US Market today: Why did Ford share price tank? Check out gainers and losers in US stocks today
What happened in the US stock market today?
- US Stocks ended sharply lower. Nasdaq down 3%, Dow Jones and S&P 500 ended 2.0% lower.
- All sectors’ stocks faced the selling over fears of aggressive rate hike by US central bank, Tech and consumer stocks down the most.
- AMC Entertainment stock crashed 42% after its UK-based rival Cineworld Group warned of a possible bankruptcy.
- Signify Health stock skyrocketed 32% over reports of UnitedHealth Group, Amazon, CVS Health, and Option Care Health Inc putting bids to acquire the company.
- Focus is on the central banking conference in Jackson Hole on Friday for further cues on the US central bank’s plan on future interest rate hikes.
US Most Active Stocks Today
|Stock price action||Reason behind the move|
|Arcimoto ended flat||Arcimoto share price ended flat over reports of change in high-level executives, stock down 72% since start of year 2022.|
|ARK Genomic Revolution ETF lost 1%||ARK Genomic Revolution ETF price fell driven by losses in underlying stocks of Pacific Biosciences, Twist Bioscience and CRISPR Therapeutics.|
|ARK Innovation ETF fell 2%||ARK Innovation ETF price fell driven by losses in underlying stocks of Unity Software, Roku, Twilio, and Coinbase.|
|Cloudflare lost 4%||Cloudflare share price extended losses over controversy for providing services to the gossip site Kiwi Farms, stock down 14% in last 1-week.|
|Coinbase lost 4%||Coinbase share price extended fall over reports of regulatory risks over the new feature of Ethereum Staking, sell-off in cryptocurrencies. Stock down 21% in last 1-week.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF rose 1%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price rose tracking the gains in the energy stocks of Antero Resources and Continental Resources.|
|Direxion Daily Semiconductor Bull 3X ETF crashed 11%||Direxion Daily Semiconductor Bull 3X ETF price fell sharply following the crash in chip stocks of NVIDIA, Intel and Marvell Technology.|
|Direxion Daily Technology Bull 3X ETF crashed 8%||Direxion Daily Technology Bull 3X ETF price fell following the sharp losses in underlying stocks of NVIDIA, PayPal and Microsoft.|
|DocuSign lost 4%||DocuSign share price fell sharply over reports of a price target cut and downgrade from RBC Research, company in hunt for a new CEO.|
|Ford lost 5%||Ford share price crashed over reports of job cuts, possible loss of $1.7 billion post losing a court case involving a fatal crash that centered on roof strength of its pickup trucks.|
|Netflix crashed 6%||Netflix share price fell sharply over 'Sell' rating by CFRA research and cut in share price target to $238.|
|Nu lost 3%||Nu share price witnessed profit booking, stock still up 9% in last 1-week on the back of robust earnings, Softbank buying stake.|
|NVIDIA fell 5%||NVIDIA share price fell sharply ahead of its earnings release this week, concern of chip shortage to drive the investor sentiments.|
|ProShares Bitcoin Strategy ETF fell 1%||ProShares Bitcoin Strategy ETF price fell tracking the losses in Bitcoin prices and trading volumes.|
|ProShares Ultra Semiconductors lost 8%||ProShares Ultra Semiconductors ETF price fell sharply driven by losses in chip stocks of NVIDIA, Intel and Broadcom.|
|ProShares UltraPro S&P 500 ETF down 6%||ProShares UltraPro S&P 500 ETF price fell tracking the losses in S&P 500 index amid concerns of aggressive rate hike by US central bank.|
|Rivian lost 4%||Rivian share price extended fall over reports of the firm cancelled production of its most affordable electric truck.|
|Robinhood lost 2%||Robinhood share price fell over reports declining monthly active users in July, cutting the acquisition offer by half for UK fintech Ziglu, weakness in cryptocurrency prices. Stock down 18% in last 1-week.|
|Roblox down 3%||Roblox share price extended decline over reports of hedge fund Altos Ventures selling a stake in open market.|
|Shopify fell 3%||Shopify share price fell, down 17% in last 1-week, over reports of weak business growth forecast, looming analyst downgrades.|
|Snapchat crashed 5%||Snapchat share price fell sharply over reports scrapping development of Pixy flying selfie drone.|
|Square lost 2%||Square share price extended fall over the downgrade by Macquarie, price target now $64 - 20% lower than current market price.|
|Tesla down 2%||Tesla share price fell over reports of increase of 25% in the price of its Full Self-Driving option by 25% in September.|
|Twilio fell 4%||Twilio share price extended fall over reports of management team selling stocks in the open market.|
|Uber ended 3% lower||Uber share price fell over reports of Mirae Asset Global Investments selling more than 8 Lakh Shares last week.|
|Upstart fell 6%||Upstart share price fell over anticipation of weak profit ratios, lending business growth due to rising interest rates in the US.|
Why did AMC Entertainment stock plunge?
AMC Entertainment stock crashed 42% after its UK-based rival Cineworld Group warned of a possible bankruptcy.
Why did Signify Health stock skyrocket?
Signify Health stock skyrocketed 32% over reports of UnitedHealth Group, Amazon, CVS Health, and Option Care Health Inc putting bids to acquire the company.
Why did Snapchat stock crash?
Snapchat share price fell sharply over reports scrapping development of Pixy flying selfie drone.