US Share Market Today: Dow jumps 2% to post best day in June; check top gainers and losers
Share Market Today In The US
The US share market rebounded on Tuesday after seeing a brutal selloff last week. The Dow Jones jumped 2.15% to 30,530.25, registering its best day for the month. The S&P 500 rose 2.45% to 3,764.79, while the Tech stock heavy Nasdaq Composite gained 2.51% to 11,069.30.
The US stock markets were closed Monday on the occasion of Juneteenth.
Top Gainers and Losers in US Stock Market Today
Alibaba rose 4%: Alibaba gained following the rally in Chinese Internet stocks following China's "618" shopping season, expecting record sales.
Apple gained 3%: Apple jumped over positive analyst rating over strong business outlook, rally in Big Tech stocks post a brutal last week.
ARK Genomic Revolution ETF rose 3%: ARK Genomic Revolution ETF gained as underlying stocks Teladoc, Exact, Pacific Bio jumped sharply following the rebound in broad market.
ARK Innovation ETF rallied 4%: ARK Innovation ETF extended gains following the rally in underlying stocks of Roku, Teladoc, and Zoom.
Coinbase shot up 12%: Coinbase extended gains following the gains in Bitcoin along with most cryptocurrency prices over the extended weekend,
Direxion Semiconductor ETF gained 8%: Direxion Semiconductor ETF gained following the rally in the semiconductor stocks - Nvidia, AMD and Intel.
DocuSign fell 2%: DocuSign shares witnessed fall amid concerns of weak earnings guidance, growth concerns.
Google shot up 4%: Google jumped sharply over the news of potentially working with Netflix on a big advertising deal.
Invesco QQQ ETF rose 3%: Invesco QQQ ETF rose tracking the recovery in the Tech heavy Nasdaq index post massive sell off over growth concerns.
Meta fell 4%: Meta (Facebook) fell sharply over delaying taking commission from creators to 2024, altering Ad Technology in settlement with the US govt.
Netflix fell 3%: Netflix stock fell sharply over news around the firm preparing for another round of layoffs amid growth concerns, business restructuring.
Nu skyrocketed 11% :Nu shares gained in a broad market recovery post rate hike by US Fed - the stock had touched 1-year low last week.
NVIDIA rallied 4%: NVIDIA rallied following the recovery in the semiconductor stocks post a massive sell off after the recent interest rate hike by the US central bank.
ProShares Bitcoin Strategy ETF rallied 2%: ProShares Bitcoin Strategy ETF jumped following the recovery in Bitcoin prices over the extended weekend.
Rivian spiked 11%: Rivian jumped following a positive momentum in all electric vehicle stocks post bullish sector outlook by Morgan Stanley.
Roblox gained 9%: Roblox extended rally following the rebounding market post a massive sell off after the recent interest rate hike by the US central bank.
Tesla shot up 9%: Tesla rallied following a positive momentum in all electric vehicle stocks post bullish sector outlook by Morgan Stanley.
Twilio rose 1%: Twilio extended gains, up 8% in the last 3-days over Scotiabank's outperform rating and $215 price target for the long term.
UiPath rose 4%: UiPath shares extended gains following the broad market rally, stock still down 56% since start of year 2022.
Unity Software ended 6% higher: Unity Software shares extended gains following the broad market rally, stock still down 73% since the start of year 2022.
Upstart jumped 10%: Upstart extended gains amid a broad market rally, post a brutal fall of 37% in the last 1-month due to growth concerns, weak earnings guidance.