+ 3.10
+ 0.94%
+ 2.57
+ 0.74%
+ 3.36
+ 0.8%
+ 1.51
+ 0.89%

The DIA Rallied Today. Here's Why.

April 16, 2021 4:39 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
The DIA Rallied Today. Here's Why.

The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished at another all-time high Friday as the index gained 0.45% and closed at $341.86.

U.S. indices traded higher following strong economic data reported earlier this week, including retail sales and jobless claims, as well as better-than-expected bank earnings.

The SPDR S&P 500 ETF Trust (NASDAQ:SPY) also closed at an all-time high, seeing gains of 0.33% at $417.26. The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) finished slightly higher by 0.12% at $342.01.

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

Many leaders for the DIA Friday were from the likes of consumer staples, with Home Depot Inc (NYSE:HD), Verizon Communications Inc. (NYSE:VZ) and Cisco Systems Inc (NASDAQ:CSCO) leading the way.

Cisco Systems shares are trading higher after Wolfe Research upgraded the stock from Peer Perform to Outperform and announced a price target of $63 per share.

On the flip side Boeing Co (NYSE:BA), salesforce.com, inc. (NYSE:CRM) and Intel Corporation (NASDAQ:INTC) were among the biggest laggards for the Dow Jones.

Elsewhere On The Street

Tesla Inc (NASDAQ:TSLA) has staged an impressive rally over the past week as investors think it will benefit from the $2 trillion infrastructure bill, as well as a potential Green New Deal. But the stock may have become overextended… Read More

AMC Entertainment Holdings Inc. (NYSE:AMC) CEO Adam Aron said that the movie theatre chain is once again “under attack” from short sellers after having avoided bankruptcy during the COVID-19 pandemic, Bloomberg reported. In an interview with social-media finance commentator Trey Collins, Aron said that the volume of short sales… Read More 

The intensifying electric vehicle space has forced industry participants to revamp and innovate on the product pipeline front and also announce superior and user-friendly service offerings. EV giant Tesla is fighting it out with domestic players in the Chinese EV market, which is expected to see exponential growth in the years ahead… Read More

Related Articles

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

Will AMC Or Dogecoin Grow More By 2022?

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. read more