Dow Jones today was up slightly along with the Nasdaq-100, Russell 2000, and S&P 500 Index ahead of the FOMC announcement. In terms of energy products that impact inflation, both gasoline and natural gas were higher, while the crude oil price was lower. The crypto product, bitcoin price was down almost 3% and reached the $37K level. Next, Scott Connor discusses stocks that finished in the green, which included Exxon Mobil (XOM), ConocoPhillips (COP), JPMorgan Chase (JPM), Bank of America (BAC), and Simon Property Group (SPG). On the other hand, stocks that were weaker, which included Microsoft (MSFT), Procter & Gamble (PG), Costco (COT), and Amazon (AMZN). Expedia (EXPE) earnings report was released which indicated -$0.47 in EPS and $2.25B in revenue. The EXPE stock price was down over 14% on the day following the announcement. Also, Hilton (HLT) stock price fell despite the recent profit beat. Finally, Connor weighs in on economic data like Factory Orders and JOLTS.
03 May 2022