Dow Jones today finished higher along with the S&P 500 Index or SPX, Russell 2000, and Nasdaq-100. Crude oil price finished above the $100 level. Also, the crypto product, bitcoin was up over 8% on the day and traded in the $23K range. Next, Scott Connor weighs in on strength in Bank of America (BAC), Goldman Sachs (GS), Alphabet (GOOG), Meta Platforms (META), and Boeing (BA). The IBM Inc. (IBM) stock price fell 5% after their earnings report was released. Netflix (NFLX) earnings report indicated $3.20 in EPS and $7.97B in revenue. Netflix lost 970K subscribers in the second quarter. The NFLX stock price was trading higher in the after-hours session after the news. Finally, Connor discusses economic data like Redbook and Housing Starts.
20 Jul 2022