US Share Market Today: Dow extends losses as economic growth concerns weigh; check top gainers and losers

Share Market Today In The US

US stocks extended decline on Tuesday as disappointing macro data dented sentiments. The blue-chip Dow Jones fell 1.56%, to 30,946.99. The S&P 500 dropped 2.01% to 3,821.55, and the Nasdaq Composite closed 3% lower at 11,181.54. The major averages reversed those gains after the release of disappointing economic data. The consumer confidence index fell to 98.7, down from 103.2 in May and missing estimates of 100. The weak data rekindled fears of a recession even as the Federal Reserve tries to combat surging inflation with aggressive rate hikes.

Top Gainers and Losers in US Stock Market Today
 

Adobe lost 4%: Adobe extended fall following the decline in Tech stocks and weak sentiments as the company looks to miss the earnings target for the next quarter.

Airbnb down 2%: Airbnb fell over news around permanently banning the once popular 'Home Parties' feature at rental properties.

Alibaba fell 2%: Alibaba stock witnessed profit booking in weak market sentiment, stock still up 12% in the last 1-week.

Amazon crashed 5%: Amazon stock price fell sharply over news around delayed opening of its warehouses over supply-chain problems, growth concerns over potential recession.

Apple ended 3% lower: Apple ended lower over the news around its failure in creating its own 5G chip, loss against Qualcomm over a patent in US court.

ARK Genomic Revolution ETF lost 5%: ARK Genomic Revolution ETF declined as underlying stocks Teladoc, Exact, Pacific Bio fell sharply.

ARK Innovation ETF sank 6%: ARK Innovation ETF dropped following the decline in underlying growth stocks of Roku, UiPath, Teladoc, and Zoom.

Atlassian slipped 5%: Atlassian fell sharply following the weakness in growth stocks despite a big rating upgrade to 'Buy' by Goldman Sachs.

Coinbase crashed 9%: Coinbase extended fall 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. shot up 5%: Direxion Daily S&P Oil & Gas Exp. & Prod. jumped as the underlying energy stocks of Chevron, Phillips 66, and Exxon Mobil witnessed gains.

Direxion Daily Semiconductor Bull 3X ETF lost 8%: Direxion Daily Semiconductor Bull 3X ETF fell sharply tracking the massive profit booking in Semiconductors stocks of Nvidia, AMD, and Intel.

Facebook sank 5%: Facebook (Meta) share crashed over news around expected dip in ad-spends due to potential recession, probability of law-suits over teen addiction.

Google slipped 3%: Google fell following the weakness in Big Tech stocks at Nasdaq Index over growth concerns in the upcoming recession period.

Invesco NASDAQ 100 ETF fell 3%: Invesco Nasdaq 100 ETF fell sharply following the weakness in Tech-heavy Nasdaq index amid falling investor optimism over clearly visible recession.

Invesco QQQ Trust Series 1 fell 3%: Invesco QQQ Trust Series 1 fell sharply following the weakness in Tech-heavy Nasdaq index amid falling investor optimism over clearly visible recession.

Netflix lost 5%: Netflix extended decline ahead of the launch of its ad-supported subscription.

Nike dropped 7%: Nike extended fall post reporting weak business outlook amid massive supply chains issues due to China's covid lockdowns.

ProShares Bitcoin Strategy ETF fell 3%: ProShares Bitcoin Strategy ETF fell sharply tracking the continuous fall in the prices of Bitcoin and trading volumes.

ProShares Ultra Semiconductors crashed 6%: ProShares Ultra Semiconductors ETF fell sharply tracking the massive profit booking in Semiconductors stocks of Nvidia, AMD, and Intel.

Qualcomm jumped 3%: Qualcomm gained following the victory against Apple over a patent challenge in US Supreme Court.

Rivian ended 4% lower: Rivian stock extended decline over the news around cut in share price targets over supply chain troubles, Shanghai shutdowns.

Robinhood dropped 3%: Robinhood share fell as crypto exchange FTX denied any acquisition plans for Robinhood, stock still up 21% in last 5-days.

Shopify crashed 6%: Shopify shares fell amid profit booking ahead of its 10-for-1 stock split, stock still up 9% since last 1-week.

Square lost 6%: Square shares witnessed profitbooking following a weak sentiment in growth stocks, stock still up 10% in last 1-week.

SSgA S&P 500 ETF fell 2%: SSgA S&P 500 ETF fell following a decline in S&P 500 Index amid worries over falling investor optimism driven by recession and its impact on business.

Tesla sank 5% : Tesla share price crashed over concerns around the ability to meet the piled up vehicle deliveries amid the mass lay-off from the Autopilot team.

Twitter fell 1%: Twitter fell as IBM Retirement Fund cut exposure, speculation around submission of spam account data to Elon Musk.

UiPath lost 6%: UiPath extended fall over news around a plan to cut 5% of its workforce as part of restructuring plan, falling business optimism.

Vanguard S&P 500 ETF down 2%: Vanguard S&P 500 ETF fell following a decline in S&P 500 Index amid worries over falling investor optimism driven by recession and its impact on business.

Vanguard S&P 500 Growth ETF fell 3%: Vanguard S&P 500 Growth ETF fell following a decline in growth stocks over falling investor optimism due to recession concerns.