US Market today: Why did Nio (NIO), Apple (AAPL) share price jump? Check top gainers and losers

US stock market news today
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What happened in the US stock market today?

  • US markets ended higher, ahead of a key inflation report to be released on Tuesday. Nasdaq gained  1.27%, Dow jumped 0.71% and S&P 500 closed 1.06% higher. 
  • A weaker dollar and growing confidence that higher prices have peaked aided Wall Street’s relief rally.
  • Energy was the best performing sector in the SP 500 on Monday, boosted by a rebound for oil prices.
  • Investors await important Consumer Price Index data on Tuesday. This will provide important cues relating to Fed’s next steps.

US stock market today: Top gainers and losers

Stock price actionReason behind the move
Amazon rose 2%Amazon share price rallied over reports of closure attempts of antitrust probe in Europe, anticipation of solid festive sales.
Apple rallied 4%Apple share price rose over reports of strong IPhone 14 pre-order data, positive stock review by analysts.
ARK Genomic Revolution ETF jumped 2%ARK Genomic Revolution ETF price jumped driven by sharp gains in the underlying stocks of CRISPR, Pacific Bio and Ionis.
ARK Innovation ETF jumped 2%ARK Innovation ETF price jumped driven by gains in growth stocks such as Twilio, Unity Software and Teladoc.
Atlassian rose 2%Atlassian share price extended gains over solid expansion plan, new $137 million investments by popular hedge fund - Sequoia Capital Global Equities.
Cloudflare jumped 2%Cloudflare share price extended gains over reports of dropping controversial client Kiwifarms to become more socially responsible.
Coinbase jumped 2%Coinbase share price extended gains reflecting upon positive sentiments and rally in cryptocurrencies prices.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF rose 3%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking rally in energy stocks of Devon Energy, Antero Resources and ConocoPhillips.
Direxion Daily Semiconductor Bull 3X ETF gained 1%Direxion Daily Semiconductor Bull 3X ETF price jumped tracking the gains in chip stocks of Broadcom and Marvell Technology.
Direxion Daily Technology Bull 3X ETF rose 5%Direxion Daily Technology Bull 3X ETF price rose driven by gains in the shares of Apple and PayPal.
DocuSign jumped 3%DocuSign share price extended gains over solid June quarter earnings and strong growth outlook.
Freshworks rallied 4%Freshworks share price jumped sharply over anticipation of strong revenue growth and solid order pipeline.
NIO skyrocketed 14%NIO share price extended gains after reporting solid revenue in June quarter and strong growth outlook.
Nu rose 2%Nu share price extended gains as analysts upgraded stocks' outlook on the back of solid earnings estimates driven by declining funding costs.
NVIDIA rose 1%NVIDIA share price extended gains driven by reports of new products launch in coming weeks.
Oracle rose 2%Oracle share price rallied post strong June quarter earnings release, solid outperformance on revenue growth.
ProShares Bitcoin Strategy ETF jumped 5%ProShares Bitcoin Strategy ETF price rose tracking the gains in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors rose 1%ProShares Ultra Semiconductors ETF price rose sharply tracking the positive trend in chip stocks of Broadcom and NVIDIA.
Rivian rose 3%Rivian share price extended gains over reports of tie-up with Mercedes-Benz to build electric commercial vans in Europe.
Robinhood rose 4%Robinhood share price rose over reports of solid growth in monthly active users on the platform.
Shopify rose 1%Shopify share price extended gains over reports of change in management, plans of new growth strategy.
Tesla rose 2%Tesla share price extended gains over report of 'buy' rating by large research houses, brokerages, US government's push for EV adoption.
Twilio jumped 5%Twilio share price jumped sharply over reports of Sequoia Capital Global Equities fund buying a stake.
Twitter fell 2%Twitter share price fell amid reports of ahead of voting on whether to approve or reject Musk’s takeover bid.
UiPath jumped 6%UiPath share price rallied over reports of famous investor Cathie Wood adding over $1.2M worth of stocks in Ark ETFs.
Unity Software rose 2%Unity Software share price rose after AppLovin's acquisition plan cancellation.

US ETFs - Learn about the ETFs?

Reliance Industries (1.1%) has the highest allocation in MSCI Emerging Markets iShares ETF followed by Infosys.

Apple has the highest allocation of (19.3%) in the Vanguard Information Technology ETF.

The Technology sector has the highest allocation of (20.47%) in iShares Core Aggressive Allocation ETF.

Taiwan Semiconductor has the highest allocation of (4.58%) in SPDR Portfolio Emerging Markets ETF.

Tesla has the highest allocation of (more than 7%) in Cathie Wood’s famous ARK Innovation ETF.

  • Why is Apple share price rallying?

  • Why did Nio stock price jump?

  • Why did Twitter share price fall?

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