The Dow Jones today was down over 1%, while the Nasdaq-100, Russell 2000, and S&P 500 also finished in the negative as Jerome Powell announces possible 50 BPS rate hikes. In terms of energy, crude oil and gasoline were up, while natural gas was slightly lower. The 10-year treasury index reached a 2.917 level. Healthcare and real estate sectors were strong today. On the other hand, technology and energy saw some weakness. These names include Microsoft (MSFT), Apple (AAPL), Meta Platforms (FB), Alphabet (GOOGL), Chevron (CVX), and ConocoPhillips (COP). Next, Scott Connor discusses the Tesla (TSLA) earnings beat and the TSLA stock price trading higher following the news. Finally, the Jobless Claims and Philadelphia Fed Manufacturing Index data was released.
21 Apr 2022