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.
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 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
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