The QQQ, SPY And DIA All Fell Today. Here's Why.
U.S. indices traded lower Monday amid weakness in tech stocks and potential profit-taking in financials.
The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) traded as low as $336.90 before closing lower by 0.92% at $338.88. The SPDR S&P 500 ETF Trust (NASDAQ:SPY) fell by 0.49% to finish at $415.21. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) also finished lower by 0.32% at $340.75.
While the major indices fell, meme cryptocurrency Dogecoin (CRYPTO: DOGE) is trading higher by 20% at $0.39 over the past 24 hours.
Here are the day's winners and losers from the QQQ, according to data from Benzinga Pro.
Shares of Netflix were trading higher Monday in anticipation of Tuesday’s earnings report.
Tesla shares were trading lower after a driverless car accident that killed two passengers, as well as a decline in the price of Bitcoin which Tesla holds in its corporate treasury.
Nvidia shares were trading lower following a report that the U.K. government would intervene in Nvidia's planned acquisition of British semiconductor company Arm Holdings.
Elsewhere On The Street
- The Dogecoin rally in 2021 so far means that a $1,000 investment at the start of the year would pretty much enable a holder to now buy a Tesla Model S. Yet, while the meme cryptocurrency is hounding all the attention, there are others that are far outpacing its year-to-date gains… Read More
- Apple Inc. (NASDAQ:AAPL) has disclosed it pays music-rights holders a penny per stream. Apple Music revealed this through an open letter it sent to artists to keep them informed about royalties… Read More
- Cathie Wood-led Ark Investment Management believes Silvergate Capital Corp will benefit from increased crypto adoption and investors likely sold the stock last week to raise funds and buy Coinbase Global Inc on its Nasdaq debut last week… Read More
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