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Stock Market Today: Strength In Energy, Weakness in ETSY & Mega Cap Tech

Dow Jones today was in the red along with the Nasdaq-100 and S&P 500 Index or the SPX. The stock market faded after last week’s rally. Commodities like the U.S. Dollar Index and gold also finished lower. On the other hand, crude oil was up slightly and traded at the $109 price level. The crypto product, bitcoin saw some weakness as it was down almost 2%. Next, Alex Coffey weighs in on S&P 500 winning stocks like Valero Energy (VLO), Devon Energy (DVN), Hess Corp. (JES), Marathon Oil (MRO), and Halliburton (HAL). Etsy (ETSY) was the weakest stock as Needham downgraded it to hold from buy. Finally, Coffey discusses economic data like Durable Goods and Pending Home Sales.

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27 Jun 2022

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