Dow Jones today was down over 1% along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, the stock market closed at session lows in a roller coaster day following the Federal Reserve’s 75BPS rate hike. However, some energy commodities like gasoline and natural gas finished the day in the green. The VIX or the Fear Index indicated that there was more market volatility today. One of the few stocks that were up today was Walmart (WMT). Stocks that showed weakness included Alphabet (GOOG), Meta Platforms (META), Amazon (AMZN), and Tesla (TSLA). Next, Scott Connor weighs in on Microsoft (MSFT) raising their quarterly dividend by 10% to $0.68 per share. Also, General Mills (GIS) beat earnings estimates and raised their fiscal year outlook. Finally, Connor discusses economic data like Existing Home Sales and the FOMC announcement.
21 Sep 2022