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Stock Market Today: TSLA, H Strength & CCI, PEP Weakness

Dow Jones today finished in the red along with the S&P 500 Index or SPX. Nasdaq-100 and Russell 2000 were slightly up. Some commodities that influence inflation like crude oil, gasoline, and gold were higher. The crypto product, bitcoin price was down over 1% and traded in the $18K level. Treasury rates rose to a new high. Stocks that showed strength included Tesla (TSLA), Lowe’s (LOW), Dow Inc. (DOW), Exxon Mobil (XOM), and Occidental Petroleum (OXY). On the other hand, stocks that showed weakness included Crown Castle (CCI), Southern Company (SO), Exelon (EXC), PepsiCo (PEP), and Procter & Gamble (PG). Next, Scott Connor weighs in on CSX Corp/ (CSX) being downgraded to neutral at UBS. Evercore ISI upgraded Hyatt (H) to outperform from in-line. The H stock price today was up over 3%. Finally, Connor discusses economic data like Durable Goods Orders, New Home Sales, and Consumer Confidence.

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27 Sep 2022

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