Dow Jones today was up for the third consecutive session. The S&P 500 Index or the SPX, Nasdaq-100, and Russell 2000 indices were all higher. Overall, the stock market today rallied after the FOMC minutes were released. In terms of energy products that impact inflation, crude oil, gasoline, and natural gas prices finished higher. Next, Scott Connor discusses specific sectors like technology, energy, and consumer discretionary being in the green. These stocks include Microsoft (MSFT), Nvidia (NVDA), Exxon Mobil (XOM), Tesla (TSLA), and Amazon (AMZN). On the other hand, names like Walmart (WMT), Colgate-Palmolive (CL), Johnson & Johnson (JNJ) and Duke Energy (DUK) saw weakness. Dick’s Sporting Goods (DKS) stock price rallied despite a lower forecast. Also, Wendy’s (WEN) stock price today rallied after a report that the largest shareholder is considering a takeover. Finally, Connor weighs in on economic data like Durable Goods and FOMC minutes. Fed minutes included participants agreeing t
25 May 2022