HomeLifestyleTravel & LeisureThe Wrap: AMZN, TSLA, Travel Stocks Higher & Energy Sector Lower
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The Wrap: AMZN, TSLA, Travel Stocks Higher & Energy Sector Lower

The markets finally rallied today even with the ongoing Covid-19 concerns in China, geopolitics, and the upcoming Fed meeting. The Nasdaq-100 (NDX) was up over 3%. Scott Connor weighs in on crude oil being down almost 8% and gasoline down almost 7%. Also, the common safety play, gold, finished lower. Volatility (VIX) finally finishes below the 30 level after several trading sessions. In terms of stocks and sectors, consumer discretionary finished strong with names like Amazon (AMZN), Tesla (TSLA), McDonalds (MCD), Starbucks (SBUX), and Expedia (EXPE). Next, Connor provides his take on the only sector that was down today: energy. Energy stocks include Exxon Mobil (XOM), Chevron (CVX), Valero Energy (VLO), and Schlumberger (SLB). Finally, the February Producer Price Index (PPI) number was released, and travel & leisure stocks finished in the green.

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15 Mar 2022

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