PayPal And Facebook Lead The Nasdaq Lower Wednesday

U.S. indices were trading lower Wednesday afternoon after the Federal Reserve held rates constant but raised its inflation expectations for 2021-2023.

  • The Invesco QQQ Trust Series 1 QQQ was down by 0.37% to $341.01
  • The SPDR Dow Jones Industrial Average ETF Trust DIA fell by 0.56% to $422.11
  • The SPDR S&P 500 ETF Trust SPY lost 0.77% to $340.76

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

JD.Com Inc JD, Amazon.com, Inc. AMZN and Tesla Inc TSLA traded relative to their Nasdaq peers Wednesday.

Paypal Holdings Inc PYPL, Facebook, Inc. Common Stock FB and Sirius XM Holdings Inc SIRI were among the top losers in the QQQ.

Elsewhere On The Street

The 2021 surge in steel prices has once again prompted Bank of America to raise its earnings outlook for U.S. steel stocks… Read More

General Motors Co GM announced a sizable increase to its commitment to electric vehicles Wednesday… Read More

After sobering down in the past three sessions, shares of Danish biopharma Orphazyme ORPH have taken off yet again… Read More

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