US Market today: HP share price fell 8%. Check top gainers and losers in US stock market today
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What happened in the US stock market today?
- US markets extended losses to the fourth day. Nasdaq was down 0.6%, Dow fell 0.9% and SP 500 ended 0.8% lower as fears of interest rate hikes due to rising inflation continue to hurt sentiments.
- After starting the month on a good note, all three indices closed lower for August. Dow lost 4.1%, S&P 500 fell 4.2% and Nasdaq ended 4.6% lower in August.
- Bed Bath and Beyond stock crashed 21% after the company said it will sell an undisclosed number of shares. The retailer has also announced $500 million in new financing and plans for layoffs.
- Warren Buffett’s Berkshire Hathaway has trimmed its stake in Chinese EV maker BYD.
US ETFs - Learn about the ETFs?
Which Indian stock has the highest allocation in one of the most popular emerging market ETFs - MSCI Emerging Markets iShares ETF (EEM)?
Reliance Industries (1.1%) has the highest allocation in MSCI Emerging Markets iShares ETF followed by Infosys.
Which stock has the highest allocation in one of the most popular Tech ETFs - Vanguard Information Technology ETF (VGT)?
Apple has the highest allocation of (19.3%) in the Vanguard Information Technology ETF.
Which sector has the highest allocation in one of the popular balanced ETF - iShares Core Aggressive Allocation ETF (AOA)?
The Technology sector has the highest allocation of (20.47%) in iShares Core Aggressive Allocation ETF.
Which stock has the highest allocation in one of the most popular emerging market ETFs - SPDR Portfolio Emerging Markets ETF (SPEM)?
Taiwan Semiconductor has the highest allocation of (4.58%) in SPDR Portfolio Emerging Markets ETF.
Which stock has the highest allocation in Cathie Wood’s famous ARK Innovation ETF (ARKK)?
Tesla has the highest allocation of (more than 7%) in Cathie Wood’s famous ARK Innovation ETF.
US stock market today: Top gainers and losers
| Stock price action | Reason behind the move |
|---|---|
| Amazon fell 2% | Amazon share price extended fall over the uncertainty about the Electronic Arts acquisition, weakness in big tech stocks due to uncertainty about US Fed's inflation control plan's impact on economy. |
| Apple lost 1% | Apple share price extended fall ahead of its product launch event on 7th Sept, stock down 7% in the last 1-week over uncertainty about US Fed's inflation control plan's impact on the economy. |
| ARK Genomic Revolution ETF fell 1% | ARK Genomic Revolution ETF price extended fall driven by losses in underlying stocks of Regeneron Pharmaceuticals and Teladoc Health. |
| 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 rallied tracking the gains in the energy stocks of ConocoPhillips, Marathon Petroleum and Devon Energy. |
| Direxion Daily Semiconductor Bull 3X ETF crashed 3% | Direxion Daily Semiconductor Bull 3X ETF price extended fall, tracking the losses in chip stocks of Marvell Tech, NVIDIA and AMD. |
| Direxion Daily Technology Bull 3X ETF crashed 3% | Direxion Daily Technology Bull 3X ETF price fell sharply on the back of sharp fall in NVIDIA, Visa and Apple. |
| Facebook (Meta) jumped 4% | Facebook (Meta) share price jumped over reports of NFT integrations, upcoming new paid features for monetization. |
| Global X Lithium & Battery Tech ETF fell 1% | Global X Lithium & Battery Tech ETF price extended its fall tracking the losses in underlying shares of Albemarle. |
| HP lost 8% | HP share price extended losses after reporting weak sales, cut in business growth forecast for 2nd half of year 2022. |
| Hycroft Mining Holding Corporation jumped 12% | Hycroft Mining Holding Corporation share price rallied over short-covering from lower levels, stock still down 31% in last 1-month. |
| 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. |
| Molecular Data lost 2% | Molecular Data share price extended fall over reports of regulatory probe on its IPO banker in Hong Kong. |
| Netflix rose 1% | Netflix share price rose over reports of focus on ad-business, hired two top ad executives. |
| NVIDIA fell 2% | NVIDIA share price extended fall over falling gaming revenue and weakness in the growth of data-center business in the June quarter. |
| PayPal jumped 2% | PayPal share price jumped over upgrade by Bank of America to ‘buy’ from ‘neutral’ post a solid cost-cutting plan revelation by the firm. |
| ProShares Bitcoin Strategy ETF rose 1% | ProShares Bitcoin Strategy ETF price rose, tracking the gains in Bitcoin prices and trading volumes. |
| ProShares Ultra Semiconductors declined 3% | ProShares Ultra Semiconductors ETF price fell sharply tracking the negative trend in chip stocks of NVIDIA, Broadcom and Intel. |
| ProShares UltraPro S&P 500 ETF lost 2% | ProShares UltraPro S&P 500 ETF price extended fall tracking the losses in S&P 500 index amid uncertainty over US Fed's plan of inflation control. |
| Rivian jumped 3% | Rivian share price rallied over positive analysts reports, entry of large investors, and upgrades to existing software. |
| Snap skyrocketed 9% | Snap share price rose sharply over the strategic restructuring execution to focus on improving sales and daily active users. |
| Tesla fell 1% | Tesla share price extended fall over weak business growth outlook anticipated in the coming quarter, stock down 9% in last 1-week. |
Why did HP share price fall?
HP share price extended losses after reporting weak sales, cut in business growth forecast for 2nd half of year 2022.
Why did Bed Bath and Beyond share price crash?
Bed Bath and Beyond crashed 21% after the company said it will sell an undisclosed number of shares. The retailer has also announced $500 million in new financing and plans for layoffs.
Why is US stock market falling?
US markets extended losses to the fourth day. Nasdaq down 0.6%, Dow fell 0.9% and SP 500 ended 0.8% lower as fears of interest rate hikes due to rising inflation continue to hurt sentiments.
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