SPY424.31+0.70 0.17%
DIA345.12+0.14 0.04%
IXIC14,069.42+49.09 0.35%

The SPY Was Down Today. Here's Why.

U.S. indices traded lower Tuesday amid a continued sell-off in equities, driven by selling in growth stocks and technology stocks. Inflation concerns have also weighed on stocks and further pressured growth sectors.

05/11/2021 16:19

U.S. indices traded lower Tuesday amid a continued sell-off in equities, driven by selling in growth stocks and technology stocks. Inflation concerns have also weighed on stocks and further pressured growth sectors.

  • The SPDR S&P 500 ETF Trust (NASDAQ:SPY) finished lower by 0.89% at $414.21.
  • The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) fell by 0.14% at $325.31.
  • The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished lower by 1.39% at $342.91.

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

Leaders for the S&P 500 were Enphase Energy Inc (NASDAQ:ENPH), Paypal Holdings Inc (NASDAQ:PYPL) and Twitter Inc (NYSE:TWTR). 

Hanesbrands Inc. (NYSE:HBI), Occidental Petroleum Corporation (NYSE:OXY) and HP Inc (NYSE:HPQ) were among the largest losers.

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