US Market today: Why is Tesla share price falling? Check top gainers and losers in the US markets

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

  • US stocks ended lower on Thursday. Nasdaq down 1.4%, S&P 500 dropped 0.8% and Dow Jones declined 0.3%.
  • Investors' sentiments remained sour after the US Central Bank raised interest rates by 0.75%, and indicated that it will hike rates further to fight inflation.
  • Growth-oriented tech stocks and semiconductors fell on Thursday amid fears of slowing economic growth.
  • Airline stocks also took a hit, with shares of United, American Airlines and Delta down roughly 4% each.
  • Eli Lilly share price gained 4.9% after UBS upgraded the stock and said it could be developing the biggest drug ever.

US stock market today: Top gainers and losers

Stock price actionReason behind the move
Adobe ended flatAdobe share price ended flat after touching 1-year low, valuation concerns arising from Figma acquisition deal led to weakness.
Airbnb fell 9%Airbnb share price ended sharply lower amid concerns over possible lockdowns in more chinese cities, stock down 14% in last 5-trading sessions.
Amazon fell 1%Amazon share price extended fall amid reports of UK regulator's probe over market monopoly.
AMD lost 7%AMD share price fell along other chip stocks after Bank of America research raised concerns over earnings growth outlook.
Apple fell 1%Apple share price fell over reports of a possible deal with Chinese chipmaker, US senators seek details.
ARK Innovation ETF fell 4%ARK Innovation ETF price fell, driven by the losses in underlying growth stocks of Roku, Coinbase and Shopify.
Bank Of America fell 2%Bank Of America share price fell along with other bank stocks as US senators grilled CEOs on consumer protections, social issues.
Berkshire Hathaway fell 1%Berkshire Hathaway share price extended fall along with financial stocks after the US central bank's decision of 0.75% interest rate hike.
Cloudflare fell 8%Cloudflare share price fell sharply over reports of exit by many investors, management selling stocks in open market.
Coinbase crashed 7%Coinbase share price ended fell over reports of a new speculative crypto trading venture, regulatory probe eyed.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF fell 4%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell driven by losses in energy stocks of Antero Resources and Devon Energy.
Direxion Daily Semiconductor Bull 3X Shares ETF fell 8%Direxion Daily Semiconductor Bull 3X Shares ETF price fell, tracking the losses in chip stocks of AMD, NVIDIA and Marvell Tech.
Direxion Daily Technology Bull 3X Shares ETF fell 3%Direxion Daily Technology Bull 3X Shares ETF price fell, driven by losses in the shares of NVIDIA, PayPal and Mastercard.
Disney fell 2%Disney share price fell post analysts' concerns over theme park business's revenue growth, stock down 11% in last 1-month.
Ford lost 2%Ford share price fell amid reports of management shuffle amid global supply chain concerns, stock down 13% in last 5-trading sessions.
Global X Lithium & Battery Tech ETF fell 2%Global X Lithium & Battery Tech ETF price fell tracking lithium prices and losses in underlying stock of Albemarle Corporation.
Google (Alphabet) rose 1%Google (Alphabet) share price rose slightly after touching 1-year low, report of favorable long term outlook by Raymond James brokerage.
Intuit crashed 3%Intuit share price extended fall, down 12% since last 1-month, driven by weak earnings growth outlook.
Invesco NASDAQ 100 ETF fell 1%Invesco NASDAQ 100 ETF price fell tracking the losses in tech stocks driven by recession fears post the US central bank's decision of 0.75% interest rate hike.
Invesco QQQ Trust Series 1 ETF fell 1%Invesco QQQ Trust Series 1 ETF price fell tracking the losses in tech stocks driven by recession fears post the US central bank's decision of 0.75% interest rate hike.
JPMorgan fell 1%JPMorgan share price fell along with other bank stocks as US senators grilled CEOs on consumer protections, social issues.
Mastercard fell 2%Mastercard share price touched 1-year low amid reports of potential regulatory actions over 'Buy Now Pay Later' business.
Meta (Facebook) ended flatMeta (Facebook) share price ended flat after touching 1-year low, reports of regulatory probe over users' tracking on iOS capped gains.
Microsoft ended 1% higherMicrosoft share price rose slightly after touching 1-year low, legal hurdle in UK for $69 billion Activision acquisition deal capped gains.
Nike fell 1%Nike share price touched 1-year low post weak growth forecast, brokerage downgrades.
Nio ended flatNio share price ended flat, geopolitical concerns due to Russia's ties to China, more potential lockdowns led to volatility.
ProShares Bitcoin Strategy ETF rose 2%ProShares Bitcoin Strategy ETF price rose driven by gains in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors fell 6%ProShares Ultra Semiconductors ETF price fell tracking the losses in chip stocks of NVIDIA and Intel.
ProShares UltraPro S&P 500 ETF lost 3%ProShares UltraPro S&P 500 ETF price extended decline driven by recession fears after the 0.75% hike in interest rate by US central bank.
Roblox fell 2%Roblox share price extended fall over weaker than anticipated August month numbers for daily active users and revenue.
S&P 500 ETF fell 1%S&P 500 ETF price extended decline driven by recession fears after the 0.75% hike in interest rate by US central bank.
Shopify fell 6%Shopify share price touched 1-year low, concerns over short term growth outlook hurt investor sentiments.
Tesla fell 4%Tesla share price ended lower driven by an order from the National Highways Traffic Safety Administration to initiate a recall of over a million vehicles.
Vanguard S&P 500 ETF fell 1%Vanguard S&P 500 ETF price extended decline driven by recession fears after the 0.75% hike in interest rate by US central bank.
Vanguard S&P 500 Growth ETF fell 1%Vanguard S&P 500 Growth ETF price extended decline driven by recession fears after the 0.75% hike in interest rate by US central bank.
  • Why did Tesla share price fall?

  • Why did Airbnb stock crash?

  • Why is AMD share price falling?

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