US Market today: Why did Coinbase jump 5%? Check out gainers and losers in US stocks today
What happened in the US stock market today?
- US Stocks ended higher, extending the rally after June inflation came in better-than-expected.
- The Dow Jones closed 1.27% higher to close at 33,761. The S&P 500 gained 1.73% to finish at 4,280.15, and the Nasdaq Composite surged 2.09% to 13,047.19.
- Disney extended the rally after reporting solid growth in revenue, streaming customers crossed 221 million - higher than Netflix.
- Coinbase share price rose sharply tracking the gains in cryptocurrencies prices.
US Most Active Stocks Today
|ARK Genomic Revolution ETF jumped 4%||ARK Genomic Revolution ETF price jumped sharply driven by gains in underlying stocks of Pacific, Twist and Teladoc.|
|ARK Innovation ETF gained 4%||ARK Innovation ETF price rose sharply tracking the gains in Unity, Coinbase, Teladoc, and Tesla stocks.|
|Cloudflare rose 4%||Cloudflare share price jumped after global broker Guggenheim initiated coverage with "neutral" rating and a $82.00 price target on the stock.|
|Coinbase jumped 8%||Coinbase share price rose sharply tracking the gains in cryptocurrencies prices.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF jumped 2%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking the gains in the energy stocks of ConocoPhillips and Devon Energy.|
|Direxion Daily Semiconductor Bull 3X ETF jumped 9%||Direxion Daily Semiconductor Bull 3X ETF price jumped following gains in chip stocks of NVIDIA, Marvell Tech and AMD.|
|Direxion Daily Technology Bull 3X ETF jumped 6%||Direxion Daily Technology Bull 3X ETF price rose following the jump in underlying tech stocks of NVIDIA, Apple, PayPal, and Microsoft.|
|Disney gained 3%||Walt Disney share price extended gains post reporting solid growth in revenue, streaming customers crossed 221 million - higher than Netflix.|
|First Trust Nasdaq Clean Edge Green Energy Index Fund jumped 3%||First Trust Nasdaq Clean Edge Green Energy Index Fund price rose tracking the gains in underlying stocks of ON Semiconductor, Plug Power and Albemarle Corp.|
|Netflix jumped 3%||Netflix share price extended gains over anticipation of boost in revenue from launching cheaper cost subscription plan, share up 41% in last 1-month.|
|ProShares Ultra Semiconductors jumped 6%||ProShares Ultra Semiconductors ETF price jumped driven by gains in chip stocks of NVIDIA, Broadcom and QUALCOMM.|
|ProShares UltraPro S&P 500 ETF jumped 5%||ProShares UltraPro S&P 500 ETF price rallied tracking the gains in S&P 500 index post strong consumer confidence data in the US.|
|Snapchat gained 5%||Snapchat share price jumped over reports of purchase by retirement funds, stock up 13% in last 1-week.|
|Tesla gained 5%||Tesla share price gained sharply ahead of stock split onn 24th August, stock up 27% in last 1-month.|
|Udemy jumped 6%||Udemy share price jumped sharply post multiple analysts raised price target over anticipation of strong September quarter earnings.|
|Unity gained 8%||Unity share price extended gains, up 23% in last 1-week post reports of AppLovin offering $17.5 billion for acquisition.|
|Upstart jumped 10%||Upstart share price jumped sharply, up 38% in last 1-month over anticipation of a better September quarter earnings.|
What happened in the US stock market?
US Stocks ended in green. Nasdaq and SP 500 up 2% each, while Dow ended 1% higher.
What led to the rally?
Tech, semiconductor, banks and small cap stocks jumped sharply post solid consumer confidence data in the US.
Any stock specific action?
Teladoc share price jumped sharply after research group DA Davidson recommended a ‘Buy’ rating for the telehealth company.
What happened to Walt Disney?
Walt Disney jumped another 3% - now up 12% in the last 5-days post reporting solid growth in revenue, streaming customers crossed 221 million - higher than Netflix.