The Nasdaq Fell Today. Here's Why

Benzinga2021-03-31

The Invesco QQQ Trust Series 1QQQ traded as low as $311.54 Tuesday before ending the day down by 0.5% at $314.32. Weakness for the Nasdaq was seen in the tech and semiconductor space, which were among the most hammered sectors for the index.

Major U.S. indices overall were trading lower Tuesday as a rise in treasury yields continues to pressure stocks and weighs heavily on the tech sector.

TheSPDR S&P 500 ETF TrustSPYfell by 0.27% at $394.73. TheSPDR Dow Jones Industrial Average ETF TrustDIAfinished lower by 0.25% at $330.82.

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

The leaders were in industrials and consumer staples, specificallyCaterpillar Inc.CAT,Home Depot IncHD 0.07%andBoeing CoBA 0.01%.

The QQQ saw took some of its biggest setbacks from tech and semiconductor names. The biggest laggards Tuesday included the likes ofMicrosoft CorporationMSFT,Intel CorporationINTCandCisco Systems Inc CSCO.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Alexi5
2021-03-31
Alexi5
:/
Sap
2021-03-31
Sap
All baseles reasons
- Sap:
  Done
- jun26:
  comment
AmosTeo
2021-03-31
AmosTeo
Like comment
- AmosTeo:
  Yes

Leave a comment

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