Dow Jones today finished in the red and erased yesterday’s gains. The S&P 500 Index or SPX closed at a new 2022 low. Some commodities that influence inflation like crude oil, gasoline, natural gas, and gold were also lower. Stocks that showed strength included ConocoPhillips (COP) and Occidental Petroleum (OXY). On the other hand, stocks that showed weakness included Tesla (TSLA), Amazon (AMZN), Crown Castle (CCI), American Tower (AMT), and Duke Energy (DUK). Next, Scott Connor weighs in on Peloton (PTON) stock price falling to an all-time low. Also, CarMax (KMX) stock fell to an over 2-year low after their earnings report missed estimates. Finally, Connor discusses economic data like GDP and Jobless Claims.
29 Sep 2022