Dow Jones today finished in the green along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Some commodities that influence inflation like crude oil, gasoline, natural gas, and gold were also higher. The crypto product, bitcoin price was up almost 3% and traded in the $19K range. Stocks that showed strength included Amazon (AMZN), Meta Platforms (META), Netflix (NFLX), Nvidia (NVDA), Costco (COST), Exxon Mobil (XOM), and ConocoPhillips (COP). Next, Scott Connor weighs in on Biogen (BIIB) stock price soaring following positive Alzheimer’s drug trial. Also, Bloomberg reported that Apple (AAPL) told suppliers to pull back from iPhone 14 production increase due to lack of demand. Finally, Connor discusses economic data like MBA Mortgage Applications and Pending Home Sales.
28 Sep 2022