US Market today: Why is US stock market falling? Check top gainers and losers in US stock market today

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

  • Markets started the week on a poor note. Nasdaq down 1.02%, Dow fell 0.57% and S&P 500 ended 0.67% lower as fears of interest rate hikes due to inflation hurt sentiments.
  • Technology stocks were the worst hit amid higher interest rates. Energy and utilities outperformed.
  • 3M, Salesforce fell upto 3%, emerging as the worst performers among the Dow Jones.
  •  Treasury yields soared to fresh 15-year high as bond investors remained concerned after Fed Chair Jerome Powell’s remarks on rate hikes to control inflation.

Did you know?

Q) What do foreign investors in the US most likely do when the Dollar index rises?

A) When the dollar index rises, US investors are likely to pull out money from emerging markets such as India.

US Most Active Stocks Today

Stock price actionReason behind the move
Amazon lost 1%Amazon share price extended fall over uncertainty over bidding to purchase video game developer Electronic Arts.
Apple sank 1%Apple share price fell ahead of its product launch event on 7th Sept. Weakness in big tech stocks amid uncertainty over US Fed's plan of inflation control also led to fall.
Arcimoto jumped 8%Arcimoto share price witnessed short-covering after falling to $2 per share, stock still down 24% in last 1-month.
ARK Genomic Revolution ETF crashed 2%ARK Genomic Revolution ETF price fell driven by losses in underlying stocks of Teladoc Health, Exact Sciences and Pacific Biosciences of California.
ARK Innovation ETF fell 2%ARK Innovation ETF price fell sharply driven by losses in underlying stocks of Teladoc Health, Roku and Twilio.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF jumped 2%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking the gains in the energy stocks of Continental Resources, Devon Energy and ConocoPhillips.
Direxion Daily Semiconductor Bull 3X ETF crashed 6%Direxion Daily Semiconductor Bull 3X ETF price fell sharply tracking the losses in chip stocks of Advanced Micro Devices, NVIDIA and Marvell Technology.
Direxion Daily Technology Bull 3X ETF crashed 4%Direxion Daily Technology Bull 3X ETF price fell sharply on the back of sharp fall in NVIDIA, Microsoft and Apple shares.
Google lost 1%Google (Alphabet) share price fell along with other tech stocks post an announcement of aggressive rate hike plan by US central bank at Jackson Hole meeting.
HP ended flatHP share price ended flat tracking weakness in share price of its competitor Dell over weak growth outlook, weakness in broad market over aggressive rate hike plan by US central bank.
Invesco NASDAQ 100 ETF sank 1%Invesco NASDAQ 100 ETF price extended fall tracking the losses in Tech stocks heavy Nasdaq index, increased uncertainty over US Fed's plan of inflation control led to decline.
Invesco QQQ Trust Series 1 ETF lost 1%Invesco QQQ Trust Series 1 ETF price extended fall tracking the losses in Tech stocks, increased uncertainty over US Fed's plan of inflation control led to sell-off.
Microsoft fell 1%Microsoft share price extended fall along with other big tech stocks driven by increased uncertainty over US Fed's plan of inflation control.
Netflix rose 1%Netflix share price rose over analysts positive outlook ahead of upcoming launch of new ad-supported subscription, strong growth anticipation.
NVIDIA fell 3%NVIDIA share price fell over sluggish data-centre business growth and sharp decline of its gaming revenue.
ProShares Bitcoin Strategy ETF crashed 2%ProShares Bitcoin Strategy ETF price fell tracking the losses in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors crashed 4%ProShares Ultra Semiconductors ETF price fell sharply tracking the negative trend in chip stocks after weak revenue growth outlook by Nvidia.
ProShares UltraPro S&P 500 ETF lost 2%ProShares UltraPro S&P 500 ETF price fell tracking the losses in S&P 500 index amid uncertainty over US Fed's plan of inflation control.
Salesforce fell 3%Salesforce share price extended fall over reports of firm slashing its revenue outlook amid $10 Billion share buyback.
Snowflake fell 6%Snowflake share price witnessed profit-booking after rising 28% in last 1-week. Share price still up 23% in last 5-trading session.
Vanguard S&P 500 Growth ETF lost 1%Vanguard S&P 500 Growth ETF price extended fall tracking the losses in growth stocks, increased uncertainty over US Fed's plan of inflation control led to sell-off.
  • Why is Nvidia share price on a downtrend?

  • Why is US market falling?

  • Why did Apple share price fall?

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