The S&P 500 Index (SPX), Dow Jones Industrial Average ($DJI), Nasdaq-100 (NDX), and Russell 2000 (RUT) finished in the green. SPX had the best day since June 2020. However, crude oil, wheat, and gold traded lower today. Scott Connor weighs in on the FAANG stock prices being up today. These include Meta Platforms (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL). Tech, financials, and communications primarily lead today’s market rally. On the reverse side, energy stocks like XOM, CVX, HAL, EOG, and COP finished in the red. Other names that made moves today include Stitch Fix (SFIX) and Chipotle (CMG). Finally, Connor discusses the Job Openings and Labor Turnover Survey (JOLTS) big beat.
09 Mar 2022