US Market today: Why did Netflix share price fall? Check top gainers and losers in US stock market today
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What happened in the US stock market today?
- US market ended in red, starting the week on a poor note. Nasdaq fell 0.74%, Dow declined 0.55% and SP 500 dropped 0.41.
- Defensive stocks outperformed. FMCG, Health Services and Health Technology stocks were the top gainers in the Dow Jones.
- Bed Bath & Beyond stock plunged 18% after CFO Gustavo died by suicide on Friday. The company has also announced store closures and layoffs to fix its struggling business.
US stock market today: Top gainers and losers
| Stock price action | Reason behind the move |
|---|---|
| Arcimoto crashed 8% | Arcimoto share price fell over reports of a share price outlook downgrade by brokerage Dawson James. |
| ARK Genomic Revolution ETF fell 2% | ARK Genomic Revolution ETF price fell driven by losses in underlying stocks of Fate Therapeutics, CareDx and Teladoc Health. |
| Atlassian fell 1% | Atlassian share price extended fall over reports of analysts cutting share price target, stake sell by hedge fund AlphaCrest. |
| Cloudflare ended flat | Cloudflare share price ended flat amid negative investor sentiments due to linkage with online harassment sites. |
| Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF lost 3% | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price fell tracking the losses in the energy stocks of Antero Resources, ConocoPhillips and Continental Resources. |
| Direxion Daily Semiconductor Bull 3X ETF crashed 3% | Direxion Daily Semiconductor Bull 3X ETF price extended fall tracking the losses in chip stocks of Intel, AMD and Marvell Technology. |
| Direxion Daily Technology Bull 3X ETF lost 2% | Direxion Daily Technology Bull 3X ETF price fell on the back of sharp losses in the shares of NVIDIA, Microsoft and Apple. |
| DocuSign fell 1% | DocuSign share price ahead of earnings announcement, weak investor sentiments over uncertain business growth outlook by competitors MongoDB and Okta amid rising costs, supply concerns. |
| Facebook (Meta) fell 1% | Facebook (Meta) share price fell over reports of $402 million fine over privacy violation related to children data from Ireland's data watchdog. |
| HP fell 1% | HP share price fell over reports of cut in business growth forecast for 2nd half of year 2022. |
| Molecular Data rose 3% | Molecular Data share price witnessed jump from lower levels, stock price still down 94% in last 1-year. |
| Netflix fell 3% | Netflix share price fell ahead of its release of ad-based subscription plans, stock down 6% in last 1-month. |
| NIO lost 4% | NIO share price fell sharply over cut in the third-quarter vehicle deliveries amid supply concerns. |
| Nu fell 4% | Nu share price witnessed profitbooking, stock down 5% in last 1-week. |
| NVIDIA fell 1% | NVIDIA share price extended fall over reports of estimated hit of USD 400 million revenue from government's latest chip restrictions. |
| ProShares Bitcoin Strategy ETF crashed 6% | ProShares Bitcoin Strategy ETF price fell sharply tracking the losses in Bitcoin prices and trading volumes. |
| ProShares Ultra Semiconductors fell 1% | ProShares Ultra Semiconductors ETF price fell sharply tracking the negative trend in chip stocks of Intel, QUALCOMM and NVIDIA. |
| Rivian rose 4% | Rivian share price jumped over reports of US government's push for electric vehicle adoption. |
| Shopify lost 1% | Shopify share price fell over reports of company planning fresh round of layoffs. |
| Snap fell 4% | Snap share price extended fall over reports of the firm closing Web3 division amid layoffs of 20% of its workforce. |
| Starbucks jumped 2% | Starbucks share price jumped over reports of expansion plan in Mexico, change in CEO. |
| Tesla rose 2% | Tesla share price rose over report of 'buy' rating by large research houses, brokerages, US government's push for electric vehicle adoption. |
| Unity Software crashed 5% | Unity Software fell sharply over reports of exit by large investors, uncertainty over acquisition of ironSource. |
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.
Why did Netflix share price fall?
Netflix share price fell ahead of its release of ad-based subscription plans, stock down 6% in last 1-month.
Why is Bed Bath & Beyond stock crashing?
Bed Bath & Beyond stock plunged 18% after CFO Gustavo died by suicide on Friday. The company has also announced store closures and layoffs to fix its struggling business.
Why did Tesla stock gain?
Tesla share price rose over report of 'buy' rating by large research houses, brokerages, US government's push for electric vehicle adoption.
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