SPY Finishes Lower Wednesday Despite Gains From Target, AMD

U.S. indices were trading lower Wednesday amid continued weakness in tech stocks as investors weigh the Fed's April minutes. Inflation and concerns of future rate hikes have weighed on investor sentiment recently.

  • The SPDR S&P 500 ETF Trust SPY fell by 0.26% to $410.86.
  • The Invesco QQQ Trust Series 1 QQQ closed higher by 0.11% at $322.59.
  • The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 0.49% at $339.44.

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

Top gainers for the SPY Wednesday included Enphase Energy Inc ENPH, Target Corporation TGT and Advanced Micro Devices, Inc. AMD.

Target shares were trading higher after the company reported better-than-expected first-quarter EPS and sales results.

Progressive Corp PGR, CarMax, Inc KMX and Under Armour Inc Class A UAA were among names in the SPY that experienced the biggest setbacks Wednesday.

Elsewhere On The Street

Home improvement retailer Home Depot Inc HD reported first-quarter earnings that showed strength in many areas. Analysts sized up the earnings in recent updates and included several price target increases… Read More

Facebook Inc FB plans to monetize its live online sports leagues broadcasting games via a pay-per-view option instead of a subscription-based model to join the likes of HBO, Showtime WWE, and mixed martial arts company UFC… Read More

Technology stocks have had a tough couple of weeks, but that could be about to change. Many of them are getting close to or are at levels that may offer support. These include Microsoft Corporation MSFT, Intel Corporation INTC and Walt Disney Co DIS... Read More

Posted In: Long IdeasNewsBroad U.S. Equity ETFsShort IdeasAfter-Hours CenterMarketsMoversTrading IdeasETFs

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