Dow Jones today finished in the green along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Some energy commodities that influence inflation like gasoline and natural gas were also higher. Stocks that showed strength included Microsoft (MSFT), Costco (COST), Walmart (WMT), HCA Healthcare (HCA), and Johnson & Johnson. On the other hand, stocks that showed weakness included Chevron (CVX), American Tower (AMT), Crown Castle (CCI), and Freeport-McMoRan (FCX). Next, Scott Connor weighs in on Tesla (TSLA) cutting electric vehicle prices in China. The TSLA stock price today was down over 1%. Also, Meta Platforms (META) stock was downgraded to neutral at BofA Securities ahead of earnings. Finally, Connor discusses economic data like Chicago Fed and PMI Manufacturing.
24 Oct 2022