Markets Rise Following Drop In Oil Prices

Zinger Key Points
  • Marvell Technology, Mercadolibre and JD.Com were among the top gainers for the QQQ Tuesday.
  • Moderna and Baidu were the only losers for the Nasdaq-100.

U.S. indices finished higher Tuesday following a lighter-than-expected PPI report and a drop in oil prices, which helped ease some inflation concerns. Investors continue to watch Russia-Ukraine developments and await Wednesday’s Fed decision.

  • The Nasdaq composite finished higher by 2.04% to 12,581; The Invesco QQQ Trust Series 1 QQQ gained 1.92% to $318.17
  • The S&P 500 traded higher by 0.74% to 4,173; The SPDR S&P 500 ETF Trust SPY gained 0.72% to $417.06
  • The Dow Jones composite finished higher by 0.22% to 11,307; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher at $330.07

Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.

Marvell Technology Inc MRVL, Mercadolibre Inc MELI and JD.Com Inc JD were among the top gainers for the QQQ Tuesday.

Moderna Inc MRNA and Baidu Inc BIDU were the only losers for the Nasdaq-100.

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