Dow sinks below 30,000 for first time since January: Check top stock movers

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Share Market Today

US Stocks resumed decline on Thursday as investors worried that Fed’s approach to tame inflation will also lead to lower growth, sparking off a recession. Rates hikes by the Bank of England and the Swiss National Bank also weighed on sentiments. 

The Dow dropped 2.42% to 29,927.07, while the S&P 500 slipped 3.25% to 3,666.77. The Nasdaq fell 4.08% to 10,646.10 and hit its lowest level since September 2020. Home Depot, Intel, Walgreens, JP Morgan, and Amex sank to 1-year lows. 

Check out the top stock movers from yesterday’s trade. 

Top Gainers and Losers From Share Market Today in the US

Airbnb sank 8%: Airbnb touched 1-year following a 15% cut in target share price by analysts, and weak market sentiments after the rate hike by US central bank.

Amazon fell 4%: Amazon fell sharply following the decline in the big tech stocks over the economic growth concerns after the rate hike by US central bank.

AMD crashed 8%: AMD crashed along with other semiconductor stocks over growth concerns and overall weak market sentiments post the rate hike by US central bank.

Apple lost 4%: Apple plummeted along with other big tech stocks over recession fears after the Fed’s recent rate increase.

ARK Genomic Revolution ETF crashed 4%: ARK Genomic Revolution ETF fell sharply as underlying stocks Teladoc, Exact, and Pacific Bio crashed in a broad market sell-off post rate hike by US Fed.

ARK Innovation ETF fell 6%: ARK Innovation ETF  fell sharply as underlying stocks Tesla, Roku, Teladoc, and Zoom crashed in a broad market sell-off post rate hike by US Fed.

Atlassian crashed 8%: Atlassian fell sharply along with other growth stocks in a broad market sell-off amid recession fears post rate hike by US Fed.

Cloudflare ended 9% lower: Cloudflare share price touched 1-year low amid a broad market sell-off due to recession fears post rate hike by US Fed.

Coinbase down 7%: Coinbase crashed following the weakness in crypto markets, broad equity market sell-off due to recession fears post rate hike by US Fed.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares slipped 13%: Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares ETF price crashed following the massive decline in energy stocks prices such as Marathon Petro, EQT Corp and Valero.

Direxion Semiconductor ETF crashed by 18%: Direxion Semiconductor ETF price crashed following the massive decline in semiconductor stocks prices such as Nvidia, AMD, and Intel.

DocuSign fell 6%: DocuSign shares extended fall and touched 1-year low post reporting weak earnings, growth concerns.

Ford lost 8%: Ford Motors shares crashed after issuing recalls for over 2.9 million vehicles.

Google down 3%: Google plummeted along with other big tech stocks over recession fears after the US Fed’s recent interest rate increase.

Hycroft Mining jumped 6%: Hycroft Mining extended gains over investors' interest in gold mining stocks, shares up 18% in the last 1-week.

Invesco Nasdaq 100 ETF crashed 4%: Invesco Nasdaq 100 ETF crashed tracking the Tech-heavy Nasdaq index over recession fears after the US Fed’s recent interest rate increase.

Invesco QQQ ETF crashed 4%: Invesco QQQ ETF crashed tracking the Tech-heavy Nasdaq index over recession fears after the US Fed’s recent interest rate increase.

Meta sank 5%: Meta shares prices crashed following the broad market selloff over recession fears after the US Fed’s recent interest rate increase.

ProShares Bitcoin Strategy ETF fell 4%: ProShares Bitcoin Strategy ETF fell sharply tracking the decline in Bitcoin prices.

ProShares Semiconductors ETF lost 12%: ProShares Semiconductors ETF crashed following the massive decline in semiconductor stock prices such as Nvidia, AMD and Intel.

ProShares UltraPro S&P 500 ETF slumped 10%: ProShares UltraPro S&P 500 ETF crashed following the massive decline in Big tech and financial stocks post interest rate hike by US central bank.

Roblox sank 15%: Roblox shares tumbled as Morgan Stanley cut its bookings outlook, and MKM Partners lowered its price target on the stock.

S&P 500 ETF TRUST ETF ended 3% lower: S&P 500 ETF crashed tracking the S&P 500 index over recession fears after the US Fed’s recent interest rate increase.

Vanguard S&P 500 ETF ended 3% lower: Vanguard S&P 500 ETF crashed tracking the S&P 500 index over recession fears after the US Fed’s recent interest rate increase.

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