Dow Jones today made modest gains along with the Nasdaq-100, Russell 2000, and S&P 500 Index or SPX. Some commodities that influence inflation like crude oil, natural gas, and gold finished in the green. The crypto product, bitcoin price was up over 1% and traded in the $21K level. Stocks that showed strength included Wells Fargo (WFC), Bank of America (BAC), Crown Castle (CCI), ConocoPhillips (COP), and Occidental Petroleum (OXY). On the other hand, stocks that showed relative weakness were Johnson & Johnson (JNJ), Procter & Gamble (PG), and Microsoft (MSFT). Next, Scott Connor weighs in on Toll Brothers (TOL) stock price rallying after their earnings report was released. Also, Nordstrom (JWN) lowered their full-year outlook. Finally, Connor discusses economic data like Durable Goods and Existing Home Sales reports.
24 Aug 2022