US Market today: Why did Coinbase rally? US stocks ended mixed, Crude oil prices fall
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What happened in the US stock market today?
- US Stocks ended mixed ahead of employment data release. Dow slipped 0.3%, S&P ended 0.1% lower whereas Nasdaq gained 0.4%.
- Energy stocks including Exxon Mobil and Chevron Corp fell as crude oil prices fell to pre Russia Ukraine war levels.
US Most Active Stocks Today
| ARK Genomic Revolution ETF jumped 2% | ARK Genomic Revolution ETF price jumped sharply over the gains in underlying stocks of Pacific, Ionis and Exact Bio. |
| ARK Innovation ETF rose 1% | ARK Innovation ETF price rose following the gains in underlying growth stocks of Coinbase, Roku and Square. |
| Coinbase skyrocketed 10% | Coinbase share price gained on the back of a deal to provide access to crypto trading and custody services to institutional clients of BlackRock - world’s largest asset manager. |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF fell 9% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell tracking the loss in the energy stocks over falling oil prices. |
| Direxion Daily Semiconductor Bull 3X ETF jumped 2% | Direxion Daily Semiconductor Bull 3X ETF gained following the gains in chip stocks of AMD, Nvidia and Qualcomm. |
| Direxion Daily Technology Bull 3X ETF rose 1% | Direxion Daily Technology Bull 3X ETF rallied following the gains in underlying tech stocks of Visa, Nvidia and Mastercard. |
| Facebook (Meta) rose 1% | Facebook (Meta) share price extended over news of the firm trying to raise money from Bonds sale. |
| Freshworks jumped 2% | Freshworks share price extended gains after reporting solid growth in June-quarter, robust business growth outlook for 2nd half of year 2022. |
| Invesco NASDAQ 100 ETF jumped 1% | Invesco NASDAQ 100 ETF price rallied sharply tracking the gains in Amazon, Nvidia and Adobe. |
| Nu jumped 5% | Nu share price extended gains post buying by hedge funds, solid revenue growth anticipation ahead of earnings next week. |
| ProShares Bitcoin Strategy ETF crashed 5% | ProShares Bitcoin Strategy ETF (BITO) price fell sharply tracking the losses 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 rose 6% | Robinhood share price extended gains over the anticipation of passing a crypto regulation bill in US senate, narrowing losses in June quarter. |
| Toyota crashed 4% | Toyota share price fell sharply after reporting a 42% fall in profits due to rising input costs and supply chain troubles. |
| UiPath jumped 2% | UiPath share price extended gains over acquisition of London-based NLP startup Re:infer. |
| Upstart lost 3% | Upstart share price fell on the back of profit-booking, stock still up 17% in last 1-week. |
| Walmart fell 4% | Walmart share price fell sharply driven by news of layoffs and cut in profit outlook for remaining half of year 2022. |
| WeWork lost 9% | WeWork share price fell sharply post reporting losses in June quarter, missing revenue growth estimates. |
Why did Energy stocks decline?
Energy stocks including Exxon Mobil and Chevron Corp fell as crude oil prices fell to pre Russia Ukraine war levels.
Why did WeWork stock fall?
WeWork share price fell sharply post reporting losses in June quarter, missing revenue growth estimates.
Why did Coinbase gain yesterday?
Coinbase share price gained on the back of a deal to provide access to crypto trading and custody services to institutional clients of BlackRock - world’s largest asset manager.
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