US Market Today: Energy stocks decline, Nasdaq ends lower
Last updated:
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:
FAANG+ stocks drove the US market last week!
Stock Market This Week (US): Big Tech earnings, GDP fall and Fed rate hike drive the markets
Apple Q3 Results 2022: Revenue and Profit beat estimates, Dividend announced
Share: