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Stock Market Today: SBUX, FB, GOOGL, AAPL Higher After Fed Meeting

Dow Jones today was up around 3% along with the S&P 500, Nasdaq-100, and Russell 2000 after Jerome Powell’s “soft landing” comments. Energy prices like crude oil, gasoline, and natural gas all finished in the green. Also, the crypto product, bitcoin price rallied to close to the $40K level. Next, Scott Connor discusses energy and tech sectors showing gains. These stocks include Exxon Mobil (XOM), Valero Energy (VLO), Meta Platforms (FB), Alphabet (GOOGL), and Apple (AAPL). Stocks that were not up significantly include Walmart (WMT), Coca-Cola (KO), Duke Energy (DUK), Crown Castle (CCI), and American Tower (AMT). An individual name like Starbucks (SBUX) stock price was up almost 10% today after their earnings report. On the other hand, Lyft Inc. (LYFT) stock price hit a 2-year low after their earnings call. Finally, Connor weighs in on economic data like the ISM Services Index and the Fed outlining an inflation plan.

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04 May 2022

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