Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Some commodities that influence inflation were also lower. These included gasoline, natural gas, and gold. The crypto product, bitcoin price was down over 5% and traded in the $18K level. Stocks that saw strength included Johnson & Johnson (JNJ), UnitedHealth Group (UNH), American Electric Power (AEP), American Tower (AMT), and Crown Castle (CCI). On the other hand, stocks that saw weakness included Microsoft (MSFT), Apple (AAPL), Exxon Mobil (XOM), Meta Platforms (META), and Alphabet (GOOG). Next, Scott Connor weighs in on Netflix (NFLX) planning to roll out ad-supported tiers in November. The NFLX stock price today was down over 3%. Also, Citi downgraded FedEx (FDX) stock to neutral from buy. Finally, Connor discusses economic data like the PMI Composite Final and ISM Services Index.
07 Sep 2022