US stock fell deeper into bear zone ahead of Fed meet: Stocks that made big moves
US Stocks extended losses on Tuesday as the S&P 500 moved further into bear zone as investors remained cautious ahead of the Federal Reserve meeting on Wednesday. Analysts expect the Fed to increase rates by up to 0.75% in tomorrow’s meeting.
The S&P 500 fell 0.38% to close at 3,735.48. The Dow Jones Industrial Average dropped 0.5% to settle at 30,364.83. The Nasdaq Composite rose 0.18% to finish at 10,828.35. Here are the major stock movements from yesterday’s trading session.
Alibaba jumped 7%: Alibaba witnessed recovery following the positive sentiments in Chinese stocks as investors bet on China's pivot to support growth.
Amazon declined 1%: Amazon fell over the ₹200 crore penalty by the Indian fair trade regulator's due to disclosure issues.
Apple gained 1%: Apple stock gained following the 10-year streaming partnership deal between Apple TV and Major League Soccer for live sports streaming & more.
ARK Genomic Revolution ETF rose 1%: ARK Genomic Revolution ETF rose as underlying stocks of Teladoc, Pacific Bio, and Vertex gained.
ARK Innovation ETF rose 1%: ARK Innovation ETF rose following a positive move in underlying stocks such as Tesla and Zoom.
Berkshire Hathaway fell 1%: Berkshire Hathaway fell following the weakness in the financial stocks ahead of the US central bank's action on interest rates today.
Coinbase fell 1%: Coinbase crashed over news around laying off 18% of workforce to prepare for recession and 'crypto winter'.
Direxion Semiconductor ETF surged 1%: Direxion Semiconductor ETF jumped following the rise in semiconductor stocks prices such as Qualcomm, Nvidia and Intel.
DocuSign Crashed 3%: DocuSign extended fall after reporting weak earning estimates and lowering billings guidance, stock down 36% in last 5-days.
Ford rallied 3%: Ford rallied over news around automakers lobbying Congress for an expansion of income tax credits tied to the purchase of electric vehicles (EVs).
Global X Lithium & Battery Tech ETF jumped 2%: Global X Lithium & Battery Tech ETF jumped amid positive sentiment in Battery tech stocks including Tesla.
Infosys ADR jumped 2%: Infosys ADR jumped post announcement of partnering with Snowflake to unlock new possibilities with data and AI.
Invesco Nasdaq 100 ETF ended flat: Invesco Nasdaq 100 ETF ended flat tracking the Nasdaq index ahead of the US central bank's interest rate hike decision.
Invesco QQQ ETF ended flat: Invesco QQQ ETF ended flat tracking the Nasdaq index ahead of the US central bank's interest rate hike decision.
Matterport rose 5%: Matterport witnessed short-covering post a massive 25% fall in last 5-days over Apple's entry to digital twin creation business.
Netflix slipped 1%: Netflix fell news around discussion with rivals Roku, Comcast for help with ad sales, tech business to drive growth.
Oracle skyrocketed 10%: Oracle shares jumped on better-than-expected earnings backed by jump in cloud business.
ProShares Bitcoin Strategy ETF Crashed 4%: ProShares Bitcoin Strategy ETF crashed tracking the massive fall in Bitcoin prices, ETF down 25% since last 1-month.
ProShares Semiconductors ETF gained 1%: ProShares Semiconductors ETF jumped following the rise in semiconductor stocks prices such as Qualcomm, Nvidia and Intel.
Rivian rose 2%: Rivian witnessed short-covering post falling 10% fall in last 5-days, news around income tax credits tied to the purchase of electric vehicles (EVs).
S&P 500 ETF TRUST ETF Ended 4% Lower: S&P 500 ETF ended flat tracking the S&P 500 index, ahead of the US central bank's interest rate hike decision.
Square Crashed 4%: Square extended fall post Apple's entry into Buy Now, Pay Later service. Stock at 1-year low, down 29% in last 5-days.
Taiwan Semiconductor Manufacturing ADR jumped 2%: Taiwan Semiconductor Manufacturing ADR rose over strong revenue growth in May, dividend declaration.
Tesla jumped 2%: Tesla rose over news around the plans of 3-To-1 stock split, Ark's continued buying the stock.
UiPath rose 2%: UiPath witnessed recovery, amid the positive sentiments in growth stocks, after falling 15% in last 5-days.
Upstart rose 2%: Upstart witnessed short-covering following the positive sentiments in financial stocks ahead of the US central bank's decision on interest rate hike.
Vanguard S&P 500 ETF ended flat: Vanguard S&P 500 ETF ended flat tracking the S&P 500 index, ahead of the US central bank's interest rate hike decision.
Wipro ADR jumped 2%: Wipro ADR jumped following Tech-giant's plans to quadruple employee count in Norway to 350 in next two years citing strong business demand.
Zoom rose 3%: Zoom jumped over reports of a massive $1,500 per share price target in 2026 according to ARK’s open-source research and model.