Dow Jones today finished higher along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. The stock market rallied to begin the week. Commodities that impact inflation were mixed. Crude oil and gasoline were slightly up on the day, while natural gas and gold were slightly down. The crypto product, bitcoin was in the green and within the $20K price level range. Next, Scott Connor weighs in on stocks like UnitedHealth (UNH), Johnson & Johnson (JNJ), Tesla (TSLA), Amazon (AMZN), and Exxon Mobil (XOM) as they all showed strength. Relative weakness was seen in stocks like Boeing (BA), Meta Platforms (META), and International Paper (IP). Kellogg (K) plans to split into three companies. The K stock price was up almost 2% on the day following the news. Also, the Lennar (LEN) stock rallied after an earnings beat. Finally, Connor discusses economic data like the Chicago Fed and Existing Home Sales.
21 Jun 2022