US Share Market Today: Dow ends lower to start week on a tepid note; check top gainers and losers
Share Market Today In The US
US stocks closed lower on Monday after posting a major rebound last week from this year’s huge declines. Wall Street is on-track to wrap up the worst first half for stocks in decades. The Dow Jones closed 0.2% at 31,438.26. The S&P 500 dropped 0.3% to 3,900.11, and the Nasdaq Composite lost 0.7%, falling to 11,524.55.
Top Gainers and Losers in US Stock Market Today
Airbnb down 2%: Airbnb fell over news of some large investors such as State of Alaska Department of Revenue, Coastal Investment Advisors sold shares in the open market.
AMC Entertainment rallied 13%: AMC Stock rallied over positive sentiment in Media stocks on the back of solid box-office performance of "Top Gun: Maverick," movie - crossing $1 billion revenue.
Apple ended flat: Apple ended flat despite news around Crypto.com adding Apple Pay as a payment option for US investors.
ARK Genomic Revolution ETF fell 2%: ARK Genomic Revolution ETF declined as underlying stocks Teladoc, Exact, Pacific Bio fell.
ARK Innovation ETF fell 2%: ARK Innovation ETF dropped following the decline in underlying growth stocks of Roku, UiPath, Teladoc, and Zoom.
Cloudflare sank 5%: Cloudflare crashed following the weak sentiments in growth stocks due to growth concerns.
Coinbase crashed 11%: Coinbase fell following the decline in the prices of cryptocurrencies, cut in target share price, profit booking after the rally last week.
Direxion Daily S&P Oil & Gas Exp. & Prod. jumped 9%: Direxion Daily S&P Oil & Gas Exp. & Prod. jumped as the underlying energy stocks of Chevron, Phillips 66, and Exxon Mobil witnessed gains.
DocuSign declined 4%: DocuSign witnessed profit booking amid weak sentiments in the tech & growth stocks, stock still up 9% in last 1-week.
Google sank 2%: Google witnessed profit booking amid weak sentiments in the tech stocks, stock still up 7% in last 1-week.
Nike fell 2%: Nike lost over weak business outlook declared during the earnings amid supply chains and China's covid lockdown concerns.
ProShares Bitcoin Strategy ETF fell 2%: ProShares Bitcoin Strategy ETF fell tracking the fall in the prices of Bitcoin.
Qualcomm gained 2%: Qualcomm gained following a victory against Apple over a patent challenge in US Supreme Court.
Rivian ended 4% lower: Rivian stock priced crashed due to cut in share price targets over supply chain troubles, Shanghai shutdowns.
Robinhood shot up 14%: Robinhood share skyrocketed over news around crypto exchange FTX considering acquiring the trading platform.
Shopify dropped 3%: Shopify shares fell amid profit booking ahead of its 10-for-1 stock split, stock still up 16% since last 1-week.
Snowflake fell 2%: Snowflake shares witnessed profitbooking following a weak sentiment in tech stocks, stock still up 21% in last 1-week.
Square lost 2%: Square shares witnessed profitbooking following a weak sentiment in growth stocks, stock still up 16% in last 1-week.
Tesla ended flat: Tesla share price ended flat following the cut in share price targets over supply chain troubles, Shanghai shutdowns.
UiPath lost 3%: UiPath shares fell over news around a plan to cut 5% of its workforce as part of restructuring plan.
What happened in the US market?
Dow down 0.2%, SP 500 fell 0.3%, Nasdaq ended 0.7% lower.
How has the US market fared in the first half of 2022?
Wall Street is preparing to wrap up the worst first half for stocks in decades.
Which sectors fell in the US market?
Tech and consumer names dragged stocks down on Monday, as the 10-year U.S. Treasury yield inched higher.
Any stocks specific action?
Shares of Spirit Airlines 8% after the company said it would accept the latest takeover bid from Frontier Group.