US Market today: Why did Apple (AAPL) share price rally? Check top gainers and losers

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

  • US markets ended higher, shaking off a 3-week losing streak. Nasdaq gained  2.11%, Dow jumped 1.19% and S&P 500 closed 1.53% higher. 
  • All three indices posted gains for the week. The Dow rose 2.8% in the week, while the S&P 500 and the Nasdaq gained 3.8% and 4.2%, respectively.
  • US stocks have recovered after the central bank reaffirmed that the US Fed would do what it takes to control inflation.

US stock market today: Top gainers and losers

Stock price actionReason behind the move
Alphabet (Google) jumped 2%Alphabet (Google) share price rose sharply over reports of its healthcare arm 'Verily' raising $1 billion for expansion.
Apple rose 2%Apple share price rose over reports of large hedge funds taking a position in the stock.
ARK Genomic Revolution ETF jumped 2%ARK Genomic Revolution ETF price jumped driven by sharp gains in the underlying stocks of Pacific Biosciences, Ionis and Twist Bioscience.
ARK Innovation ETF jumped 4%ARK Innovation ETF price jumped driven by gains in growth stocks such as Coinbase, Shopify, Unity Software and Block.
Atlassian rose 8%Atlassian share price extended gains over reports of planning to hire over 1,500 employees by end of March 2024 in India.
Cloudflare jumped 5%Cloudflare share price extended gains after the firm dropped controversial client Kiwifarms to become more socially responsible.
Coinbase jumped 11%Coinbase share price extended gains over analysts upgrade, ahead of Ethereum's The Merge - one of the crypto industry's biggest events this year.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF rose 6%Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price jumped tracking the gains in the energy stocks of ConocoPhillips, Antero Resources and Devon Energy.
Direxion Daily Semiconductor Bull 3X ETF rallied 7%Direxion Daily Semiconductor Bull 3X ETF price jumped tracking the gains in chip stocks of Marvell Technology, AMD and NVIDIA.
Direxion Daily Technology Bull 3X ETF rose 6%Direxion Daily Technology Bull 3X ETF price rose driven by gains in the shares of NVIDIA, Microsoft and Visa.
DocuSign jumped 11%DocuSign share price jumped over solid June quarter earnings and strong growth outlook.
NIO rose 8%NIO share price extended gains after reporting solid revenue in June quarter and strong growth outlook.
Nu rose 7%Nu share price extended gains as analysts upgraded stocks' outlook on the back of solid earnings estimates driven by declining funding costs.
NVIDIA rose 3%NVIDIA share price rallied driven by reports of new products launch in coming weeks.
ProShares Bitcoin Strategy ETF jumped 11%ProShares Bitcoin Strategy ETF price rose tracking the gains in Bitcoin prices and trading volumes.
ProShares Ultra Semiconductors jumped 4%ProShares Ultra Semiconductors ETF price rose sharply tracking the positive trend in chip stocks of NVIDIA, QUALCOMM and Intel.
Rivian rose 2%Rivian share price extended gains over reports of tie-up with Mercedes-Benz to build electric commercial vans in Europe.
Shopify gained 9%Shopify share price extended gains over reports of change in management, plans of new growth strategy.
Snap rose 1%Snap share price extended gains over reports of firm's focus on touching $6 billion in revenue and 450 million users quickly.
Tesla rose 4%Tesla share price extended gains over report of 'buy' rating by large research houses, brokerages, US government's push for EV adoption.
Twitter rose 1%Twitter share price extended gains amid reports of Delaware court rejecting Musk's request to delay the Twitter trial.

US ETFs - Learn about the ETFs?

Reliance Industries (1.1%) has the highest allocation in MSCI Emerging Markets iShares ETF followed by Infosys.

Apple has the highest allocation of (19.3%) in the Vanguard Information Technology ETF.

The Technology sector has the highest allocation of (20.47%) in iShares Core Aggressive Allocation ETF.

Taiwan Semiconductor has the highest allocation of (4.58%) in SPDR Portfolio Emerging Markets ETF.

Tesla has the highest allocation of (more than 7%) in Cathie Wood’s famous ARK Innovation ETF.

  • Why did Apple share price rally?

  • Why is Shopify share price rising?

  • Why is Nvidia share price gaining?

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