Baidu, JD.com Lead Nasdaq Higher Tuesday – PowerShares QQQ Trust (QQQ)
U.S. indices had a mixed trading day on Tuesday as concerns about inflation and returns, along with a rotation of technology and software names, continued to put pressure on stocks this year.
- the Invesco Trust QQQ Series 1 (NASDAQ: QQQ) finished down 0.33% at $ 332.82.
- the SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) closed up 0.07% at $ 345.87.
- the SPDR S&P 500 ETF Trust (NASDAQ: SPY) ended down 0.09% at $ 419.67.
Here are the winners and losers of the day of QQQ, according to data from Benzinga Pro.
Baidu Inc ADR Class A (NASDAQ: BIDU), JD.Com Inc (NASDAQ: JD) and Dollar Tree, Inc. (NASDAQ: DLTR) were among the top Nasdaq leaders on Friday.
Adobe inc (NASDAQ: ADBE), Amgen, Inc. (NASDAQ: AMGN) and Ross Stores, Inc. (NASDAQ: ROST) were among the top losers in QQQ.
Elsewhere in the street
- Johnson & johnson (NYSE: JNJ) will not evade its obligation to pay for losing a civil lawsuit over its baby powder products that allegedly contained asbestos … Read more
One of the biggest donut companies is returning to the public markets. Donut chain Krispy kreme foresees an IPO where the shares will be traded under the symbol DNUT on the Nasdaq… Read more
Ford Motor Co. (NYSE: F) rose on May 27 after the company plans announced to increase its electrification and battery development efforts from $ 22 billion to $ 30 billion by 2025. Ford’s stock has since consolidated sideways and created a daily bullish flag between the 26th. May and Tuesday June 1 … Read more
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