US Share Market Today: S&P 500 erases losses to end higher; check top gainers and losers

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Share Market Today In The US

US Stocks staged a comeback on Tuesday afternoon, amid a bounce back in tech stocks due to lower interest rates. The tech-heavy Nasdaq closed 1.75% higher at 11,322.24 after opening the day sharply lower. The S&P 500 rose 0.16% to 3,831.39 after falling more than 2% at day’s lows. The Dow Jones ended 0.4% down at 30,967.82. Growing fears of a potential recession continued to dent sentiments.

Top Gainers and Losers in US Stock Market Today

Amazon gained 4%: Amazon share price rallied ahead of Prime Day sale, short-covering post touching 1-year low last month.

AMD gained 2%: AMD shares jumped on the back of short-covering in semiconductor stocks amid broad-recovery in Tech stocks.

ARK Genomic Revolution ETF rallied 8%: ARK Genomic Revolution ETF rose tracking the gains in pharma growth stocks such as Exact Science, Teladoc and Crispr.

ARK Innovation ETF jumped 9%: ARK Innovation ETF gained sharply following the rally in underlying growth stocks such as Zoom, Roku and UiPath.

Atlassian shot up 6%: Atlassian share extended gains over the news around star fund manager Cathy Wood's adding more of Atlassian in portfolio.

Cloudflare gained 10%: Cloudflare gained sharply post global research firm Evercore ISI gave 'Outperform' rating with a share price target of $65 over robust earnings expectations.

Coinbase skyrocketed 13%: Coinbase jumped following news around cryptocurrency lender Nexo acquiring Vauld, loan repayments by troubled crypto 'celsius'.

Direxion Daily Semiconductor Bull 3X ETF jumped 2%: Direxion Daily Semiconductor Bull 3X ETF jumped tracking the gains in Semiconductors stocks of Nvidia, AMD, and Intel.

DocuSign gained 7%: DocuSign share jumped on the back of short-covering in tech and growth stocks - stock still down 23% in last 1-month.

Google shot up 4%: Google share price jumped sharply ahead of the stock split. Short-covering driven buying in Big tech stocks also assisted the rally.

Invesco NASDAQ 100 ETF ended 2% higher: Invesco Nasdaq 100 ETF jumped tracking the short-covering driven rally in the Tech-heavy Nasdaq index.

Invesco QQQ Trust Series 1 ETF gained 2%: Invesco QQQ Trust Series 1 ETF extended gains tracking the rebound rally in the Tech-heavy Nasdaq index.

Meta (Facebook) shot up 5%: Meta (Facebook) gained sharply post global broker Bank of America rated it as a 'Top Recession Stock', stock still down 50% since start of year 2022.

Netflix rose 3%: Netflix extended gains post the successful launch of massively popular TV series Stranger Things Season 4 volume 2.

Nu shot up 6%: Nu holdings rallied sharply on the back of news around acquisition plans to boost growth in Latin America business.

Nvidia up 3%: Nvidia jumped on the back of short-covering in semiconductor stocks amid broad-recovery in Tech stocks.

ProShares Bitcoin Strategy ETF ended 6% higher: ProShares Bitcoin Strategy ETF extended gains tracking the short-covering driven rally in Bitcoin prices.

ProShares Ultra Semiconductors gained 3%:  ProShares Ultra Semiconductors ETF jumped tracking the gains in Semiconductors stocks of Nvidia, AMD, and Intel.

Qualcomm gained 2%: Qualcomm gained on the back of short-covering in semiconductor stocks amid broad-recovery in Tech stocks.

Roblox shot up 14%: Roblox share extended gains on the back of short-covering driven rally in tech stocks - stock up 28% in last 1-month.

SSgA S&P 500 ETF ended flat: SSgA S&P 500 ETF ended flat following the positive trend at the S&P 500 index ahead of the start of the quarterly earnings reporting season.

Unity Software jumped 13%: Unity Software share extended gains on the back of short-covering in tech and growth stocks - stock still down 69% since start of the year 2022.

Vanguard S&P 500 ETF ended flat: Vanguard S&P 500 ETF ended flat tracking the positive move in S&P 500 index ahead of the start of earnings reporting season.

Vanguard S&P 500 Growth ETF ended 1% higher: Vanguard S&P 500 Growth ETF gained tracking the positive move in S&P 500 index ahead of the start of earnings reporting season.

  • What happened in the US stock market?

  • Which stocks led the bounceback?

  • Which sector was most impacted?

  • Why did tech stocks rally?

  • Any stock specific action?

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