U.S. indices finished mixed Friday to conclude the trading week. Oil prices gained during Friday's session, which has continued to pressure economic sentiment.
The S&P 500 traded higher for the second week in a row and has now more than erased its initial losses following the Russian invasion of Ukraine.
- The Nasdaq composite finished lower by 0.16% to 14,169; The Invesco QQQ Trust Series 1 QQQ finished flat at $359.45
- The S&P 500 traded higher by 0.51% to 4,543; The SPDR S&P 500 ETF Trust SPY gained 0.48% to $452.63
- The Dow Jones composite finished higher by 0.57% to 12,016; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 0.41% at $348.47
In a speech to the National Association for Business Economics on Monday, U.S. Federal Reserve Chair Jerome Powell said "inflation is much too high" and the Fed is prepared to take a more aggressive approach to monetary policy tightening if necessary.
Powell said he and other Fed members are willing to raise interest rates by "more than 25 basis points" at a time if appropriate.
Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.
DexCom, Inc. DXCM, Exelon Corporation EXC and Intuitive Surgical, Inc. ISRG were among the top gainers for the QQQ Friday.
Moderna Inc MRNA, MercadoLibre Inc MELI and DocuSign Inc DOCU were among the top losers for the Nasdaq-100.
Elsewhere On The Street
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Only one noteworthy earnings report came after the close on Thursday, and it was from Nio Inc. NIO. The corresponding price action in the electric vehicle stock before and after the report make it the PreMarket Prep Stock of the Day… Read More
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