The QQQ, SPY And DIA All Soared Today. Here's Why.

The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) had another impressive day of trading Thursday, the fund seeing gains of 1.52% and finishing higher at $341.61.

U.S. indices were trading higher following strong economic data, including retail sales and jobless claims, as well as better-than-expected bank earnings.

The SPDR S&P 500 ETF Trust (NASDAQ:SPY) jumped 1.07% to finish at an all-time closing high of $415.87. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) also had a very strong day, trading higher by 0.86% to finish at an all-time closing high of $340.44.

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

The leaders for the QQQ Thursday were predominantly from tech: NVIDIA Corporation (NASDAQ:NVDA), Advanced Micro Devices, Inc. (NASDAQ:AMD) and Xilinx, Inc. (NASDAQ:XLNX).

Nvidia shares were trading higher after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $700 to $750 per share.

Meanwhile, Baidu Inc (NASDAQ:BIDU), Walgreens Boots Alliance Inc (NASDAQ:WBA) and NetEase Inc (NASDAQ:NTES) were among the top losers in the QQQ.

Shares of Chinese stocks, like Baidu, were trading lower amid fears of monetary policy tightening along with U.S.-China tensions.

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