Dow Jones today hit a new 52-week low along with the S&P 500 and Nasdaq-100. The stock market sell-off continues. Energy commodities that impact inflation were down on the day. These include the crude oil price, gasoline, and natural gas. Also, the crypto product, bitcoin price was down over 13% and reached the $31K level. According to the VIX level, volatility remains elevated in the market. Next, Scott Connor discusses retail stocks that finished in the green. These included Walmart (WMT) and Kraft Heinz (KHC). On the other hand, FAANG stocks like Apple (AAPL) and Amazon (AMZN) were lower along with Microsoft (MSFT), Exxon Mobil (XOM), and Chevron (CVX). An industrial name, Boeing (BA) stock price fell to the lowest level since May 2020. The Lowe’s (LOW) stock moved in the other direction following a bullish analyst price target. Finally, Connor weighs in on upcoming economic data and earnings reports.
09 May 2022