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Stock Market Today: Bitcoin, AMZN, GOOG Strength

Dow Jones today finished in the red along with the Nasdaq-100, Russell 2000, and the S&P 500 Index or the SPX. Crude oil price touched around the $120 per barrel level. On the other hand, natural gas price was down over 5% today. The 10-Year Treasury Index was up over 3%, and the crypto product, bitcoin price finally reached above the $31K level. Next, Scott Connor discusses strength in certain stocks like Amazon (AMZN), Starbucks (SBUX), Alphabet (GOOG), Netflix (NFLX), and JPMorgan Chase (JPM). Stocks that saw weakness on the day included Duke Energy (DUK), Sherwin-Williams (SHW), Exxon Mobil (XOM), and ConocoPhillips (COP). In terms of individual stocks, Tesla (TSLA) Shanghai plant restored output to 70% after Covid-19 lockdown. Also, Credit Suisse lowered Snap Inc. (SNAP) stock price target to $59 from $77 and kept an outperform rating. Finally, Connor weighs in on economic data like the Chicago PMI and Consumer Confidence.

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31 May 2022

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