The stock market tumbles to close the month of April as Nasdaq-100 had the worst month since 2008. Dow Jones today was down almost 3%, while the S&P 500 Index was down almost 4%. In terms of energy prices that impact inflation, both crude oil and gasoline were lower, while natural gas finished higher. Also, the crypto product, bitcoin price fell to the $38K price level. Next, Scott Connor discusses stocks like Microsoft (MSFT), Nvidia (NVDA), Lowe’s (LOW), Expedia (EXPE), Waste Management (WMT), Procter & Gamble (PG), Boeing (BA), and FedEx (FDX), which saw weakness. Amazon (AMZN) stock price had the worst day since 2006 after the release of the company’s earnings report. On the other hand, Apple (AAPL) earnings call revealed $1.52 in EPS and $97.3B in revenue, beating estimates. Finally, Connor weighs in on economic data like the Personal Income & Outlays and Consumer Sentiment.
29 Apr 2022