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Stock Market Today: Strength In Energy Stocks Like XOM

Dow Jones today rallied higher along with the Nasdaq-100, Russell 2000, and the S&P 500 Index or the SPX. Energy products that impact inflation like crude oil and natural gas were up. However, the gasoline price finished lower. Certain stocks showed strength like ConocoPhillips (COP), Valero Energy (VLO), Lockheed Martin (LMT), Caterpillar (CAT), and UnitedHealth (UNH). As far as relative weakness, both Walmart (WMT) and Amazon (AMZN) stocks experienced it today. Next, Scott Connor discusses Target (TGT) planning to reduce excess inventory and control costs. Also, Exxon Mobil (XOM) rose to an 8-year high after an Evercore ISI upgrade. Finally, Connor weighs in on economic data like Redbook and International Trade in Goods and Services reports.

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07 Jun 2022

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