US Market today: Why did Robinhood stock rally? Check top gainers and losers in the US markets
What happened in the US stock market today?
- US stocks closed lower ahead of unemployment data release. Dow Jones fell 1.15%, S&P 500 ended 1.02% lower and Nasdaq lost 0.68%.
- US’s monthly nonfarm payrolls numbers in focus for Friday, will impact US central bank’s decision on further interest rate hikes.
- Real estate, semiconductors, and small caps stocks fell the most, while energy stocks gained.
- Alphabet (Google) ended flat after the launch of new smartphones and its first smart watch.
- Pinterest share price jumped after Goldman Sachs upgraded it to Buy on the back of a jump in the daily active users on the platform.
US stock market today: Top gainers and losers
|Stock price action||Reason behind the move|
|Accuray crashed 4%||Accuray extended fall yesterday over reports of management team selling the shares.|
|Arcimoto crashed 8%||Arcimoto extended fall yesterday over reports of potentially selling up to $50 million shares to Tumim Stone Capital.|
|Bank Of America fell 1%||Bank Of America witnessed profit booking along with financial stocks yesterday, Friday's unemployment data to decide further trajectory of the share.|
|Coinbase rose 1%||Coinbase share price ended higher yesterday driven by gains in most cryptocurrencies prices and trading volumes.|
|Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares jumped 3%||Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price gained yesterday driven by rally in the energy shares of Devon Energy and ConocoPhillips.|
|Direxion Daily Semiconductor Bull 3X Shares ETF fell 2%||Direxion Daily Semiconductor Bull 3X Shares ETF price fell yesterday tracking the losses in chip stocks of Intel and Broadcom.|
|Direxion Daily Technology Bull 3X Shares ETF lost 3%||Direxion Daily Technology Bull 3X Shares ETF price fell yesterday driven by losses in the shares of Mastercard and Microsoft.|
|DocuSign fell 4%||DocuSign share price extended fall yesterday driven by Morgan Stanley's downgrade over growth concerns.|
|Hycroft Mining Holding Corporation fell 1%||Hycroft Mining Holding Corporation share price fell yesterday over reports of it receiving a delisting notice from the Nasdaq exchange.|
|IBM fell 3%||IBM share price fell along with other Tech leaders. Announcement of $20 Billion investment in New York State capped the losses.|
|Nike fell 1%||Nike ended lower yesterday driven by profit booking, share price still up 8% in last 1-week.|
|Nio fell 8%||Nio fell over reports of rising cost of capital, brokerages lowering share price targets.|
|ProShares Ultra Semiconductors fell 2%||ProShares Ultra Semiconductors ETF price fell yesterday tracking the losses in chip stocks of Intel and Broadcom.|
|Robinhood rose 4%||Robinhood share price gained over reports of settling up a data breach lawsuit in $20 million dollars.|
|Shopify fell 3%||Shopify share price fell yesterday amid reports of settling a textbook publishers' lawsuit over alleged piracy.|
|Snap jumped 1%||Snap jumped yesterday after Barclays revised the share price target to $21 per share.|
|Tesla fell 1%||Tesla share price fell yesterday amid speculations that Musk might sell more shares to fund the Twitter deal and a new 'X' app.|
|Twitter fell 4%||Twitter share price fell driven by volatility ahead of Musk-Twitter buyout.|
|Upstart jumped 4%||Upstart share price rallied over reports of an agreement of deeper business tie-up with Atlantic Federal Credit Union, anticipation of solid business growth in December quarter.|
Why did Robinhood share price rise?
Robinhood share price gained over reports of settling up a data breach lawsuit in $20 million dollars.
Why is Arcimoto stock falling?
Arcimoto extended fall yesterday over reports of potentially selling up to $50 million shares to Tumim Stone Capital.
Why did Upstart stock jump?
Upstart share price rallied over reports of an agreement of deeper business tie-up with Atlantic Federal Credit Union, anticipation of solid business growth in December quarter.