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Stock Market Today: AAPL Strength & F, AMZN, Bitcoin Weakness

Dow Jones today was down around 1% along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Overall, the stock market fell as the FOMC meeting began. Some energy commodities that influence inflation like crude oil, gasoline, and natural gas also finished in the red. The crypto product, bitcoin price was down almost 3% and traded in the $18K level. One of the few stocks that finished positive was Apple (AAPL). On the other hand, stocks that saw weakness included Amazon (AMZN), Home Depot (HD), Sherwin-Williams (SHW), American Tower (AMT), and Crown Castle International (CCI). Next, Scott Connor weighs in on the Ford Motor Co. (F) stock price falling after the auto company warned of $1B in supply chain costs. Also, casino stocks rose as Hong Kong looks to ease their Covid-19 quarantine policy. Finally, Connor discusses economic data like Housings Starts and the FOMC meeting.

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20 Sep 2022

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