US Market today: Why did Walmart gain 5%? Check out gainers and losers in US stocks today
Last updated:
What happened in the US stock market today?
- US Stocks ended mixed. Nasdaq ended 0.2% lower, Dow Jones rose 0.7%, S&P 500 up 0.2%.
- Home Depot share price gained 4% on the back of solid June quarter earnings, sales beat analysts’ estimates.
- US retail sales data in focus today, Rising inflation and high energy cost to impact.
- Bed Bath & Beyond share price spiked 29% amid the ongoing meme stock trading frenzy - stock has gained 316% in the last 1-month.
US Most Active Stocks Today
| Stock price action | Reason behind the move |
|---|---|
| Arcimoto fell 9% | Arcimoto share price fell sharply post reporting wider losses than anticipated in the June quarter. |
| ARK Genomic Revolution ETF lost 4% | ARK Genomic Revolution ETF price fell sharply driven by profit-booking in underlying stocks of Fate, CareDx, CRISPR Therapeutics, and Twist Bioscience. |
| ARK Innovation ETF lost 3% | ARK Innovation ETF price fell sharply driven by profit-booking in underlying stocks of Teladoc, Zoom, Spotify, Coinbase, and Unity Software. |
| Berkshire Hathaway gained 1% | Berkshire Hathaway share price gained over reports of repositioning of its investments, buys Apple, Chevron shares, sells Verizon stock. |
| Direxion Daily Semiconductor Bull 3X ETF fell 3% | Direxion Daily Semiconductor Bull 3X ETF price fell following the loss in chip stocks of Marvell Technology, QUALCOMM and Broadcom. |
| Direxion Daily Technology Bull 3X ETF fell 1% | Direxion Daily Technology Bull 3X ETF price fell following the losses in underlying tech stocks of NVIDIA, Microsoft and Mastercard. |
| Disney gained 1% | Disney share price extended gains post reports of new stake purchase by activist Hedge fund manager Dan Loeb, ESPN spinoff on the cards. |
| DocuSign fell 3% | DocuSign fell sharply after Tiger Global Management, the hedge fund owned by billionaire Chase Coleman, sold its stake in the stock. |
| Nu jumped 18% | Nu share price extended gains over reports of tech investor SoftBank buying a stake, solid earnings during June quarter. Stock up 42% in last 1-month. |
| ProShares Ultra Semiconductors fell 2% | ProShares Ultra Semiconductors ETF price fell driven by losses in chip stocks of QUALCOMM, Broadcom and Texas Instruments. |
| 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 earnings release by Walmart, Home Depot. |
| Rivian jumped 3% | Rivian share price jumped sharply over reports of a 'Buy' recommendation by Goldman Sachs Group with a target share price of $41. |
| Roblox fell 2% | Roblox share price extended decline on the back of profit-booking, the video game platform share price still up 20% 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. |
| Spotify fell 2% | Spotify share price fell over reports of it offering 3-month trial for its subscription service, indicating sales pressure. |
| Upstart rose 10% | Upstart share price rose sharply over reports of growth-oriented hedge fund Coatue Asset Management buying a large stake in June quarter. |
| Walmart rose 5% | Walmart share price jumped post forecasting a smaller drop in profits for the 2nd half of year 2022 than previously projected. |
| WeWork jumped 5% | WeWork share price gained sharply over technical bounceback, stock up 18% in last 1-week. |
| Zoom lost 4% | Zoom share price fell sharply after Citi downgraded it to 'Sell' due to hurdles to sustaining growth. |
Why did Walmart share price rise?
Walmart share price jumped post forecasting a smaller drop in profits for the 2nd half of year 2022 than previously projected.
Why did Zoom share price decline?
Zoom share price fell sharply after Citi downgraded it to 'Sell' due to hurdles to sustaining growth.
Why is Bed Bath & Beyond share price on a rally?
Bed Bath & Beyond share price spiked 29% amid the ongoing meme stock trading frenzy - stock has gained 316% in the last 1-month.
Share: