Dow Jones today was down slightly, while the Nasdaq-100 and S&P 500 were up slightly. The stock market faded from an early rally. Interest rate sensitive energy products like crude oil and gasoline finished in the red. However, the natural gas price finished up over 4%. Bitcoin price traded below the $30K level overnight. Next, Scott Connor discusses the technology sector showing strength with names like Microsoft (MSFT), Alphabet (GOOG), and Nvidia (NVDA). On the other hand, stocks like JPMorgan Chase (JPM), Bank of America (BAC), Duke Energy (DUK), Crown Castle International (CCI), and Prologis (PLD) saw weakness. Sysco (SYY) stock price was higher after the earnings report was released. Also, Peloton (PTON) had an earnings call. However, the PTON stock price finished down almost 9%. Finally, Connor weighs in on economic data like the NFIB Small Business Optimism and Redbook reports.
10 May 2022