The main stocks that are plunging: Sirius XM Holdings Inc, QuantumScape Corporation, Pinnacle Financial Partners, Inc.

The leading indices are climbing up — S&P 500 goes up 1.63%, trading at 3,918.48. Nasdaq up to 11,429, gaining 2.15%.

Meanwhile, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

| Sirius XM | a $2.37 (-39.84%) fall over a month

More of the same today: Sirius XM Holdings Inc is down to $3.61, after ending yesterday at $3.63. Overall, a 0.55% loss or 2.01 cents today. Sirius XM drops 0.55% since opening around $3.65

Sirius XM is currently trading with a market cap of $14 billion with an average daily trading volume of 17.53 million shares. This year has been a gloomy one for the American broadcasting company after trading as high as $6.78 and going on to lose 37.31% of its value. So far this year, it has been under-performing the Nasdaq by 44.48%. Pointing downwards for around 3 months. $2.28 billion was Sirius XM's last reported revenue with 9 cents being the current EPS.

| QuantumScape | 39.65% fall over 18 days

QuantumScape drops 3.71% since opening around $7.55 QuantumScape is down to $7.14, after ending yesterday at $7.42. Overall, a 3.71% loss or 27.5 cents today.

| Pinnacle Financial Partners | maintaining a 24 day downtrend having fallen 32.37%

Similar trend today: Pinnacle Financial Partners is down to $56, after ending yesterday at $57.03. Overall, a 1.81% loss or $1.03 today. Pinnacle Financial Partners drops 1.81% since opening around $60.59

The company's market cap currently stands at $4.29 billion with an average daily volume of 753,472 shares. The current year has not been the best for the Tennessee bank as it lost 20.03% from its highest point of $98.26. Trending downwards for around a month. Pinnacle Financial Partners expected revenue of $430.43 million with an EPS of $2.04.