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.
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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