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Stock Market Today: Strength In Energy & Cigna, Weakness In Under Armour

Dow Jones today was down slightly along with the Nasdaq-100, S&P 500, and Russell 2000. The stock market was lower for the fifth straight week. In terms of inflationary pressures and energy prices, crude oil and gasoline were higher, while natural gas was down over 9%. The 10 Year Treasury Yield was up over 2% and the bitcoin price finished in the $36K level. Next, Scott Connor discusses the energy sector showing strength with stocks like Chevron (CVX), ConocoPhillips (COP), and Nextera Energy (NEE). On the other hand, stocks like Amazon (AMZN), Nike (NKE), Simon Property Group (SPG), Freeport-McMoran (FCX), and Sherwin-Williams (SHW) finished the day in the red. Also, the Under Armour (UAA) stock price fell to a 52-week low after posting an earnings report miss. Cigna (CI) stock price rose after an earnings report beat. Finally, Connor weighs in on economic data like the April Employment report.

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07 May 2022

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