Dow Jones today finished in the red along with the Nasdaq-100, S&P 500 Index or SPX, and Russell 2000. Overall, the stock market was down for the third session. However, some commodities that influence inflation like crude oil, gasoline, and gold were up on the day. The crypto product, bitcoin price was up over 1% and traded in the $19K range. Stocks that showed relative strength included Alphabet (GOOG), Meta Platforms (META), Merck (MRK), Procter & Gamble (PG), and UnitedHealth Group (UNH). On the other hand, stocks that showed weakness included Boeing (BA), UPS Inc. (UPS), Bank of America (BAC), Tesla (TSLA), and Starbucks (SBUX). Next, Scott Connor weighs in on FedEx (FDX) earnings report that indicated a revenue miss and EPS beat. Also, the Darden Restaurants (DRI) earnings report revealed a 16% profit fall year-over-year. Finally, Connor discusses economic data like Jobless Claims and Leading Indicators.
22 Sep 2022