Dow Jones today was down along with the S&P 500 Index and Nasdaq-100. The stock market finished down for the sixth straight day and fell to a new 52-week low. Energy products that influence inflation like crude oil, gasoline, and natural gas prices were all higher. The 10 Year Treasury Yield was down almost 4%. Overnight, volatility in bitcoin caused the crypto product to drop to the $25K price level. Next, Scott Connor discusses stocks that finished in the green, which included Amazon (AMZN), Home Depot (HD), Johnson & Johnson (JNJ), Abbvie (ABBV), and American Tower (AMT). On the other hand, stocks that finished in the red included Bank of America (BAC), Wells Fargo (WFC), Apple (AAPL), and Microsoft (MSFT). Disney (DIS) stock price fell to a new 52-week low after the earnings report was released. Also, Beyond Meat (BYND) stock price fell to an all-time low. Finally, Connor weighs in on economic data like Jobless Claims and PPI or the Producer Price Index.
13 May 2022