US Market Today: Geopolitical tensions between US-China dragged the US market, Dow Jones fell 1.2%
What happened in the US stock market today?
- US Stocks ended in red over geopolitical tensions between US-China. Dow fell 1.2%, SP 500 down 0.7%, and Nasdaq ended 0.2% lower.
- All sector stocks fell with real estate and financial stocks losing the most.
- Defence companies Raytheon, Lockheed Martin, Northrop Grumman, and L3Harris gained amid the geopolitical tension between US, China over Taiwan.
US Most Active Stocks Today
|Airbnb jumped 5%||Airbnb share price gained sharply after solid quarterly earnings, bookings hit record high as travel recovers.|
|AMD jumped 3%||AMD share price jumped ahead of its earnings release, Stock is down 7% in post-market trading due to weak business forecast.|
|ARK Innovation ETF jumped 3%||ARK Innovation ETF price rallied on the back of sharp gains in the underlying shares of Coinbase, Roku and Shopify.|
|Cloudflare spiked 4%||Cloudflare share price rallied ahead of earnings release, anticipation of higher revenue growth in June quarter.|
|Coinbase jumped 7%||Coinbase share price rallied sharply as it introduced staking to more customers.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF jumped 1%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF jumped following the gains in energy stock after oil price rose.|
|Ford fell 1%||Ford share price witnessed profit booking after rising 19% in last 5-days, Citi and Morgan Stanley raised target share price post solid business growth in June quarter.|
|Freshworks jumped 4%||Freshworks share price spiked after releasing solid revenue growth, narrowing losses for June quarter.|
|HP fell 3%||HP share price fell amid weakness in industrial stocks, weak business growth anticipated over recession concerns.|
|Hycroft Mining Holding Corporation crashed 9%||Hycroft Mining Holding Corporation share price crashed sharply along with other metal stocks post weak earnings forecast by industry leader Caterpillar.|
|Intel fell 3%||Intel share price fell after global broker UBS removed it from the list of Top Picks from Tech stocks.|
|Molecular Data skyrocketed 38%||Molecular Data share price jumped sharply over rally in specially chemical stocks.|
|Shopify rose 4%||Shopify share price extended gains post announcing a $100 million strategic investment in marketing automation startup Klaviyo.|
|Twilio rose 3%||Twilio share price jumped following a positive rating by Jefferies and a $110 share price target.|
|Uber surged 19%||Uber share price jumped post solid revenue growth, plans to turn profitable this year.|
|Udemy fell 3%||Udemy share price fell ahead of earnings release, weak profit growth anticipated.|
|Unity jumped 5%||Unity share price extended gains over news of Arizona State Retirement System increasing its position in the stock.|
|Workhorse jumped 11%||Workhorse share price jumped sharply ahead of its earnings release next week, EV supply constraints to be watched.|
Why did Defence stocks jump yesterday?
Defence companies Raytheon, Lockheed Martin, Northrop Grumman, and L3Harris gained amid the geopolitical tension between US, China over Taiwan.
Which sector's stocks dragged the US stock market?
All sector stocks fell with real estate and financial stocks losing the most.
Why did Uber jump 19% on Tuesday?
Uber share price jumped post solid revenue growth, plans to turn profitable this year.
Why did HP share price fall 3%?
HP share price fell amid weakness in industrial stocks, weak business growth anticipated over recession concerns.