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Stock Market Today: FAANG Weakness & Energy, LVS Strength

Dow Jones today finished lower along with the Nasdaq-100, Russell 2000, and S&P 500 Index or SPX. The stock market fell for the second straight day. Some commodities that influence inflation were in the green, however. These include crude oil, gasoline, natural gas, and gold. The 10-Year Treasury yield held on to its gains and was up slightly on the day. The crypto product, bitcoin price continued to see relative weakness. Next, Scott Connor weighs in on energy being the only positive sector. Some names include Duke Energy (DUK), Exxon Mobil (XOM), and ConocoPhillips (COP). On the other hand, FAANG+ names like Meta Platforms (META), Netflix (NFLX), Microsoft (MSFT), Amazon (AMZN), and Tesla (TSLA) saw weakness. Nike (NKE) stock price fell despite a strong earnings report. Also, casino stocks like Las Vegas Sands (LVS) were up as China loosens travel laws. Finally, Connor discusses economic data like International Trade In Goods and Consumer Confidence.

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28 Jun 2022

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