US Share Market Today: Dow ends volatile session slightly lower; check top gainers and losers
Share Market Today In The US
US stocks ended slightly lower on Wednesday as investors weighed comments from Fed Chair Jerome Powell, who reiterated the central bank’s stance to fight inflation. The Dow Jones Industrial Average dropped 0.15% to 30,483.13. The S&P 500 dipped 0.13% to 3,759.89. The Nasdaq Composite fell 0.15% to 11,053.08.
Top Gainers and Losers in US Stock Market Today
ARK Genomic Revolution ETF rose 3%: ARK Genomic Revolution ETF gained as underlying stocks Teladoc, Exact, Pacific Bio jumped following the rally in pharma stocks.
ARK Innovation ETF jumped 2%: ARK Innovation ETF extended gains following the rally in underlying growth stocks of Roku, Teladoc, and Zoom.
Coinbase crashed 10%: Coinbase crashed after competitor Binance dropped bitcoin trading fees amid drying crypto trading volumes.
Direxion Semiconductor ETF lost 3%: Direxion Semiconductor ETF fell sharply following the decline in the semiconductor stocks - Nvidia, AMD and Intel.
DocuSign jumped 4%: DocuSign shares jumped as the CEO Dan Springer stepped down.
Invesco Nasdaq 100 ETF ended flat: Invesco Nasdaq 100 ETF ended flat tracking the flattish movement in Tech heavy Nasdaq index post yesterday's sharp rally.
Invesco QQQ ETF ended flat: Invesco QQQ ETF ended flat tracking the flattish movement in Tech heavy Nasdaq index post yesterday's sharp rally.
Meta fell 1%: Meta (Facebook) extended fall over news of delaying income from Metaverse creators to 2024, altering Ad Technology in settlement with the US Govt.
Netflix jumped 5%: Netflix gained over market rumors of tie-up with NBCUniversal, Google being top contenders for ad-supported subscription plan.
Nu gained 2%: Nu shares extended gains over technically positive view by analysts - stock up 15% in last 5 days.
NVIDIA fell 1%: NVIDIA ended lower, witnessing profitbooking following yesterday's sharp gains, in a flat day for the broad US market.
ProShares Bitcoin Strategy ETF fell 4%: ProShares Bitcoin Strategy ETF fell following the decline in Bitcoin prices.
ProShares Semiconductors ETF fell 2%: ProShares Semiconductors ETF witnessed profitbooking following yesterday's rally in semiconductor stocks prices.
Rivian fell 2%: Rivian witnessed profit-booking post yesterday's sharp gains due to bullish sector outlook by Morgan Stanley.
Roblox gained 5%: Roblox shares extended gains over technically positive view by analysts - stock up 21% in last 5 days.
Twilio jumped 4%: Twilio extended gains, up 6% in the last 5-days over Scotiabank's outperform rating and $215 price target for the long term.
UiPath rose 2%: UiPath shares gained as analysts maintained a positive outlook, stock still down 55% since the start of year 2022.
Unity Software ended 5% higher: Unity Software shares extended gains amid short-covering in tech, growth stocks, share up 14% in last 5-days.
Upstart lost 6%: Upstart witnessed profit-booking after rallying 8% in last 5-days, growth concern remains amid weak business guidance.