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The QQQ Rallied Today. Here's Why.

May 13, 2021 4:43 pm
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The QQQ Rallied Today. Here's Why.

U.S. indices traded higher Thursday as stocks rebound following a heavy sell-off earlier in the week. Stocks fell on Wednesday amid concerns of inflation and a rise in yields.

  • The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) traded higher by 0.77% at $319.34.
  • The SPDR S&P 500 ETF Trust (NASDAQ: SPY) finished higher by 1.2% at $410.28.
  • The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) closed higher by 1.32% at $340.45.

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

Among the top leaders for the Nasdaq were QUALCOMM, Inc. (NASDAQ:QCOM), Marriott International Inc (NASDAQ:MAR) and Paychex, Inc. (NASDAQ:PAYX). 

Tesla Inc (NASDAQ:TSLA), JD.Com Inc (NASDAQ:JD) and Baidu Inc ADR Class A (NASDAQ:BIDU) were among the biggest laggards for the Nasdaq.

Elsewhere On The Street

AMC Entertainment Holdings Inc. (NYSE:AMC) is moving up Thursday as traders try to squeeze the stock higher… Read More 

The demand for sports cards surged during the COVID-19 pandemic and has continued into 2021, making it hard for retailers to keep up with demand. One of the largest American retailers is halting in-store purchasing… Read More

One company that has been a rollercoaster investment in the past year has been dry bulk shipper Castor Maritime Inc (NASDAQ:CTRM) Dry bulk shipping stocks have been brutal investments over the past decade, and Castor Maritime is no exception… Read More

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