Dow Jones today was up around 1% along with the Nasdaq-100, Russell 2000, and S&P 500 Index or SPX. Overall, the stock market continued to rally. Some commodities that influence inflation were higher as well. These included crude oil, gasoline, natural gas, and gold. The crypto product, bitcoin price was up over 5% and traded in the $22K level. Stocks like Amazon (AMZN), Tesla (TSLA), Apple (AAPL), ConocoPhillips (COP), and Chevron (CVX) saw strength on the day. On the other hand, Meta Platforms (META) stock, previously Facebook (FB) saw relative weakness. Next, Scott Connor weighs in on the Carvana (CVNA) shares being up over 15% today after Piper Sandler upgraded the stock from neutral to overweight. Also, the Zillow Group (Z) price target was lowered by D.A. Davidson. Finally, Scott Connor weighs in on upcoming economic data like the Consumer Price Index or CPI.
12 Sep 2022