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Stock Market Today: Bitcoin Strength & NVDA, TSN Weakness

Dow Jones today finished in the green along with the Russell 2000. Overall, the stock market was little changed. Certain energy commodities that influence inflation were higher like crude oil and gasoline. However, natural gas price was down over 5%. The crypto product, bitcoin saw strength on the day and traded around the $24K price level. Next, Scott Connor weighs in on Freeport-McMoran (FCX), International Paper (IP), Simon Property Group (SPG), Exxon Mobil (XOM), and Occidental Petroleum (OXY) finishing in the green. On the other hand, General Dynamics (GD), JPMorgan Chase (JPM), Bank of America (BAC), Microsoft (MSFT), and Visa (V) saw weakness on the day. Tyson Foods (TSN) stock price dropped after their mixed earnings report was released. Nvidia (NVDA) stock price fell after a pre-announcement of disappointing earnings. Finally, Scott Connor discusses upcoming economic data like the CPI, Jobless Claims, PPI, and Consumer Sentiment reports.

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09 Aug 2022

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