+ -0.01
+ 0%
+ 0.55
+ 0.32%

The QQQ, SPY And DIA All Soared Today. Here's Why.

April 15, 2021 4:48 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
The QQQ, SPY And DIA All Soared Today. Here's Why.

The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) had another impressive day of trading Thursday, the fund seeing gains of 1.52% and finishing higher at $341.61.

U.S. indices were trading higher following strong economic data, including retail sales and jobless claims, as well as better-than-expected bank earnings.

The SPDR S&P 500 ETF Trust (NASDAQ:SPY) jumped 1.07% to finish at an all-time closing high of $415.87. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) also had a very strong day, trading higher by 0.86% to finish at an all-time closing high of $340.44.

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

The leaders for the QQQ Thursday were predominantly from tech: NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX).

Nvidia shares were trading higher after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $700 to $750 per share.

Meanwhile, Baidu Inc (NASDAQ:BIDU), Walgreens Boots Alliance Inc (NASDAQ:WBA) and NetEase Inc (NASDAQ:NTES) were among the top losers in the QQQ.

Shares of Chinese stocks, like Baidu, were trading lower amid fears of monetary policy tightening along with U.S.-China tensions.

Elsewhere On The Street

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) are trading higher by 7% Thursday morning following a series of comments CEO Adam Aron made Wednesday on YouTube channel Trey Trades regarding the issuance of 500 million new shares… Read More

GameStop Corp. (NYSE:GME) Chief Executive Officer George Sherman, who is facing a potential ouster, has forfeited shares worth almost $98 million after he failed to meet his “stated performance target.”… Read More

Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM), the world’s largest contract chipmaker, on Wednesday reported a 19.4% rise in the first-quarter profit helped by strong demand for semiconductor chips from personal computers, smartphones and automobile sectors… Read More

Related Articles

3 Reddit Stocks That Could Make Big Moves Lower This Week

Popular Reddit stocks SOS Limited (NYSE: SOS), AMC Entertainment Holdings, Inc. (NYSE: AMC), and NIO Inc. (NYSE: NIO) are trading at import read more

AMC Entertainment Must Hold This Key Resistance Level

AMC Entertainment Holdings Inc (NYSE: AMC) was thrown into the GameStop Corporation (NYSE: GME) controversy at the end of January and has since entered into a long consolidation pattern. read more

Why Cramer Isn't A Fan Of Buffett's Advice To Retail Investors On Not Owning Individual Stocks

CNBC host Jim Cramer has rejected Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) chairman Warren Buffett’s advice to new retail investors to invest in index funds rather than individual stocks. read more

Boeing, Microsoft Fall In Another Mixed Day Of Trading For The Market

U.S. indices were trading relatively flat again Wednesday after the Fed left interest rates unchanged. Comments from Fed leadership suggest even as the economy continues to improve, easy monetary policy may stay in effect. read more