US Share Market Today: Dow jumps 2.6% in major comeback; check top gainers and losers
Share Market Today In The US
US stocks ended higher on Friday in a major comeback. The Dow Jones rallied more than 800 points on Friday, rebounding off the lows of the bear market last week and posting its first weekly advance since May. The Dow rose 2.68%, to 31,500.68, The S&P 500 was 3.06% higher to 3,911.74. The Nasdaq Composite advanced 3.34% to 11,607.62.
Top Gainers and Losers in US Stock Market Today
Airbnb rallied 8%: Airbnb witnessed sharp short covering over the expectations of soaring demand over easing lockdown restriction in China, stock up 10% in last 5-days.
Alibaba gained 5%: Alibaba extended gains along with other Chinese stocks as over news around support package by Chinese govt for growth.
AMD jumped 6%: AMD gained sharply due to short covering driven rally in all semiconductor stocks post overall negative performance over the week.
ARK Genomic Revolution ETF jumped 3%: ARK Genomic Revolution ETF jumped sharply as underlying stocks Teladoc, Exact, Pacific Bio shot up.
ARK Innovation ETF shot up 4%: ARK Innovation ETF extended gains following the rally in underlying growth stocks of Roku, UiPath, Teladoc, and Zoom.
Cloudflare gained 9%: Cloudflare witnessed short covering amid rally in growth shares at Wall Street, stock up 29% in last 1-week.
Coinbase spiked 7%: Coinbase extended gains after update on business restructuring, rally in crypto, and launch of first ever crypto derivatives product aimed at retail traders.
Direxion Daily S&P Oil & Gas Exp. & Prod. jumped 3%: Direxion Daily S&P Oil & Gas Exp. & Prod. jumped as the underlying energy stocks of Chevron, Phillips 66, and Exxon Mobil witnessed gains.
Direxion Semiconductor ETF shot up 13%: Direxion Semiconductor ETF rose sharply following the rally in the semiconductor stocks - Nvidia, AMD and Intel.
DocuSign jumped 5%: DocuSign rose over news of CEO Dan Springer stepping down, stake purchase by a large investors. Stock up 22% in the last 1-week.
Freshworks spiked 12%: Freshworks extended gains over strengthening partner and alliance teams in Latin America and Canada, stock up 23% in the last 5-days.
Google shot up 5%: Google jumped following the rally in Big Tech stocks on Wall Street, positive analysts' review and expected stock-split on 15th July.
Invesco Nasdaq 100 ETF ended 4% higher: Invesco Nasdaq 100 ETF rose sharply, tracking the gains in Tech heavy Nasdaq index amid hopes of lesser impact of recession to the US economy.
Invesco QQQ ETF up 3%: Invesco QQQ ETF rose sharply, tracking the gains in Tech heavy Nasdaq index amid hopes of lesser impact of recession to the US economy.
Meta (Facebook) shot up 7% Meta (Facebook) rose sharply amid a rally in Big Tech stocks, buy call from analysts over cheap valuation (PE) and CEO Zuckerberg's thumbs up on Metaverse progress.
Netflix ended 5% higher: Netflix gained post the massive layoffs, CEO Hastings' promises of significant investments, and proposed launch of ad-supported subscription plans.
ProShares Semiconductors ETF bounced 9%: ProShares Semiconductors ETF rose sharply following the rally in the underlying semiconductor stocks such as Nvidia, AMD, and Intel.
ProShares UltraPro S&P 500 ETF climbed 9% higher: ProShares UltraPro S&P 500 ETF jumped following the gains in S&P 500 index driven by rally in technology, growth stocks.
Roblox climbed 6%: Roblox witnessed a rally following the jump in growth stocks from lower levels - stock up 47% in the last 5 days.
S&P 500 ETF Trust ETF rose 3%: S&P 500 ETF Trust ETF rose sharply, tracking the gains in defensive and Tech stocks at S&P 500 Index amid hopes of lesser impact of recession to the US economy.
Shopify jumped 6%: Shopify extended gains post unveiling 100+ new updates & features for vendor support, stock up 26% in the last 1-week.
Snowflake surged 6%: Snowflake extended gains post JPMorgan's upgrade to 'overweight', and increase in target share price.
Square rose 6%: Square extended gains over entry by star fund manager Cathie Wood as a shareholder - took an exposure worth $5 million.
UiPath rose 4%: UiPath shares extended gains following the positive momentum in growth stocks, launch of a venture arm targeting automation, AI startups. Stock up 24% in the last 1-week.
Unity Software rallied 5%: Unity Software shares extended gains after analysts increased earnings estimates for the coming quarter, stock up 42% in the last 1-week.
Upstart shot up 6%: Upstart extended gains following the rally in growth stocks at Wall Street - stock up 27% in the last 5-days.
Vanguard S&P 500 ETF rose 3%: Vanguard S&P 500 ETF rose sharply, tracking the gains in defensive and Tech stocks at S&P 500 Index amid hopes of lesser impact of recession to the US economy.
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What happened in the US market?
Stocks rally. Dow up 2.68%, SP 500 gained 3.06%, Nasdaq shot up 3.34%.
Which sector rallied?
Bank stocks rally sharply after clearing the US central bank’s stress test on business and asset quality.
Any specific stock update?
Shopify skyrocketed 6% after unveiling 100+ new updates & features for vendor support, stock up 26% in the last 1-week.
What happened in big tech?
Meta (Facebook) rose sharply amid rally in Big Tech stocks, buy call from analysts over cheap valuation (PE) and CEO Zuckerberg's thumbs up on Metaverse progress.