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The Nasdaq Eked Out A Win Today. Here's Why.

The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) finished slightly higher Wednesday, with the index seeing gains of 0.24% and closing at $331.62. 

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

The leaders for the Nasdaq were in large part from the major tech and e-commerce names Facebook, Inc. (NASDAQ: FB), NVIDIA Corporation (NASDAQ: NVDA) and, Inc. (NASDAQ: AMZN).

Meanwhile, Tesla Inc (NASDAQ: TSLA), JD.Com Inc (NASDAQ: JD) and Baidu Inc (NASDAQ: BIDU) were among the top losers in the QQQ.

Tesla shares were trading lower Wednesday on reports the company is delaying deliveries of new Model S and Model X electric vehicles.

In terms of the other major indices, the SPDR S&P 500 ETF Trust (NASDAQ: SPY) finished slightly higher by 0.12% at $406.59. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) finished flat at $334.37.

Elsewhere On The Street

  • One company that has been a solid investment in the last year has been professional software and cloud services giant Microsoft Corporation (NASDAQ: MSFT). Fortunately for Microsoft investors, the COVID-19 pandemic actually boosted demand for Microsoft’s cloud services, remote work professional software and video game hardware and services… Read More
  • CNBC’s Jim Cramer has lauded gaming retailer GameStop Corp. (NASDAQ: GME) and movie theatre chain AMC Entertainment Holdings Inc. (NYSE: AMC) for their plans to sell more shares, saying that issuing shares is the “right move” in the long term… Read More
  • Close on the heels of reporting record quarterly deliveries, NIO Limited (NYSE: NIO) confirmed a major production milestone. Nio said Wednesday its 100,000th mass-produced vehicle rolled out of the production line at the JAC-Nio Hefei advanced manufacturing center… Read More

© 2021 Benzinga does not provide investment advice. All rights reserved.

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