Why did Nvidia fall 6%? What led to rally in Ford stock? Check out gainers and losers in US stocks today
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What happened in the US stock market today?
- US stocks ended mixed on Monday amid decline in chip stocks ahead of inflation data.
- Novavax fell 32% in post market after slashing revenue guidance due to poor demand for Covid vaccines.
- Workhorse, Ralph Lauren, Coinbase, Spirit Airlines, Roblox to report earnings on Tuesday.
US Most Active Stocks Today
| Stock price action | Reason behind the move |
|---|---|
| ARK Genomic Revolution ETF jumped 1% | ARK Genomic Revolution ETF price jumped sharply over the gains in underlying stocks of Pacific, Twist and Teladoc. |
| Atlassian skyrocketed 4% | Atlassian share price extended gains after reporting solid revenue and raising annual business growth forecast well above analyst expectations, share price up 36% in last 1-week. |
| Coinbase skyrocketed 5% | Coinbase share price extended gains 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 rose 1% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking the gains in the energy stocks over volatile oil prices. |
| Direxion Daily Semiconductor Bull 3X ETF fell 5% | Direxion Daily Semiconductor Bull 3X ETF price fell following the losses in chip stocks after Nvidia's weak revenue guidance. |
| Direxion Daily Technology Bull 3X ETF fell 3% | Direxion Daily Technology Bull 3X ETF price extended fall following the decline in underlying tech stocks of Nvidia, Mastercard and Visa. |
| Facebook (Meta) jumped 2% | Facebook (Meta) share price jumped over reports of raising $10 Billion through bonds to invest In Metaverse-related products. |
| Ford jumped 3% | Ford share price jumped over reports of selling India production plant to Tata Motors for $91 million. |
| Netflix jumped 3% | Netflix share price extended gains over technical bounce back, stock up 32% in last 1-month. |
| Nu jumped 6% | Nu share price jumped sharply over strong business growth anticipations ahead of earnings release. |
| Nvidia lost 6% | Nvidia share price fell sharply over reports of weakness in gaming business segment growth, weak revenue anticipated in 2nd half of 2022. |
| ProShares Bitcoin Strategy ETF jumped 4% | ProShares Bitcoin Strategy ETF (BITO) price jumped sharply tracking the gains in Bitcoin prices and trading volumes. |
| ProShares Ultra Semiconductors fell 5% | ProShares Ultra Semiconductors ETF price fell following the losses in chip stocks after weak revenue guidance by Nvidia. |
| Rivian jumped 7% | Rivian jumped sharply over reports of tax-benefits by US government over purchase of electric vehicle. |
| Robinhood jumped 3% | Robinhood share price jumped following the gains in the prices of cryptocurrencies. |
| Unity gained 4% | Unity share price surged ahead of the earnings announcement, strong business growth expected. |
| Upstart jumped 9% | Upstart share price rallied over anticipation of strong earnings, stock 14% in post market trading over weak business growth guidance. |
| WeWork jumped 8% | WeWork share price extended gains after reporting earning as per analysts anticipation, stock up 10% in last 1-week. |
Why did semiconductor stocks fall?
Semiconductor stocks tanked after Nvidia share price fell sharply over reports of weakness in gaming business segment growth, weak revenue anticipated in 2nd half of 2022.
Why did Ford Jump 3%?
Ford share price jumped over reports of selling India production plant to Tata Motors for $91 million.
Who will report earnings on Tuesday?
Workhorse, Ralph Lauren, Coinbase, Spirit Airlines, Roblox to report earnings on Tuesday.
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