US Market today: Why did Disney jump 5%? 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. Nasdaq lost 0.6%, SP 500 ended 0.1% lower while Dow ended 0.1% lower.
- Healthcare, Tech stocks fell the most while Energy and banking stocks gained the most.
- Bumble share price nosedived 9% after reports of cutting its revenue forecast for the 2nd half of year 2022.
- Rivian Automotive share price fell 2% after the company posted a loss in the June quarter.
US Most Active Stocks Today
| Stock price action | Reason behind the move |
|---|---|
| ARK Genomic Revolution ETF lost 2% | ARK Genomic Revolution ETF price fell sharply over the loss in underlying stocks of CareDx, Twist, Exact, and Ionis. |
| ARK Innovation ETF fell 3% | ARK Innovation ETF price fell sharply tracking the losses in Coinbase, Zoom, Block, and Tesla stocks. |
| Cloudflare lost 5% | Cloudflare share price lost sharply over reports of Credit Suisse lowering share price target to $125 per share over weak growth guidance. |
| Coinbase lost 11% | Coinbase share price fell sharply after S&P lowered its global ratings by one notch to 'BB' over weak earnings and competitive pressure and put a negative outlook. |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF jumped 8% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking the gains in the energy stocks such as Devon Energy, Antero Resources and ConocoPhillips. |
| Direxion Daily Semiconductor Bull 3X ETF lost 1% | Direxion Daily Semiconductor Bull 3X ETF price fell following profit-booking driven losses in chip stocks of Marvell Tech, AMD and Broadcom. |
| Direxion Daily Technology Bull 3X ETF fell 1% | Direxion Daily Technology Bull 3X ETF price fell following the losses in underlying stocks of NVIDIA, Mastercard, and Microsoft. |
| Disney gained 5% | Walt Disney jumped sharply post reposting solid growth in revenue, streaming customers crossed 221 million - higher than Netflix. |
| Ford gained 2% | Ford share price extended gains post favourable inflation data release in the US, reports of more incentives for electric vehicle buyers. |
| Nvidia fell 1% | Nvidia share price fell along with other chip stocks driven by profit-booking after gaining sharply over favourable inflation data release in the US. |
| ProShares Bitcoin Strategy ETF gained 3% | ProShares Bitcoin Strategy ETF (BITO) price jumped sharply tracking the gains in Bitcoin prices and trading volumes. |
| ProShares Ultra Semiconductors fell 1% | ProShares Ultra Semiconductors ETF price fell driven by profit-booking after gaining sharply over favourable inflation data release in the US. |
| Upstart fell 5% | Upstart share price fell sharply post Atlantic Securities downgraded the stock to "Underweight" after weak revenue growth guidance. |
Why did Disney stock jump?
Walt Disney jumped sharply post reposting solid growth in revenue, streaming customers crossed 221 million - higher than Netflix.
Why did Bumble share price fall sharply?
Bumble share price nosedived 9% after reports of cutting its revenue forecast for the 2nd half of year 2022.
Which sectors were the biggest gainers and losers
Healthcare, Tech stocks fell the most while Energy and banking stocks gained the most.
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