Dow Jones today finished in the green along with the S&P 500 or SPX, Nasdaq-100, and Russell 2000. The stock market rallied after the Federal Reserve interest rate hike. Some commodities that impact inflation were down like crude oil and gasoline, while others traded higher like natural gas and gold. Next, Scott Connor weighs in on strength in Alphabet (GOOG), Netflix (NFLX), American Tower (AMT), Tesla (TSLA), and Amazon (AMZN). Stocks that showed weakness included Procter & Gamble (PG), Sherwin-Williams (SHW), Exxon Mobile (XOM), and ConocoPhillips (COP). Boeing (BA) stock price rallied after China Southern conducted a successful 737 MAX test flight. Also, Deutsche Bank sees a strong electric vehicle demand for General Motors (GM). Finally, Connor discusses economic data like Retail Sales and the FOMC.
15 Jun 2022