US Market today: Why did Tesla stock gain? Check out gainers and losers in US stocks today
What happened in the US stock market today?
- US Stocks ended slightly lower. Dow Jones down 0.5%, SP 500 ended 0.2% lower while Nasdaq ended flat.
- US markets ended lower as investors awaited more guidance from Fed Chairman Jerome Powell on Fed's tightening path.
- JD.com beats revenue and profit estimates, but posted its slowest on-year revenue growth on record.
- Nordstrom stock down 14% in extended trading after slashing its financial forecast for the full year.
- Intuit stock jumped in extended trading after authorizing a $3.5 billion share buyback and raising its quarterly dividend.
US Most Active Stocks Today
|Stock price action||Reason behind the move|
|Arcimoto fell 2%||Arcimoto share price extended fall over reports of change in high-level executives, stock down 19% in last 1-week.|
|ARK Genomic Revolution ETF rose 2%||ARK Genomic Revolution ETF price rose driven by gains in underlying stocks of Pacific Biosciences, Twist Bioscience and CRISPR Therapeutics.|
|ARK Innovation ETF fell 1%||ARK Innovation ETF price fell driven by losses in underlying stocks of Zoom, Roku and Block.|
|Cloudflare fell 1%||Cloudflare share price extended losses over controversy for providing services to the gossip site Kiwi Farms, stock down 14% in last 1-week.|
|Coinbase ended flat||Coinbase share price ended flat after falling 19% in last 1-week on the back of reports of regulatory risks over the new feature of Ethereum Staking.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF gained 4%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price rose tracking the gains in the energy stocks of Devon Energy, Marathon Petroleum and ConocoPhillips.|
|Direxion Daily Semiconductor Bull 3X ETF rose 2%||Direxion Daily Semiconductor Bull 3X ETF price rose following the gains in chip stocks of Marvell Technology, NVIDIA and Texas Instruments.|
|Direxion Daily Technology Bull 3X ETF fell 1%||Direxion Daily Technology Bull 3X ETF price fell following the losses in underlying stocks of Mastercard and Visa.|
|DocuSign lost 3%||DocuSign share price extended fall over reports of a price target cut and downgrade from RBC Research, company in hunt for a new CEO.|
|Ford rose 2%||Ford share price rose over reports of business restructuring along with job cuts, plans to divert full focus towards electric vehicles.|
|Netflix fell 1%||Netflix share price extended fall over reports of 'Sell' rating by CFRA research and cut in share price target to $238.|
|Nu rose 1%||Nu share price witnessed short covering post losing 15% in last 1-week, Solid growth in June quarter revenue, Softbank's purchase boosted investor sentiments.|
|NVIDIA rose 1%||NVIDIA share price rose ahead of its earnings release this week, concern of chip shortage to drive the investor sentiments.|
|ProShares Bitcoin Strategy ETF rose 2%||ProShares Bitcoin Strategy ETF price rose tracking the gains in Bitcoin prices and trading volumes.|
|ProShares Ultra Semiconductors gained 1%||ProShares Ultra Semiconductors ETF price rose driven by gains in chip stocks of NVIDIA, Texas Instruments and Intel.|
|ProShares UltraPro S&P 500 ETF fell 1%||ProShares UltraPro S&P 500 ETF price fell tracking the losses in S&P 500 index amid concerns of aggressive rate hike by US central bank.|
|Rivian lost 3%||Rivian share price extended fall over reports of the firm cancelled production of its most affordable electric truck.|
|Robinhood rose 2%||Robinhood share price gave technical bounce-back after touching low of $9 per share. Stock down 15% in last 1-week over reports declining monthly active users in July, cutting the acquisition offer by half for UK fintech Ziglu.|
|Roblox fell 1%||Roblox share price extended decline over reports of hedge fund Altos Ventures selling a stake in open market, stock down 13% in last 1-week.|
|Shopify fell 2%||Shopify share price extended fall, down 16% in last 1-week, over reports of weak business growth forecast, looming analyst downgrades.|
|Snapchat lost 4%||Snapchat share price extended fall over reports analyst downgrade, settling a privacy lawsuit by paying $35 million.|
|Square lost 3%||Square share price extended fall over the downgrade by Macquarie. Launch of Buy Now Pay Later for seller in UK did not boost sentiments.|
|Tesla rose 2%||Tesla share price rose ahead of its 3-for-1 stock split.|
|Twilio fell 1%||Twilio share price extended fall over reports of management team selling stocks in the open market.|
|Twitter fell 7%||Twitter share price fell sharply over reports of it misleading investors, regulator over spam issues, weak cybersecurity policies.|
|Uber ended 1% lower||Uber share price fell over reports of Mirae Asset Global Investments selling more than 8 Lakh Shares last week.|
|Upstart fell 1%||Upstart share price fell over anticipation of weak profit ratios, lending business growth due to rising interest rates in the US.|
|Zoom fell 17%||Zoom share price fell sharply over reports of the company facing difficulty attracting new, paying subscribers impacting growth estimates.|
Why did US markets end lower?
US markets ended lower as investors awaited more guidance from Fed Chairman Jerome Powell on Fed's tightening path.
Why did Snap share price fall?
Snapchat share price extended fall over reports analyst downgrade, settling a privacy lawsuit by paying $35 million.
Why did Tesla stock gain?
Tesla share price rose ahead of its 3-for-1 stock split.