US Share Market Today: S&P 500 jumps to notch 4-day winning streak; check top gainers and losers
Share Market Today In The US
US stocks extend gains for the fourth consecutive day on Thursday, on the back of a rally in tech stocks. The Dow Jones gained 1.12% to close at 31,384.55. The S&P 500 added 1.50% to 3,902.62, while the tech-centric Nasdaq Composite gained 2.28% to 11,621.35. With this four-day gaining streak, the S&P 500 has notched up its biggest winning run in the year so far.
Top Gainers and Losers in US Stock Market Today
Adobe rallied 2%: Adobe extended gains post the new partnerships with retail giant 'The Home Depot' to enhance the customer experience.
AMD jumped 5%: AMD jumped sharply following a positive momentum in chip stocks post a strong earnings release by chip giant Samsung and favourable growth outlook.
ARK Genomic Revolution ETF gained 6%: ARK Genomic Revolution ETF jumped following the positive momentum in pharma, innovation stocks amid broad rally in market.
ARK Innovation ETF rose 7%: ARK Innovation ETF gained sharply on the back of rally in underlying growth stocks such as Zoom, Roku and UiPath.
Coinbase climbed 11%: Coinbase share rallied sharply tracking the gains in Bitcoin and other cryptos, positive momentum in tech & growth stocks.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF surged 11%: Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF jumped sharply on the back of sharp gains in energy stocks over expectations of record profits in last quarter.
Direxion Daily Semiconductor Bull 3X ETF shot up 13%: Direxion Daily Semiconductor Bull 3X ETF jumped tracking the gains in Semiconductors stocks post stronger earnings outlook by Samsung boosted sentiments.
Global X Lithium & Battery Tech ETF jumped 4%: Global X Lithium & Battery Tech ETF jumped sharply over positive momentum in underlying stocks such as Albemarle, SQM etc.
Google jumped 4%: Google rallied ahead of stock split, positive momentum in Big Tech over the favourable position by US central bank to maintain economic growth.
Invesco NASDAQ 100 ETF ended 2% higher: Invesco NASDAQ 100 ETF gained following the positive momentum in Tech stocks on the back of favourable US Fed's resolution of support growth while fighting inflation.
Invesco QQQ Trust Series 1 ETF jumped 2%: Invesco QQQ Trust Series 1 ETF gained following the positive momentum in Tech stocks on the back of favourable US Fed's resolution of support growth while fighting inflation.
NVIDIA shot up 5%: NVIDIA gained following a positive momentum in chip stocks post a strong earnings release by chip giant Samsung and favourable growth outlook.
ProShares Bitcoin Strategy ETF ended 1% higher: ProShares Bitcoin Strategy ETF jumped tracking the gains in Semiconductors stocks post stronger earnings outlook by Samsung boosted sentiments.
ProShares Ultra Semiconductors gained 9%: ProShares Ultra Semiconductors ETF jumped tracking the gains in Semiconductors stocks of Nvidia, AMD, and Intel.
ProShares UltraPro S&P 500 ETF jumped 4%: ProShares UltraPro S&P 500 ETF ended higher tracking the S&P 500 index amid US Fed’s resolve to fight soaring inflation, while at the same time supporting growth
Qualcomm jumped 6%: Qualcomm shares jumped sharply following a strong earnings release by chip giant Samsung and favourable growth outlook.
Rivian rallied 7%: Rivian extended gains amid positive momentum on the back of robust delivery data, expectations of stronger revenues.
Robinhood jumped 5%: Robinhood extended gains post the hacking settlement of $19.5 Million, enabling Bitcoin transfers for all users.
Shopify jumped 7%: Shopify shares gained sharply following the recently executed split, positive momentum in growth & tech stocks at wall street.
SPDR S&P 500 ETF jumped 2%: SPDR S&P 500 ETF gained riding the positive momentum on Wall Street post declaration of supportive stance by US Fed to support growth.
Taiwan Semiconductor Manufacturing climbed 7%: Taiwan Semiconductor Manufacturing shares jumped sharply following a positive momentum in chip stocks post a strong earnings release by chip giant Samsung and favourable growth outlook.
Tesla jumped 6%: Tesla extended gains post strong sales data in China, rally in growth stocks amid US Fed's resolution of maintaining growth while fighting inflation.
Udemy jumped 7%: Udemy share gained sharply driven by short covering after touching 1-year low, stock down again in pre-market.
Unity Software jumped 8%: Unity Software jumped sharply following the positive momentum in tech stocks, disclosure of a large exposure by a Koshinski Asset Management.
Vanguard S&P 500 ETF rose 1%: Vanguard S&P 500 ETF gained riding the positive momentum on Wall Street post declaration of supportive stance by US Fed to support growth.
Vanguard S&P 500 Growth ETF rose 2%: Vanguard S&P 500 Growth ETF gained riding the positive momentum on Wall Street post declaration of supportive stance by US Fed to support growth.
WeWork jumped 9%: WeWork extended gains post news around rectification of glitch that revealed visitors’ personal data in India business.
What happened in the US market?
US stocks ended higher. Dow up 1.12%, SP 500 climbed 1.5%, Nasdaq ended 2.28% higher.
Which sector outperformed?
Energy stocks outperformed, reversing recent losses as oil prices rebounded. Exxon rose 3.2%, and Occidental Petroleum gained nearly 4%.
What happened to the tech sector?
Chip stocks boosted the tech sector after Samsung posted strong earnings and guidance on the back of robust sales of memory chips. AMD and Nvidia gained 5.2% and 4.8%, respectively.
Any stock specific action?
GameStop rallied 15%, extending gains after the video game retailer said a 4-for-1 stock split was approved by its board.