Dow Jones today finished slightly lower along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. The markets sold off to start the week. Some energy commodities that influence inflation like crude oil, gasoline, and natural gas were also in the red. The crypto product, bitcoin price was down over 1% and traded in the $19K level. Stocks that showed strength included Walmart (WMT), Boeing (BA), Deere & Co (DE), and Dow Inc. (DOW). On the other hand, stocks that showed weakness included Microsoft (MSFT), Crown Castle (CCI), Nvidia (NVDA), Exxon Mobil (XOM), and Chevron (CVX). Next, Scott Connor weighs in on Tesla (TSLA) delivering a monthly record of 83,135 vehicles from the Shanghai factory in September. Also, UBS downgraded Ford Motor Co. (FO) to sell from neutral. Finally, Connor discusses upcoming earnings reports this week from PepsiCo (PEP), Delta Airlines (DAL), Walgreens (WBA), JPMorgan Chase (JPM), Morgan Stanley (MS), Wells Fargo (WFC), and UnitedHealth Group (UNH).
10 Oct 2022