Dow Jones today finished lower along with the Nasdaq-100, Russell 2000, and S&P 500 Index or SPX. Natural gas, one of the commodities that influence inflation, was up over 8%. The crypto product, bitcoin price was down over 6% and traded within the $20K level. Next, Scott Connor weighs in on Southern Company (SO) and Nextera Energy (NEE) showing relative strength. On the other hand, Apple (AAPL), Amazon (AMZN), Tesla (TSLA), Alphabet (GOOG), and Meta Platforms (META) stocks showed weakness. Twitter (TWTR) stock price fell after Elon Musk said that he was terminating the takeover. Also, Uber Technologies (UBER) faces allegations of improper business practices in a Guardian report. Finally, Connor discusses upcoming earnings and economic data for the week.
11 Jul 2022