Dow Jones today rallied along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Some commodities that influence inflation were lower. These included crude oil, gasoline, and natural gas. However, the gold price was up over 1%. The crypto product, bitcoin price was up almost 4% and traded in the $19K level. Stocks that saw strength were DuPont De Nemours (DD), Duke Energy (DUK), Nextera Energy (NEE), Tesla (TSLA), and Starbucks (SBUX). Stocks that saw weakness included Chevron (CVX) and ConocoPhillips (COP). Next, Scott Connor weighs in on Apple (AAPL) announcing a new iPhone, Apple Watch, and AirPods. Also, Piper Sandler raised McDonald’s (MCD) price target to $270 from $263. Finally, Scott Connor discusses economic data like MBA Mortgage Applications and Trade Balance.
08 Sep 2022