Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Last Friday’s stock market weakness continued likely due to concerns over rising interest rates. Some energy commodities that influence inflation were positive. These included crude oil, gasoline, and natural gas. The crypto product, bitcoin price was down almost 2% and traded in the $20K range. Stocks like Walmart (WMT), Colgate-Palmolive (CL), Duke Energy (DUK), Exxon Mobil (XOM), and ConocoPhillips (COP) showed strength. On the other hand, weakness was seen in Merck (MRK), Pfizer (PFE), Goldman Sachs (GS), Apple (AAPL), and Microsoft (MSFT). Next, Scott Connor weighs in on Netflix (NFLX) saying that no decisions have been made on an advertising supported tier price. Also, Boeing (BA) received an order for 8 more 767 freighters from UPS Inc. (UPS). Finally, Connor discusses economic data like the Dallas Fed Manufacturing Survey.
30 Aug 2022