US Share Market Today: S&P 500 down 1% to start week on a cautious note; check top gainers and losers
Share Market Today In The US
The US stock market started the week on a cautious note with the S&P 500 ending 1.15% lower. Investors turned cautious ahead of big company earnings reports slated for later in the week which could signal how inflation is impacting businesses. The Dow Jones shed 164.31 points, or 0.52%, to close at 31,173.84. The S&P 500 fell 1.15% to 3,854.43, while the Nasdaq Composite lost 2.26% to 11,372.60.
Top Gainers and Losers in US Stock Market Today
Alibaba lost 9%: Alibaba sank along with other Chinese stocks post their government fined several tech companies over monopoly concerns.
Amazon fell 3%: Amazon stock price fell despite a positive business outlook ahead of Prime Day. Weakness in Tech stocks ahead of inflation, earnings data led to fall in share price.
AMD fell 3%: AMD fell sharply following a weak momentum in chip stocks amid supply concerns arising from China, negative momentum in tech stocks ahead of inflation data.
ARK Genomic Revolution ETF lost 5%: ARK Genomic Revolution ETF ended lower following the losses in pharma, innovation & growth stocks amid broad weakness in market.
ARK Innovation ETF lost 7%: ARK Innovation ETF fell sharply on the back of decline in underlying growth stocks such as Zoom, Roku and UiPath.
Coinbase sank 11%: Coinbase share fell sharply tracking the decline in Bitcoin and other cryptos, negative momentum in tech & growth stocks.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell 3%: Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell on the back of weakness in energy stocks ahead of inflation, earnings.
Direxion Daily Semiconductor Bull 3X ETF fell 7%: Direxion Daily Semiconductor Bull 3X ETF fell tracking the decline in Semiconductors stocks such as Nvidia, AMD.
Global X Lithium & Battery Tech ETF fell 5%: Global X Lithium & Battery Tech ETF ended lower over negative momentum in underlying stocks such as Albemarle, SQM etc.
Google fell 3%: Google share price fell sharply ahead of its Stock Split (July 15), weakness in tech stocks ahead of inflation data.
Invesco NASDAQ 100 ETF ended 2% lower: Invesco NASDAQ 100 ETF fell tracking the weakness in Nasdaq index ahead of inflation, earnings release.
Invesco QQQ Trust Series 1 ETF fell 2%: Invesco QQQ Trust Series 1 ETF fell following the weakness in Tech stocks ahead of inflation, earnings release.
Meta (Facebook) crashed 5%: Meta (Facebook) stock fell sharply on the back of target price downgrade by analysts over falling ad-revenues, spending cuts.
Nvidia lost 4%: Nvidia Stock fell following the analysts downgrade on share price target, supply issues from China, exist from Russia to hurt growth.
ProShares Bitcoin Strategy ETF ended 6% lower: ProShares Bitcoin Strategy ETF fell tracking the decline in Bitcoin prices, thin trading volumes.
ProShares Ultra Semiconductors fell 6%: ProShares Ultra Semiconductors ETF fell tracking the losses in Semiconductors stocks of Nvidia, AMD, and Intel.
ProShares UltraPro S&P 500 ETF lost 3%: ProShares UltraPro S&P 500 ETF ended lower tracking the fall in S&P 500 index ahead of economic data, earnings.
Qualcomm fell 3%: Qualcomm shares fell sharply following the overall weakness in chip stocks ahead of inflation data release.
Rivian fell 6%: Rivian fell sharply over reports of 5% cut in workforce, weakness in growth stocks at wall-street.
Shopify fell 9%: Shopify extended fall ahead of earnings release, reports of layoffs, delayed job offers, and the company delaying its new compensation scheme.
SPDR S&P 500 ETF fell 1%: SPDR S&P 500 ETF fell amid the weakness on wall-street ahead of inflation data, earnings release by big banks.
Taiwan Semiconductor Manufacturing fell 3%: Taiwan Semiconductor Manufacturing shares fell ahead of inflation data in US, weakness in chip stocks.
Tesla fell 7%: Tesla extended fall as investors look for clarity Twitter deal, weakness in growth stocks amid inflation concerns.
Twilio fell 7%: Twilio fell sharply over news around COO and top investors selling stocks in open market, weakness is tech & growth stocks.
Twitter crashed 11%: Twitter shares slide after Elon Musk's $44 bln deal fell apart, Twitter to file lawsuit against Musk.
Unity Software crashed 9%: Unity Software fell sharply as Citigroup lowered the target share price to $68, weakness is tech & growth stocks at wall-street.
Vanguard S&P 500 ETF lost 1%: Vanguard S&P 500 ETF fell tracking the weakness on wall-street ahead of inflation data, earnings release by big banks.
Vanguard S&P 500 Growth ETF lost 2%: Vanguard S&P 500 Growth ETF lost riding the weakness on Wall Street ahead of inflation data, earnings by big banks.
Zoom fell 10%: Zoom extended fall over the news of multiple investors trimming their position in the stock amid concerns over business growth.
What happened in the US stock market?
US stocks ended lower. Dow down 0.52%, SP 500 fell 1.15%, Nasdaq ended 2.26% lower.
What led to the fall in the US share market?
US equities fell on Monday as investors turned cautious ahead of big company earnings reports slated for later in the week which could signal how inflation is impacting businesses.
Which companies will report earnings this week?
PepsiCo and Delta Air Lines will report earnings on Tuesday and Wednesday, followed by bank stocks JPMorgan Chase, Morgan Stanley, Wells Fargo and Citigroup later in the week.
What happened to big tech stocks?
Amazon and Alphabet shed more than 3% each. Tesla slipped 6.5% while Netflix slid nearly 5.2%.
Any stock specific action?
Twitter shares fell 11.3% after Elon Musk terminated the $44 billion deal to buy the social media company.