The markets closed near session highs. In terms of energy, crude oil was up almost 4%, gasoline was up over 4%, and natural gas was up over 5%. Next, Scott Connor discusses bitcoin being up over 5% and reaching back up to the $41K price level. The FAANGM stocks rallied today with names like Microsoft (MSFT), Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN), and Tesla (TSLA). The markets saw weakness in stocks like Public Storage (PSA), Bank Of America (BAC), Duke Energy, and Southern Co. (SO). Individual names like Delta Airlines (DAL) and JPMorgan Chase (JPM) reported earnings. The strong Delta Airlines (DAL) number sparked interest in the travel industry among investors which caused those stocks to reach higher. Finally, Connor weighs in on the Mortgage Applications and PPI data.
13 Apr 2022