Baidu And JD.com Lead The Nasdaq Higher Tuesday

Baidu And JD.com Lead The Nasdaq Higher Tuesday

U.S. indices had a mixed day of trading Tuesday as concerns over inflation and yields, as well as a rotation out of tech and software names, have continued to pressure stocks this year.

  • The Invesco QQQ Trust Series 1 QQQ finished lower by 0.33% to $332.82.
  • The SPDR Dow Jones Industrial Average ETF Trust DIA closed higher by 0.07% to $345.87.
  • The SPDR S&P 500 ETF Trust SPY finished lower by 0.09% to $419.67.

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

Baidu Inc ADR Class A BIDU, JD.Com Inc JD and Dollar Tree, Inc. DLTR were among the top leaders for the Nasdaq Friday.

Adobe Inc ADBE, Amgen, Inc. AMGN and Ross Stores, Inc. ROST were among the top losers in the QQQ.

Elsewhere On The Street

  • Johnson & Johnson JNJ will not be getting out of its obligation to pay up for losing a civil court case over its baby powder products that allegedly contained asbestos... Read More
  • One of the largest doughnut companies is returning to the public markets. Doughnut chain Krispy Kreme is planning an IPO where shares will trade under the ticker DNUT on the Nasdaq... Read More

  • Ford Motor Co. F gapped up May 27 after the company announced plans to boost its electrification and battery development efforts from $22 billion to $30 billion by 2025. Ford’s stock has since consolidated in a sideways pattern and created a daily bull flag between May 26 and Tuesday, June 1... Read More

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