Dow Jones today finished in the green along with the S&P 500 Index or SPX, Nasdaq-100, and Russell 2000. Overall, the stock market rallied Friday but remained lower for the week. Certain commodities that influence inflation were higher. These included crude oil, gasoline, and natural gas. The crypto product, bitcoin price was up over 1% and is close to the $21K level. Next, Scott Connor weighs in on Meta Platforms (META), Alphabet (GOOG), Johnson & Johnson (JNJ), and Wells Fargo (WFC) showing strength. On the other hand, Procter & Gamble (PG) and Nextera Energy (NEE) saw weakness on the day. UnitedHealth Group (UNH) earnings report indicated $5.57 in EPS and $80.3B in revenue, beating the estimates. Also, Netflix (NFLX) stock price rallied despite the UBS price target cut. Finally, Connor discusses economic data like Retail Sales and Consumer Sentiment.
15 Jul 2022