Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, stocks closed off lows today. Some energy commodities that influence inflation like crude oil and natural gas were higher. The crypto product, bitcoin price was down about 1% and finished in the $20K level. Stocks that showed strength included UnitedHealth Group (UNH), Microsoft (MSFT), Apple (AAPL), Exxon Mobil (XOM), and Occidental Petroleum (OXY). On the other hand, stocks that showed weakness included Dow Inc. (DOW), Crown Castle (CCI), American Tower (AMT), Duke Energy (DUK), and Southern Co. (SO). Next, Scott Connor weighs in on Tesla (TSLA) stock price falling after Elon Musk agrees to buy Twitter for $44B. Also, Airbnb (ABNB) was initiated to outperform by Bernstein with a $143 stock price target. Finally, Connor discusses economic data like ADP Non-farm Employment and ISM Services Index.
05 Oct 2022