The Market Was Mixed Today. Here's Why.

The Invesco QQQ Trust Series 1 QQQ faced marked weakness Wednesday due to an intraday tech sell-off, falling as low as $335.82 before finishing lower by 1.2% at $336.51.

The SPDR S&P 500 ETF Trust SPY also fell Wednesday, down 0.34% at $411.45 for the day. The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 0.22% at $337.53.

The Dow Jones was trading higher following better-than-expected bank earnings Wednesday morning.

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

Among the leaders for the QQQ were names in investment banking and reopening: Goldman Sachs Group Inc GS, Travelers Companies Inc TRV and Walt Disney Co DIS.

Some of the top gainers in the QQQ Tuesday became the top laggards Wednesday: Intel Corporation INTC, Apple Inc AAPL and Microsoft Corporation MSFT all fell Wednesday.

Elsewhere On The Street

  • On Monday, Tesla Inc TSLA broke bullish from two chart patterns and skyrocketed up over 12% by the end of Tuesday’s trading day. Nio Inc NIO has lagged behind its larger competitor but on Wednesday was able to make a bullish break north.... Read More
  • Disney is poised to benefit from an uptick in amusement park attendance in the fiscal second quarter, with initial indicators suggesting robust travel to the state of Florida, according to BofA Securities… Read More
  • One company that has been a great investment in the last year has been Canadian cannabis producer Tilray Inc TLRY. Tilray battled a difficult Canadian cannabis market throughout 2020… Read More
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