-expected fourth-quarter EPS and sales results… Read More
The SPY traded sharply higher on Wednesday after Federal Reserve chair Jerome Powell testified in front of Congress… Read More
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