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Stock Market Today: AMZN, SBUX Strength & KSS, MU, NVDA Weakness

Dow Jones today was up around 1% along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. All 11 S&P 500 sectors closed positive. In terms of some commodities that influence inflation, crude oil, gasoline, natural gas, and gold were higher. The crypto product, bitcoin price was up over 3% and closed at the $19K level. Next, Scott Connor weighs in on certain stocks showing more strength than others. These included Amazon (AMZN), Starbucks (SBUX), Crown Castle International (CCI), Southern Company (SO), and Nextera Energy (NEE). On the other hand, stocks like Freeport McMoran (FCX), Alphabet (GOOG), Meta Platforms (META), and Nvidia (NVDA) showed relative weakness. Kohl’s (KSS) stock price plummeted after ending takeover talks. Also, Micron (MU) stock price fell to a 52-week low after their earnings report was released. Finally, Connor discusses economic data like PMI and ISM Manufacturing Index.

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01 Jul 2022

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