The Nasdaq Soared Today. Here's Why.

The Invesco QQQ Trust Series 1 QQQ traded between $323 and $325 for a vast majority of trading Thursday before finishing the day higher by 1.7% at $324.57 ahead of the long weekend.

U.S. indices were trading higher following President Biden's infrastructure proposal as well as a rebound in tech stocks.

The SPDR S&P 500 ETF Trust SPY hit an intraday all-time high of $400.67 in the final minutes of trading before finishing higher by 1.36% at $400.61. The Dow Jones Industrial Average ETF Trust DIA finished slightly higher by 0.38% at $331.45. 

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

Tech and semiconductor companies Micron Technology, Inc. MU, QUALCOMM, Inc. QCOM and Lam Research Corporation LRCX were among notable leaders for the QQQ. 

Micron was trading higher after the company reported better-than-expected second-quarter EPS and sales results and issued third-quarter EPS and sales guidance above estimates.

Meanwhile, Tesla Inc TSLA, Vertex Pharmaceuticals Incorporated VRTX and PACCAR Inc PCAR were among the few companies in the QQQ that finished lower by day’s end.

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