The S&P 500 Index and Dow Jones today finished slightly higher, while the Nasdaq-100 and the Russell 2000 finished slightly lower. Stocks struggled for direction and swung between gains and losses. In terms of energy products that impact inflation, crude oil, gasoline, and natural gas were all up. Also, the crypto product, bitcoin price reached the $39K level. Next, Scott Connor discusses the energy sector finishing strong, while the real estate and utilities sectors saw weakness. Stocks that were higher include Exxon Mobil (XOM), ConocoPhillips (COP), Sherwin-Williams (SHW), Salesforce (CRM), and Visa (V). Stocks that were lower include Public Storage (PSA), Southern Co. (SO), Meta Platforms (FB), and Netflix (NFLX). Additionally, Microsoft (MST) earnings report beat EPS estimates. The MSFT stock price today was up almost 5%. Alphabet (GOOGL) earnings report missed estimates. The GOOGL stock price today was down almost 4% following the news. Finally, Connor weighs in on economic data
27 Apr 2022