fbpx
QQQ
-6.98
332.29
-2.15%
DIA
-4.13
347.01
-1.2%
SPY
-6.15
420.43
-1.48%
TLT
-1.40
138.44
-1.02%
GLD
-1.51
173.63
-0.88%

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

April 21, 2021 4:26 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
The SPY, QQQ And DIA All Bounced Back Today. Here's Why.

U.S. indices were trading higher across the board Wednesday as stocks rebounded following recent selloffs.

  • The SPDR S&P 500 ETF Trust (NASDAQ:SPY) closed higher by 0.95% at $416.07.
  • The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) also finished higher by 0.86% at $339.29.
  • The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 0.94% at $341.30.

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

Leaders for the SPY were from reopening and a 5G plays: Norwegian Cruise Line Holdings Ltd (NYSE:NCLH), Carnival Corp (NYSE:CCL) and DISH Network Corp (NASDAQ:DISH).

Norwegian Cruise Line shares were trading higher after Goldman Sachs upgraded the stock from Neutral to Buy and raised its price target from $27 to $37 per share. Carnival shares were trading higher after Goldman Sachs raised its price target on the stock from $21 to $26.

DISH Network shares were trading higher after the company selected AWS as a preferred cloud provider to build a cloud-based, 5G Open Radio Access Network.

Netflix Inc (NASDAQ:NFLX), Oracle Corporation (NASDAQ:ORCL) and Halliburton Company (NYSE:HAL) were among the most hammered names.

Netflix shares were trading lower after the company issued second-quarter sales guidance below estimates. The company also reported it finished Q1 with 208 million paid memberships, up 14% year over year but below the company forecast of 210 million.

Oracle shares were trading lower after DZ Bank downgraded the stock from Buy to Hold and announced a price target of $80 per share.

Elsewhere On The Street

Major U.S. crypto exchange Coinbase Global Inc. (NASDAQ:COIN) opened the waitlist for earning staking rewards through Ethereum (CRYPTO: ETH) 2.0 staking… Read More

In the first quarter of 2021, Tesla Inc (NASDAQ:TSLA) set a delivery record of 184,800 vehicles. If Tesla delivers this amount of vehicles every quarter, the company should already look at an impressive year with close to 740,000 deliveries… Read More

Messaging platform Discord Inc has ended acquisition talks with Microsoft Corporation (NASDAQ:MSFT) as it plans to stay independent and chase a potential initial public offering, The Wall Street Journal reported… Read More


Related Articles

Why Are Cruise Line Stocks Trading Lower Today?

Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) shares are trading lower after the company reported worse-than-expected first-quarter sales results. read more

So What's Up With American Airlines, Carnival And Royal Caribbean?

American Airlines Group Inc (NASDAQ: AAL) shares are trading higher by 1.5% Friday morning after Raymond James upgraded the stock from Underperform to Market Perform. read more

Here's Why Carnival And Royal Caribbean Are Moving

Carnival Corp (NYSE: CCL) shares are trading higher by 5% at $27.02 after Goldman Sachs raised its price target on the stock from $21 to $26. read more

Here's Why Carnival, Norwegian Cruise Line, United Airlines, American Airlines Are Lower

Shares of several airline and cruise stocks, including Carnival Corp (NYSE: CCL), Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), United Airlines Holdings Inc (NASDAQ: read more