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Stock Market Today: GME, FSLR, PFE Strength

Dow Jones today was in the green along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. The stock market gained for the second straight day. Some commodities that influence inflation were also higher. These included crude oil, gasoline, and natural gas. The crypto product, bitcoin price was up almost 2% and traded in the $19K level. Stocks like International Paper (IP), Pfizer (PFE), UnitedHealth (UNH), Bank of America (BAC), and Wells Fargo (WFC) saw strength. Stocks that saw weakness included Netflix (NFLX), Alphabet (GOOG), Southern Company (SO), PepsiCo (PEP), and Colgate-Palmolive (CL). Next, Scott Connor weighs in on Goldman Sachs double upgrading of First Solar (FSLR) to buy from sell. Also, GameStop (GME) announced a partnership with crypto-exchange FTX. Finally, Connor discusses economic data like Jobless Claims and Jerome Powell’s commentary.

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08 Sep 2022

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