Dow Jones today finished in the red along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Some energy commodities that influence inflation like crude oil, gasoline, and natural gas were also lower. A stock that showed strength was Simon Property Group (SPG). On the other hand, stocks that showed weakness were Amazon (AMZN), McDonald’s (MCD), Apple (AAPL), Microsoft (MSFT), and Southern Company (SO). Next, Connor weighs in on Nike (NKE) stock price falling after their first quarter inventory jumped by 44% and potential lower demand in China. Also, Micron (MU) revealed a mixed earnings report. Finally, Connor discusses economic data like the Personal Income & Outlays and Consumer Sentiment.
30 Sep 2022