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Stock Market Today: FAANG Stocks & TSLA Lower

Dow Jones today finished lower along with the S&P 500 or the SPX, Nasdaq-100, and Russell 2000. Overall, the stock market closed negative on the week. On the other hand, energy products that impact inflation were up. These include crude oil, gasoline, and natural gas. The bitcoin price continues to hover along the $29K price level. Next, Scott Connor discusses strength in Exxon Mobil (XOM) and ConocoPhillips (COP) stocks. However, FAANG stocks like Meta Platforms (FB), Apple (AAPL), and Amazon (AMZN) saw weakness. An individual name like Lululemon (LULU) had a strong earnings report. Also, Tesla (TSLA) stock price was lower amid the news that Elon Musk wants to cut 10% of the company’s jobs. Finally, Connor weighs in on economic data like the May Jobs Report beating expectations.

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03 Jun 2022

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