U.S. indices traded lower Thursday on reports President Biden will propose a capital gains tax for the wealthy of up to 43.4%, which is higher than the previous proposal of 39.5%.
- TheInvesco QQQ Trust Series 1(NASDAQ:QQQ) fell by 1.21% at $335.20.
- TheSPDR S&P 500 ETF Trust(NASDAQ:SPY) closed lower by 0.91% at $412.27.
- TheSPDR Dow Jones Industrial Average ETF Trust(NASDAQ:DIA) finished lower by 0.93% at $338.12.
Here are the day's winners and losers from the QQQ, according to data fromBenzinga Pro.
Gainers for the QQQ were few and far between:NetEase Inc(NASDAQ:NTES),Marriott International Inc(NASDAQ:MAR) andIllumina, Inc.(NASDAQ:ILMN) were among the only names positive for the day.
Micron Technology, Inc.(NASDAQ:MU),NVIDIA Corporation(NASDAQ:NVDA) andTesla Inc(NASDAQ:TSLA) were a few of the notable laggards for the QQQ.
Tesla shares were trading lower after U.S. senators voiced concern over possible emerging safety concerns related to Tesla products. Weakness is also due to an overall market dip.
Elsewhere On The Street
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Walt Disney Co (NYSE:AMC) andSony Group Corporation’s(NYSE:SNE) Sony Pictures Entertainment said they have entered into a multi-year content licensing deal that will give Disney U.S. streaming and television rights for “Spider-Man” and other…
Chinese electric vehicle makerNio Inc.’s(NYSE:NIO) CEO William Li thinks Tesla is the biggest beneficiary of Chinese regulations. Li told the BBC the U.S. electric vehicle maker has been the biggest beneficiary of the Chinese government’s efforts to spur development…
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