Dow Jones today finished higher along with the Russell 2000, Nasdaq-100, and S&P 500 Index or the SPX. Overall, the stock market turned positive for the week. More inflation pressure is present with both crude oil and gasoline being in the green. On the other hand, the natural gas price was lower. Bitcoin, the cryptocurrency product, continues to trade along the $30K price level. Next, Scott Connor weighs in on stocks that showed strength, which include Meta Platforms (FB), Netflix (NFLX), Tesla (TSLA), and Starbucks (SBUX). An individual name, Chewy (CHWY) stock price had the largest increase in history after their earnings report was released. Also, Microsoft (MSFT) cut their earnings and revenue guidance, citing a stronger U.S. Dollar. Finally, Connor discusses economic data like Jobless Claims and Factory Orders.
02 Jun 2022