/Facebook And Qualcomm Lead The QQQ Higher Thursday – Benzinga

Facebook And Qualcomm Lead The QQQ Higher Thursday – Benzinga


U.S. indices were trading higher Thursday following strong earnings results from Apple and Facebook while investors also weighed comments from President Biden’s address to Congress. Also, the Fed announced on Wednesday it would leave interest rates unchanged.

  • The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) finished higher by 0.36% at $340.22.
  • The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 0.65% at $340.57.
  • The SPDR S&P 500 ETF Trust (NASDAQ:SPY) closed higher by 0.64% at $420.06.

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

Leaders for the QQQ Thursday were from tech and consumer staples: Facebook (NASDAQ:FB), QUALCOMM, Inc. (NASDAQ:QCOM) and Starbucks Corporation (NASDAQ:SBUX).

Facebook shares were trading higher after the company reported better-than-expected first-quarter EPS and sales results. The company also reported average daily active users of 1.88 billion, up 8% year over year.

Qualcomm shares were trading higher after the company reported better-than-expected second-quarter EPS and sales results and issued third-quarter EPS guidance above estimates.

eBay Inc (NASDAQ:EBAY), Tesla Inc (NASDAQ:TSLA) and Baidu Inc ADR (NASDAQ:BIDU) were among the most hammered names for the Nasdaq.

eBay shares were trading lower after the company issued second-quarter EPS guidance below estimates.

Elsewhere On The Street

Don’t count on shares of MicroVision, Inc. (NASDAQ:MVIS) revisiting their recent highs anytime soon. Following an epic reversal on Tuesday, they closed down Wednesday… Read More

The German Federal Financial Supervisory Authority (BaFin) is scrutinizing the listing of tokenized Tesla Inc. (NASDAQ: TSLA) shares on the world’s top cryptocurrency exchange Binance… Read More

After a deadly car crash involving a Tesla Model S in Texas, many media outlets reported that the car had no driver at the time of the crash, and suggested Tesla… Read More

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