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Stock Market Today: TSLA & FAANG Stocks Weak, WM Stock Strong

The stock market fell sharply during today’s session. Dow Jones today along with the S&P 500 Index were both down over 2%, while the Nasdaq-100 and the Russell 2000 finished down over 3%. In particular, the Nasdaq-100 level fell to a 2022 low. Specific products that impact inflation like crude oil, gasoline, and natural gas were all higher. Next, Scott Connor weighs in on the crypto product, bitcoin price reaching the $37K price level. In terms of specific sectors, there was strength in energy and weakness in technology and consumer discretionary. Some of these stocks include Schlumberger (SLB), Valero Energy (VLO), Duke Energy (DUK), and International Paper (IP). Also, the FAANG stocks were lower like Alphabet (GOOGL), Meta Platforms (FB), Microsoft (MSFT), Apple (AAPL), and Amazon (AMZN). In addition, Tesla (TSLA) stock price dropped following Elon Musk’s $44B deal for Twitter (TWTR). On the other hand, Waste Management (WM) stock price rose on the earnings report beat. Finally, Conn

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26 Apr 2022

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