Moderna And PayPal Lead The QQQ Lower

U.S. indices were trading lower Wednesday as stocks pull back following August strength. Investors continue to watch for signs of a Fed taper and weigh the COVID-19 Delta variant’s impact on the economy.

  • The SPDR S&P 500 ETF Trust SPY lost 0.11% to $450.96
  • The Invesco QQQ Trust Series 1 QQQ fell 0.35% to $380.77
  • The SPDR Dow Jones Industrial Average ETF Trust DIA fell 0.2% to $350.72

Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.

Align Technology, Inc. ALGN, Activision Blizzard, Inc. ATVI and Starbucks Corporation SBUX were among the top gainers for the Nasdaq-100 Wednesday.

Moderna Inc MRNA, Paypal Holdings Inc PYPL and NetEase Inc NTES were among the top losers for the Nasdaq-100.

Elsewhere On The Street

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Bank of America has updated its S&P 500 price target for year-end 2021 and released its brand new year-end target for 2022. Unfortunately, the firm’s new estimates paint an extremely conservative picture of the next 16 months… Read More

Coca-Cola Co KO shares were trading higher Wednesday as the stock continues to trade up along the higher low trendline. Coca-Cola stock has traded along a higher low trendline for years and is continuously able to break its resistance levels… Read More

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