US Market today: Why did Tesla jump 3%? Check out gainers and losers in US stocks today
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What happened in the US stock market today?
- US Stocks ended in green. Nasdaq ended 0.6% higher, Dow Jones rose 0.5%, SP 500 up 0.4%.
- Walmart and Home Depot to announce quarterly earnings before the market opens on Tuesday.
- Energy stocks price fell amid falling oil prices and weak economic growth in China. Valero and Marathon Oil fell 3% each, Chevron fell 2%.
- Bed Bath & Beyond share price spiked 24% amid the ongoing meme stock trading frenzy - stock has gained 223% in the last 1-month.
US Most Active Stocks Today
| Stock price action | Reason behind the move |
|---|---|
| ARK Genomic Revolution ETF rose 1% | ARK Genomic Revolution ETF price jumped sharply driven by gains in underlying stocks of Fate, Vertex and Exact Sciences. |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF lost 5% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell tracking the losses in the energy stocks of Antero Resources and Marathon Petroleum. |
| Direxion Daily Semiconductor Bull 3X ETF rose 1% | Direxion Daily Semiconductor Bull 3X ETF price rose following the gains in chip stocks of NVIDIA, Intel and QUALCOMM. |
| Direxion Daily Technology Bull 3X ETF rose 2% | Direxion Daily Technology Bull 3X ETF price rose following the jump in underlying tech stocks of Visa, NVIDIA and Mastercard. |
| Disney gained 2% | Disney share price jumped post reports of new stake purchase by activist Hedge fund manager Dan Loeb, ESPN spinoff on the cards. |
| Nu jumped 10% | Nu share price rallied over reports of tech investor SoftBank buying a stake, solid earnings anticipated during June quarter. |
| ProShares Ultra Semiconductors rose 1% | ProShares Ultra Semiconductors ETF price rose driven by gains in chip stocks of NVIDIA, Intel and QUALCOMM. |
| ProShares UltraPro S&P 500 ETF gained 1% | ProShares UltraPro S&P 500 ETF price extended gains tracking the rise in S&P 500 index post strong consumer confidence data in the US. |
| Rivian fell 4% | Rivian share price fell sharply over reports of $1.7B loss in June quarter, maintains the production plan of 25,000 electric vehicles this year. |
| Roblox fell 4% | Roblox share price declined on the back of profit-booking, the videogame platform share price still up 23% in last 1-month. |
| Snapchat gained 5% | Snapchat share price extended jumped over reports of crossing 1 million premium subscribers, stock up 20% in last 1-month. |
| Tesla gained 3% | Tesla share price gained sharply post crossing a major production milestone of 3 million electric vehicles, including 1 million in China. |
| Unity lost 7% | Unity Software share price crashed post rejecting the unsolicited takeover offer from AppLovin. |
| Upstart fell 5% | Upstart share price witnessed profit-booking over rising cost of funds for the digital lender, stock still up 27% in last 1-month. |
| Zoom rose 3% | Zoom share price jumped ahead of June quarter earnings release, strong user growth anticipated. |
Why did Energy stocks fall?
Energy stocks price fell amid falling oil prices and weak economic growth in China. Valero and Marathon Oil fell 3% each, Chevron fell 2%.
Which major companies to report earnings today?
Walmart and Home Depot to announce quarterly earnings before the market opens on Tuesday.
Why is Bed, Bath & Beyond stock on a rally?
Bed Bath & Beyond share price spiked 24% amid the ongoing meme stock trading frenzy - stock has gained 223% in the last 1-month.
Why did Nu share price jump?
Nu share price rallied over reports of tech investor SoftBank buying a stake, solid earnings anticipated during June quarter.
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