US Market Today: Energy stocks decline, Nasdaq ends lower
What happened in the US stock market today?
- US stocks started the week on a negative note with S&P 500 down 0.3%, Nasdaq down 0.2% and Dow ended 0.1% lower.
- Energy stocks fall sharply with ExxonMobil down 2.5%, driven by falling crude oil prices.
- US manufacturing showed signs of easing supply constraints, the activity slowed lesser-than-anticipated in July.
US Most Active Stocks Today
|AMD jumped 2%||AMD share price jumped ahead of its earnings release today, analysts expect a solid momentum of chip-maker's growth to continue.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell 4%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell following the weakness in energy stock after oil price fell sharply.|
|Ford jumped 4%||Ford share price extended gains post reporting solid quarterly earnings, anticipation of large dividend and focus on EV business.|
|Hycroft Mining Holding Corporation jumped 13%||Hycroft Mining Holding Corporation share price jumped sharply over the news of buying a reputed hedge fund - Truist Financial Corp.|
|Nio jumped 2%||Nio share price rallied on the back of expansion plans into Europe this September.|
|Nu fell 4%||Nu share price fell sharply over fears of slowdown in business expansion over economic degrowth.|
|NVIDIA rose 2%||NVIDIA share price jumped along with other semiconductor stocks ahead of earnings release by industry leader AMD.|
|Procter & Gamble up 3%||Procter & Gamble share price witnessed short-covering after falling last week over weak earnings and lower growth forecasts.|
|ProShares Bitcoin Strategy ETF fell 4%||ProShares Bitcoin Strategy ETF fell tracking the weakness in the prices and volumes of Bitcoin.|
|Qualcomm up 2%||Qualcomm share price jumped along with other semiconductor stocks ahead of earnings release by industry leader AMD.|
|Roblox skyrocketed 5%||Roblox share price jumped post very favorable commentary by analysts about gaming business growth, profit margin expansion.|
|Shopify rose 5%||Shopify share price rallied post announcing a strategic investment in music and creative-focused app 'Single', launching token gated commerce and features.|
|Twilio rose 3%||Twilio share price jumped following a positive rating by Jefferies and a $110 share price target.|
|Uber surged 5%||Uber share price jumped ahead of earnings release today, lower loss anticipated in June quarter.|
|Unity jumped 4%||Unity share price jumped over news of Arizona State Retirement System increasing its position in the stock.|
|Workhorse jumped 7%||Workhorse share price jumped sharply ahead of its earnings release next week, EV supply constraints to be watched.|
Check out the latest earnings and major news on US Stocks: