The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) 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.
Here are the day’s winners and losers from the QQQ, according to data from Benzinga Pro.
The QQQ saw took some of its biggest setbacks from tech and semiconductor names. The biggest laggards Tuesday included the likes of Microsoft Corporation (NASDAQ: MSFT), Intel Corporation (NASDAQ: INTC) and Cisco Systems Inc (NASDAQ: CSCO).
Elsewhere On The Street
- Investors who have owned stocks in the past year have generally experienced some big gains. But there is no question some big-name stocks performed better than others along the way. One company that has been a great investment in the past year has been movie theater giant AMC Entertainment Holdings Inc (NYSE: AMC)… Read More
- U.S. tech firms like Apple Inc (NASDAQ: TSLA) and Tesla Inc (NASDAQ: TSLA) and others — mainly listed on the Nasdaq, could be caught in the crossfire between Beijing and Washington D.C., according to Wedbush analyst Daniel Ives… Read More
- Chinese electric vehicle maker Nio (NYSE: NIO) has agreed to partner with German retail giant Metro AG to construct electric vehicle charging stations and battery swap stations, cnEVpost reported Monday… Read More
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