HomeBusinessHousingStock Market Today: TSLA, META, AAPL, MSFT, AMZN Stock Weakness
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Stock Market Today: TSLA, META, AAPL, MSFT, AMZN Stock Weakness

Dow Jones today finished in the red along with the Nasdaq-100, Russell 2000, and S&P 500 Index or the SPX. The U.S. stock market fell to a new 52-week low. Certain commodities like crude oil, natural gas, and gold were up. The crypto product, bitcoin continued its move lower and finished near the $20K price level. Next, Scott Connor weighs in on stocks like Johnson & Johnson (JNJ), Procter & Gamble, and Walmart (WMT) showing relative strength. On the other hand, stocks that showed weakness included Apple (AAPL), Microsoft (MSFT), Amazon (AMZN), ConocoPhillips (COP), and Chevron (CVX). A specific company, Tesla (TSLA) increased electric vehicle prices in the U.S. by up to $6K. As a result, the TSLA stock price traded lower on the day. Also, UBS maintained a buy rating on Meta Platforms (META) and lowered the stock price target to $215 from $310. Finally, Connor discusses economic data like Housing Starts & Permits and Jobless Claims.

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16 Jun 2022

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