U.S. indices finished mixed Friday to conclude the trading week. Oil prices gained during Friday's session, which has continued to pressure economic sentiment.
The S&P 500 traded higher for the second week in a row and has now more than erased its initial losses following the Russian invasion of Ukraine.
- The Nasdaq composite finished lower by 0.16% to 14,169; The Invesco QQQ Trust Series 1 (NASDAQ:QQQ) finished flat at $359.45
- The S&P 500 traded higher by 0.51% to 4,543; The SPDR S&P 500 ETF Trust (NASDAQ:SPY) gained 0.48% to $452.63
- The Dow Jones composite finished higher by 0.57% to 12,016; The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ:DIA) finished higher by 0.41% at $348.47
In a speech to the National Association for Business Economics on Monday, U.S. Federal Reserve Chair Jerome Powell said "inflation is much too high" and the Fed is prepared to take a more aggressive approach to monetary policy tightening if necessary.
Powell said he and other Fed members are willing to raise interest rates by "more than 25 basis points" at a time if appropriate.
Here are the day's winners and losers from the Nasdaq-100, according to data from Benzinga Pro.
DexCom, Inc. (NASDAQ:DXCM), Exelon Corporation (NASDAQ:EXC) and Intuitive Surgical, Inc. (NASDAQ:ISRG) were among the top gainers for the QQQ Friday.
Moderna Inc (NASDAQ:MRNA), MercadoLibre Inc (NASDAQ:MELI) and DocuSign Inc (NASDAQ:DOCU) were among the top losers for the Nasdaq-100.
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