Dow Jones today rallied along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, stocks rallied to a 3-month high. Energy commodities like crude oil, gasoline, and natural gas were also positive. The crypto product, bitcoin was up over 3% and traded in the $23K price range. Next, Scott Connor weighs in on Meta Platforms (META), Netflix (NFLX), Freeport-McMoran (FCX), Amazon (AMZN), and Lowe’s (LOW) stock movement. Elon Musk sold $6.9B of Tesla (TSLA) stock movement. Also, The Trade Desk (TTD) stock price rallied after their strong earnings report was released. Finally, Connor discusses economic data like the Atlanta Fed Business Inflation Expectations and CPI or Consumer Price Index.
11 Aug 2022