Dow Jones today finished in the red along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Stocks closed lower after an early week rally. Some energy commodities that influence inflation like crude oil and gasoline were higher. Stocks that showed strength included Netflix (NFLX), Meta Platforms (META), Exxon Mobil (XOM), and Chevron (CVX). On the other hand, stocks that showed weakness included Microsoft (MSFT), Pfizer (PFE), JPMorgan Chase (JPM), Bank of America (BAC), American Tower (AMT), and Crown Castle (CCI). Next, Scott Connor weighs in on United Airlines (UAL) reporting strong earnings, while saying that leisure travel demand remains resilient. Also, Tesla (TSLA) earnings report indicated $1.05 in EPS and $21.45B in revenue. Finally, Connor discusses economic data like MBA Mortgage Applications and Housing Starts & Permits.
19 Oct 2022