The stock market today rallied into the close. Certain commodities that influence inflation finished in the red. Those included crude oil, gasoline, natural gas, and gold. The crypto product, bitcoin price was up over 6% and reached the $20K level. Next, Scott Connor weighs in on FAANG stocks showing strength. These were Alphabet (GOOG), Meta Platforms (META), Amazon (AMZN), Apple (AAPL), and Nvidia (NVDA). On the other hand, stocks that saw weakness included Freeport-McMoran (FCX), Dow Inc. (DOW), Duke Energy (DUK), Exxon Mobil (XOM), and Chevron (CVX). Tesla (TSLA) stock price today was up over 2% even as quarter two deliveries fell short. Also, Netflix (NFLX) stock price target was lowered at Piper Sandler. Finally, Connor discusses upcoming economic data.
05 Jul 2022