U.S. indices were trading lower Friday despite recent strong earnings from large U.S. companies. Weakness appears related to profit-taking following April’s marked strength in stocks.
- The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) finished lower by 0.48% at $338.94.
- The Invesco QQQ Trust Series 1 (NASDAQ: QQQ) also finished lower by 0.66% at $337.99.
- The SPDR S&P 500 ETF Trust (NASDAQ: SPY) closed lower by 0.66% at $417.30.
Here are the day’s winners and losers from the DIA, according to data from Benzinga Pro.
There were few leaders for the Dow Jones, but among them were in biotech and pharmaceuticals: Amgen, Inc. (NASDAQ: AMGN), Merck & Co., Inc. (NYSE: MRK) and Walgreens Boots Alliance Inc (NASDAQ: WBA).
Meanwhile, Chevron Corporation (NYSE: CVX), Intel Corporation (NASDAQ: INTC) and Apple Inc (NASDAQ: AAPL) were among the biggest losers for the Dow Jones.
Chevron shares were trading lower after the company reported inline first-quarter EPS results.
Elsewhere On The Street
Chinese electric vehicle maker Nio Inc.’s (NYSE: NIO) CEO William Li believes EV brands that gain market share by “constantly lowering” prices will only hurt their own brand image, cnEVpost reported Thursday… Read More
MicroStrategy (NASDAQ: MSTR) reported a sharp increase in revenue as its CEO announced that the firm expects to buy more Bitcoin (CRYPTO: BTC) but could also sell some in the future… Read More
It looks like Ethereum (CRYPTO:ETH) will continue to consolidate in the near term. Securities tend to make rapid and large moves higher after they break resistance levels… Read More
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