AMD And Amazon Gain As The QQQ Soared Today. Here's Why.

U.S. indices were trading higher Monday amid reopening optimism after Dr. Anthony Fauci said on CNBC he expects the U.S. to reach a turning point in the coronavirus pandemic within a few weeks if the current pace of vaccinations holds.

• The Invesco QQQ Trust Series 1 QQQ finished higher by 0.65% at $341.63.
• The SPDR S&P 500 ETF Trust SPY closed higher by 0.21% at $417.61.
• The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 0.16% at $339.87. 

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

Leaders for the QQQ were from names in semiconductors and tech: Advanced Micro Devices, Inc. AMD, QUALCOMM, Inc. QCOM and Amazon.com, Inc. AMZN.

Shares of several semiconductor companies were trading higher on continued momentum amid reports of price hikes from chipmakers led by the recent chip shortage. Strength is also potentially in anticipation of several companies in the sector reporting earnings this week.

Rumors of a stock split in 2021 for Amazon sent shares higher by 2.04%.

Starbucks Corporation SBUX, Baidu Inc BIDU and Monster Beverage Corp MNST were among the top losers the QQQ.

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