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.
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.
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
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