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Stock Market Today: Airline & FAANGM Stocks Strong, Materials Sector Weak

All four major indices, the S&P 500, Dow Jones, Nasdaq-100, and Russell 2000 finished up on the day. However, energy traded lower like crude oil, gasoline, and natural gas. Bitcoin, a crypto product, was up over 1% and reached the $41K price level. Next, Scott Connor discusses the strength in FAANGM stocks, as well as TJX Companies (TJX), and General Motors (GM). On the other hand, material and utility stocks saw some weakness. Johnson & Johnson (JNJ) earnings report revealed $2.67 in EPS and $23.43B in revenue. Also, airlines stocks were among the best performers in the S&P 500 today. Finally, Connor discusses economic data, the Redbook and Housing Starts reports.

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19 Apr 2022

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