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Stock Market Today: Oil Falls To Lowest Level Since January 2022

Dow Jones today finished in the red along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Overall, markets fell to lowest levels since June 2022. Also, some commodities that influence inflation like crude oil, gasoline, natural gas, and gold were also lower. Specifically, oil fell below $80 for the first time since January 2022. The crypto product, bitcoin price was down over 2% and traded in the $18K range. Stocks that showed weakness included Tesla (TSLA), Amazon (AMZN), Chevron (CVX), DuPont De Nemours (DD), and ConocoPhillips (COP). Next, Scott Connor weighs in on BMO Capital upgrading the Domino’s Pizza (DPZ) stock to outperform. The DPZ stock price today was up over 3%. On the other hand, Costco (COST) shares fell despite their earnings report beating estimates. Finally, Connor discusses economic data like the PMI Composite.

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23 Sep 2022

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