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


Benzinga | Apr 7, 2021 04:25PM EDT

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 Amazon.com, 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







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