Dow Jones today finished in the red along with the Russell 2000, Nasdaq-100, and S&P 500 Index or SPX. The markets slid as earnings season heated up and FOMC meeting began. Some commodity prices that influence inflation were lower. These included crude oil, gasoline, and gold. The crypto product, bitcoin was down over 4% and reached the $20K price level. Next, Scott Connor weighs in on stocks like Public Storage (PSA), UnitedHealth (UNH), Johnson & Johnson (JNJ), Southern Company (SO), Duke Energy (DUK) showing strength. On the other hand, stocks that showed weakness were Apple (AAPL), Meta Platforms (META), Walt Disney (DIS), Amazon (AMZN), and Tesla (TSLA). Walmart (WMT) stock price fell after cutting profit forecast. Also, Microsoft (MSFT) and Alphabet (GOOG) earnings report were released. Finally, Connor discusses economic data like the Consumer Confidence and New Home Sales reports.
27 Jul 2022