Dow Jones today along with S&P 500, Nasdaq-100, and Russell 2000 all finished positive as technology stocks led the comeback rally. In terms of energy products that impact inflation, both crude oil and gasoline were up, while the natural gas price was down. The 10 Year Yield reached the 2.86 level, and the crypto product, bitcoin price reached the $39K level. Next, Scott Connor weighs in on the energy sector showing strength while the consumer stapes sector showing weakness. Stocks in the green were Chevron (CVX), Alphabet (GOOGL), Netflix (NFLX), Microsoft (MSFT), and Nvidia (NVDA). Meta Platforms (FB) earnings report indicated $2.72 in EPS and $27.91B in revenue. Following the news, the FB stock price today was up over 17%. Additionally, PayPal (PYPL) earnings report showed $0.88 in EPS and $6.5B in revenue. The PYPL stock price today was up over 11% after the announcement. Finally, Connor discusses economic data like the GDP and Jobless Claims reports.
29 Apr 2022