Dow Jones today finished higher along with the Nasdaq-100, Russell 2000, and S&P 500 or the SPX. The stock market rallied after a rough week for stocks. Energy products that influence inflation were up. These include the crude oil price and the gasoline price. However, natural gas was in the red for the day. Bitcoin price was up over 4% and traded in the $29K level. Next, Scott Connor discusses strength in stocks like Exxon Mobil (XOM), Marathon Oil (MRO), Apple (AAPL), Tesla (TSLA), and Amazon (AMZN). Elon Musk Tweeted that the Twitter (TWTR) deal is on hold, but is still committed to buying the social media app. The TWTR stock price was down almost 10% today. Also, General Motors (GM) stock price rallied after Tigress bullish note. The analyst stated that they see significant upside in the share potential amid automobile demand. Finally, Connor weighs in on economic data like Import and Export Prices and Consumer Sentiment.
13 May 2022