Dow Jones today finished in the red along with Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Markets were lower for the fourth week in the last five. Some energy commodities that influence inflation like crude oil, gasoline, and natural gas were also lower. The crypto product, bitcoin price was down over 1% and traded in the $19K level. Stocks that showed strength included Wells Fargo (WFC) and UnitedHealth (UNH). On the other hand, stocks that showed weakness included Tesla (TSLA), Amazon (AMZN), and Chevron (CVX). Next, Scott Connor weighs in on JPMorgan Chase (JPM) posting better-than-expected earnings. Also, Kroger (KR) agreed to buy Albertsons in a $24.6B deal. Finally, Connor discusses economic data like Retail Sales and Consumer Sentiment.
14 Oct 2022