Microsoft sinks 4%; Dow ends lower: Check top stock movers in the US market

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Share Market Today In The US

U.S. stocks fell on Tuesday, with the S&P 500 closing 0.92% lower. Worries over global economic growth hurt investor appetite for risky assets. Investors also awaited important June inflation data. The Dow Jones dropped 0.62% to 30,981.33, while the S&P 500 slid 0.92% to 3,818.80. The Nasdaq Composite fell 0.95% to settle at 11,264.73.

Top Gainers and Losers in US Stock Market Today

Airbnb jumped 2%: Airbnb share price rallied after Jefferies reissued a "buy" rating and set a $160.00 price target citing stable growth.

Amazon fell 2%: Amazon share price fell ahead of inflation data release, expectations of weak growth in online sales.

ARK Genomic Revolution ETF gained 2%: ARK Genomic Revolution ETF ended higher following the gains in pharma, innovation & growth stocks amid broad weakness in the market.

ARK Innovation ETF climbed 2% up: ARK Innovation ETF gained on the back of rise in underlying growth stocks such as Zoom, Roku and UiPath.

Atlassian fell 9%: Atlassian fell over weak business forecast for cloud business over strong US dollar, inflation, rising interest rates, and the war in Europe.

Cloudflare sank 9%: Cloudflare shares fell along with other cloud based stocks over weak business forecasts due to strong US dollar, inflation, rising interest rates, and the war in Europe.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell 5%: Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell on the back of weakness in energy stocks ahead of inflation data amid recession concerns, earnings release by big banks.

Ford rose 2%: Ford share price rallied over news around increase in position by a number of hedge funds and other institutional investors including Lawrence's latest $5.53 Million investment.

Freshworks sank 12%: Freshworks stock fell sharply over news around a director selling stocks in the open market. 

Global X Lithium & Battery Tech ETF fell 3%: Global X Lithium & Battery Tech ETF ended lower over negative momentum in underlying stocks such as Albemarle, SQM etc.

Invesco NASDAQ 100 ETF ended 1% lower: Invesco NASDAQ 100 ETF fell tracking the weakness in Nasdaq index ahead of inflation data amid recession concerns, earnings release by big banks.

Invesco QQQ Trust Series 1 ETF fell 1%: Invesco QQQ Trust Series 1 ETF fell following the weakness in Tech stocks ahead of inflation data amid recession concerns, earnings release by big banks.

Microsoft dropped 4%:  Microsoft fell sharply post news around cutting 1,800 jobs in an org-wide restructuring, quarterly earnings to be announced today.

Nu Jumped 5%: Nu shares rallied after positive review by analysts after the fintech firm took step to optimize funding costs, 

ProShares Bitcoin Strategy ETF fell 6%: ProShares Bitcoin Strategy ETF Fell sharply tracking the fall in Bitcoin prices and trading volumes.

ProShares UltraPro S&P 500 ETF lost 3%: ProShares UltraPro S&P 500 ETF ended lower amid weakness on wall-street ahead of inflation data amid recession concerns, earnings release by big banks.

Salesforce sank 5%: Salesforce fell sharply over negative business outlook for cloud computing companies due to enterprise project delays and a strong dollar.

Snowflake lost 6%: Snowflake fell sharply over weak business forecasts for cloud based businesses due to enterprise project delays and a strong dollar.

SPDR S&P 500 ETF fell 1%: SPDR S&P 500 ETF fell amid the weakness on wall-street ahead of inflation data amid recession concerns, earnings release by big banks.

Square gained 3%: Square shares rose ahead of earnings release by large banks, anticipation of favorable lending growth.

Twitter rose 4%: Twitter shares jumped as the company sought four-day trial in mid-Sept over $44 bln Musk deal.

Vanguard S&P 500 ETF lost 1%: Vanguard S&P 500 ETF fell tracking the weakness on wall-street ahead of inflation data amid recession concerns, earnings release by big banks.

Vanguard S&P 500 Growth ETF lost 1%: Vanguard S&P 500 Growth ETF fell on the back of weakness on wall-street ahead of inflation data amid recession concerns, earnings release by big banks.

WeWork shot up 6%: WeWork gained sharply after Fidelity Investments declared a new position in the stock, now owns 11.1% of a flexible office company.

  • What happened in the US stock market?

  • What led US stocks downward?

  • What happened to big tech stocks?

  • Any bright spot in the US stock market?

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