US Market Today: Strong Economic data and robust earnings led US markets higher, Nasdaq gained 2.6%

us stock market news today
Share

What happened in the US stock market today?

  • US Stocks ended in green over strong economic data on the service sector and robust earnings. S&P 500 jumped 1.6%, Nasdaq skyrocketed 2.6%, and Dow ended 1.3% higher.
  • Walmart has started laying off corporate employees about a week after the retail giant slashed its profit outlook.
  • Federal Reserve President James Bullard does not think the US is in a recession, citing job gains and low unemployment.

US Most Active Stocks Today

Apple jumped 4%Apple share price jumped over reports of the firm trying to build an ad-tech platform, hiring a team.
ARK Genomic Revolution ETF jumped 5%ARK Genomic Revolution ETF price jumped sharply over the gains in underlying stocks of Ionis, Pacific, Fate, and Regeneron.
ARK Innovation ETF jumped 6%ARK Innovation ETF rallied following the gains in underlying growth stocks of Coinbase, Square, Shopify, Unity, and Twilio.
Cloudflare jumped 10%Cloudflare share price jumped ahead of June quarter's earnings, Citi upgrades the stock with $60 target price.
Coinbase skyrocketed 20%Coinbase share price surged over anticipation of a crypto regulation bill moving forward in US senate.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell 5%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell tracking the loss in the energy stocks over volatility in oil prices.
Direxion Daily Semiconductor Bull 3X ETF jumped 8%Direxion Daily Semiconductor Bull 3X ETF gained following the gains in chip stocks of Marvell, Texas Instruments and Broadcom.
Direxion Daily Technology Bull 3X ETF jumped 8%Direxion Daily Technology Bull 3X ETF rallied following the gains in underlying tech stocks of PayPal, Apple and Microsoft.
Facebook (Meta) jumped 5%Facebook (Meta) share price jumped over news of the firm trying to raise money from Bonds sale.
Freshworks jumped 8%Freshworks share price jumped after posting encouraging June-quarter's earnings, robust business growth guidance for 2nd half of year 2022.
Invesco NASDAQ 100 ETF jumped 3%Invesco NASDAQ 100 ETF price rallied sharply tracking the gains in Tech-heavy Nasdaq index.
Nu jumped 9%Nu share price jumped sharply after Steward Partners took new exposure in the stock, short-covering in Fintech stocks post solid earnings by fellow fintech specialist SoFi Technologies.
PayPal jumped 9%PayPal share price rallied over strong profit guidance for 2nd half of year 2022, $2 billion stake purchase by large hedge fund Elliott Management.
ProShares Bitcoin Strategy ETF gained 2%ProShares Bitcoin Strategy ETF (BITO) jumped sharply tracking the gains in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors jumped 4%ProShares Ultra Semiconductors ETF price jumped following the gains in chip stocks of Marvell, Texas Instruments and Broadcom.
Robinhood surged 12%Robinhood share price surged over anticipation of a crypto regulation bill moving forward in US senate, narrowing losses in June quarter.
S&P 500 Trust ETF gained 2%S&P 500 Trust ETF price jumped tracking the gains in S&P 500 index over the positive economic data on service sector.
Shopify jumped 11%Shopify share jumped sharply amid technical bounce back, stock up 21% in last 1-week.
Square gained 11%Square share price jumped ahead of its earnings, short-covering in Fintech stocks post solid earnings by fellow fintech specialist SoFi Technologies.
Twilio gained 9%Twilio share price extended gains ahead of its June quarter's earnings release, solid business growth guidance anticipated.
UiPath spiked 9%UiPath share price extended gains over acquisition of London-based NLP startup Re:infer.
Unity Software gained 10%Unity Software stock price jumped sharply over reports of possible selling of China business.
Upstart jumped 14%Upstart share price extended gains amid short-covering in Fintech stocks post solid earnings by fellow fintech specialist SoFi Technologies.
Vanguard S&P 500 ETF jumped 2%Vanguard S&P 500 ETF price jumped tracking the gains in S&P 500 index over the positive economic data on service sector.
Vanguard S&P 500 Growth ETF jumped 2%Vanguard S&P 500 Growth ETF tracking the gains in Tech and growth stocks such as PayPal, Apple and Amazon.
WeWork gained 8%WeWork share price rallied ahead of its June quarter's earnings release, upgrade by Credit Suisse.
  • Why did US stock market rise today?

  • Is US economy in Recession?

  • Why did Coinbase jump 20% today?

  • Why did PayPal gain today?

Share: