Tesla, Qualcomm Plummet, Lead QQQ Sharply Lower Monday

The Nasdaq and companies in the broader technology sector were trading lower Monday amid profit-taking and overall weakness in the sector. Here’s how the major U.S. indices fared on the day:

• The Invesco QQQ Trust Series 1 QQQ fell by 2.53% to $325.76.
• The SPDR S&P 500 ETF Trust SPY also closed lower by 0.99% at $417.94.
• The SPDR Dow Jones Industrial Average ETF Trust DIA finished a touch lower by 0.04% at $347.74.

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

Monday gainers for the Nasdaq were found in e-commerce, pharmaceuticals and consumer staples: eBay Inc EBAY, Regeneron Pharmaceuticals Inc REGN and Walgreens Boots Alliance Inc WBA.

Meanwhile, Tesla Inc TSLA, QUALCOMM, Inc. QCOM and Micron Technology, Inc. MU were among the most hammered names in the tech-heavy QQQ.

Shares of EV and EV-related stocks at large were trading lower Monday amid weakness in Workhorse Group Inc WKHS. Workhorse fell after reporting a net loss and lower-than-expected sales, while it also lowered its 2021 production target.

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