U.S. indices finished lower Wednesday as investors continue to weigh the Federal Reserve tapering outlook, inflation concerns and the Russia-Ukraine war. Oil prices have also gained, which has pressured economic sentiment.
- The Nasdaq composite finished higher by 1.95% to 14,108; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) gained 1.97% to $356.96
- The S&P 500 traded lower by 1.23% to 4,456; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) lost 1.29% to $443.80
- The Dow Jones composite finished lower by 1.24% to 11,839; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 1.36% at $343.41
Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.
Hess Corp. (NYSE:HES), Marathon Oil Corporation (NYSE:MRO) and Baker Hughes Co (NASDAQ:BKR) were among the top gainers for the SPY Wednesday.
Charles River Laboratories Intl. Inc (NYSE:CRL), ResMed Inc. (NYSE:RMD) and Adobe Inc (NASDAQ:ADBE) were among the top losers for the S&P 500.
Elsewhere On The Street
Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk tweeted a week back that he's working on the EV maker's "Master Plan part 3," and subsequently shared some sketchy details about what could go into the plan… Read More
The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. Unfortunately, a flattening or negative yield curve can be a very negative indicator for the economy… Read More
Ethereum Classic (CRYPTO: ETC) has gained significantly since 2022 began. The coin has appreciated 34.6% since the year began while Ethereum (CRYPTO: ETH) has fallen 21.33%... Read More
