HomeStock Market Today: All Indices Up, TSLA & META Strength, KO, SAM Weakness
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Stock Market Today: All Indices Up, TSLA & META Strength, KO, SAM Weakness

All indices are up as they held onto their rally.10 of 11 S&P 500 sectors are in the green. As for commodities, crude oil (/CL) closed a little lower, natural gas (/NG) is up almost 13%, and gold (/GC) rose but fell a little into the close. Bitcoin (/BTC) made its first big move to the upside in a while and the TNX is up about 3%. There is strength in the energy sector, consumer discretionary, and tech with names like Apple (APPL), Amazon (AMZN), Tesla (TSLA), and Exxon (XOM) performing the best. There is weakness in utilities, real estate, and consumer staples particularly in American Tower Corp (AMT), Coca-Cola (KO), Colgate (CL), and Duke Energy (DUK). Tigress reiterated a strong buy rating on Meta (META) and Boston Beer (SAM) was downgraded by RBC Capital. International trade in goods and services came in with a slightly larger than expected trade deficit and jobless claims are holding steady.

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07 Jul 2022

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