Facebook And Regeneron Lead The Nasdaq Lower Tuesday

Facebook And Regeneron Lead The Nasdaq Lower Tuesday

U.S. indices were trading lower Tuesday after U.S. Treasury Secretary Janet Yellen called for business leaders across the country to pay higher taxes to compensate for President Biden's proposed infrastructure plan.

  • The SPDR Dow Jones Industrial Average ETF Trust DIA fell by 0.74% to $341.11.
  • The Invesco QQQ Trust Series 1 QQQ fell by 0.68% to $322.22.
  • The SPDR S&P 500 ETF Trust SPY finished lower by 0.86% to $411.94.

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

Top gainers for the Nasdaq Tuesday were Fox Corp Class B FOX, NetEase Inc NTES and JD.Com Inc JD

Facebook, Inc. FB, Regeneron Pharmaceuticals Inc REGN and Ross Stores, Inc. ROST were among the top losers in the QQQ Tuesday.

Elsewhere On The Street

Nio Inc NIO this week from New York Mellon Corporation’s U.S. investment bank. The bank purchased an additional 508,000 shares of the Chinese electric vehicle maker in the first quarter of 2021... Read More

Coinbase Global Inc COIN announced its plans to offer a $1.25 billion aggregate principal amount of Convertible Senior Notes due 2026 in a private offering to expand business operations... Read More

One company that has been a rollercoaster investment in the past year has been alternative energy stock FuelCell Energy Inc FCEL. FuelCell is a far cry from some of the fresh new alternative energy startup stocks that have collectively rallied over the past year... Read More

Posted In: Long IdeasNewsShort IdeasAfter-Hours CenterMarketsTrading Ideas