US Market today: Why did Nio (NIO), Apple (AAPL) share price jump? Check top gainers and losers

US stock market news today

What happened in the US stock market today?

  • US markets ended higher, ahead of a key inflation report to be released on Tuesday. Nasdaq gained  1.27%, Dow jumped 0.71% and S&P 500 closed 1.06% higher. 
  • A weaker dollar and growing confidence that higher prices have peaked aided Wall Street’s relief rally.
  • Energy was the best performing sector in the SP 500 on Monday, boosted by a rebound for oil prices.
  • Investors await important Consumer Price Index data on Tuesday. This will provide important cues relating to Fed’s next steps.

US stock market today: Top gainers and losers

Stock price actionReason behind the move
Amazon rose 2%Amazon share price rallied over reports of closure attempts of antitrust probe in Europe, anticipation of solid festive sales.
Apple rallied 4%Apple share price rose over reports of strong IPhone 14 pre-order data, positive stock review by analysts.
ARK Genomic Revolution ETF jumped 2%ARK Genomic Revolution ETF price jumped driven by sharp gains in the underlying stocks of CRISPR, Pacific Bio and Ionis.
ARK Innovation ETF jumped 2%ARK Innovation ETF price jumped driven by gains in growth stocks such as Twilio, Unity Software and Teladoc.
Atlassian rose 2%Atlassian share price extended gains over solid expansion plan, new $137 million investments by popular hedge fund - Sequoia Capital Global Equities.
Cloudflare jumped 2%Cloudflare share price extended gains over reports of dropping controversial client Kiwifarms to become more socially responsible.
Coinbase jumped 2%Coinbase share price extended gains reflecting upon positive sentiments and rally in cryptocurrencies prices.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF rose 3%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking rally in energy stocks of Devon Energy, Antero Resources and ConocoPhillips.
Direxion Daily Semiconductor Bull 3X ETF gained 1%Direxion Daily Semiconductor Bull 3X ETF price jumped tracking the gains in chip stocks of Broadcom and Marvell Technology.
Direxion Daily Technology Bull 3X ETF rose 5%Direxion Daily Technology Bull 3X ETF price rose driven by gains in the shares of Apple and PayPal.
DocuSign jumped 3%DocuSign share price extended gains over solid June quarter earnings and strong growth outlook.
Freshworks rallied 4%Freshworks share price jumped sharply over anticipation of strong revenue growth and solid order pipeline.
NIO skyrocketed 14%NIO share price extended gains after reporting solid revenue in June quarter and strong growth outlook.
Nu rose 2%Nu share price extended gains as analysts upgraded stocks' outlook on the back of solid earnings estimates driven by declining funding costs.
NVIDIA rose 1%NVIDIA share price extended gains driven by reports of new products launch in coming weeks.
Oracle rose 2%Oracle share price rallied post strong June quarter earnings release, solid outperformance on revenue growth.
ProShares Bitcoin Strategy ETF jumped 5%ProShares Bitcoin Strategy ETF price rose tracking the gains in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors rose 1%ProShares Ultra Semiconductors ETF price rose sharply tracking the positive trend in chip stocks of Broadcom and NVIDIA.
Rivian rose 3%Rivian share price extended gains over reports of tie-up with Mercedes-Benz to build electric commercial vans in Europe.
Robinhood rose 4%Robinhood share price rose over reports of solid growth in monthly active users on the platform.
Shopify rose 1%Shopify share price extended gains over reports of change in management, plans of new growth strategy.
Tesla rose 2%Tesla share price extended gains over report of 'buy' rating by large research houses, brokerages, US government's push for EV adoption.
Twilio jumped 5%Twilio share price jumped sharply over reports of Sequoia Capital Global Equities fund buying a stake.
Twitter fell 2%Twitter share price fell amid reports of ahead of voting on whether to approve or reject Musk’s takeover bid.
UiPath jumped 6%UiPath share price rallied over reports of famous investor Cathie Wood adding over $1.2M worth of stocks in Ark ETFs.
Unity Software rose 2%Unity Software share price rose after AppLovin's acquisition plan cancellation.

US ETFs - Learn about the ETFs?

Reliance Industries (1.1%) has the highest allocation in MSCI Emerging Markets iShares ETF followed by Infosys.

Apple has the highest allocation of (19.3%) in the Vanguard Information Technology ETF.

The Technology sector has the highest allocation of (20.47%) in iShares Core Aggressive Allocation ETF.

Taiwan Semiconductor has the highest allocation of (4.58%) in SPDR Portfolio Emerging Markets ETF.

Tesla has the highest allocation of (more than 7%) in Cathie Wood’s famous ARK Innovation ETF.

  • Why is Apple share price rallying?

  • Why did Nio stock price jump?

  • Why did Twitter share price fall?


Disclaimer: This is not an investment advisory. The article above is for information purposes only. Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, goal, time frame, risk and reward balance, and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs. The performance and returns of any investment portfolio can neither be predicted nor guaranteed.