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Stock Market Today: Real Estate Weakness & ROKU, TSLA Strength

Dow Jones today finished lower along with the S&P 500 Index or the SPX, Nasdaq-100, and Russell 2000. The stock market snapped a win streak. Energy products like crude oil and gasoline were up, while natural gas traded down. The bitcoin price traded narrowly on the day and is now at the $30K price level. Next, Scott Connor discusses strength in stocks like Tesla (TSLA), Nike (NKE), Meta Platforms (FB), Alphabet (GOOG), and Exxon Mobil (XOM). On the other hand, real estate, materials, and utilities sectors saw weakness. According to Business Insider, talks are heating up for a possible Netflix (NFLX) takeover of Roku Inc. (ROKU). The ROKU stock price was higher on the news. Also, Barclays lowered their stock price target on KB Home (KBH) to $44 from $47. Finally, Connor weighs in on economic data like Mortgage Applications and Energy Inventories.

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09 Jun 2022

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