Dow Jones today finished lower along with the S&P 500 Index or the SPX and Russell 2000. The stock market today was mixed ahead of the FOMC announcement. Commodities that influence inflation like crude oil, gasoline, natural gas, and gold were all down. The crypto product, bitcoin price continues to trade lower and is now at the $21K level. Next, Scott Connor weighs in on certain stocks showing strength like Tesla (TSLA), Exxon Mobil (XOM), Chevron (CVX), Microsoft (MSFT), and Apple (AAPL). On the other hand, stocks that showed weakness included UnitedHealth (UNH), Coca-Cola (KO), Procter & Gamble (PG), Duke Energy (DUK), and Southern Company (SO). An individual name like FedEx (FDX) soared after raising quarterly cash dividend by 53%. Also, Netflix (NFLX) stock was downgraded to sell from hold at BenchMarket. Finally, Connor discusses economic data like the NFIB Small Business Optimism, Redbook, and PPI reports.
14 Jun 2022