The markets give up their earlier gains to close the week lower again. Crude oil and wheat traded up today, while gold and bitcoin fell a bit. Next, Scott Connor weighs in on technology, consumer discretionary, and communication services seeing weakness as all the FAANG stocks were down. These include Meta Platforms (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL). Also, the Tesla (TSLA) stock price was under pressure. Finally, Connor discusses the consumer sentiment report being lowest since 2011.
11 Mar 2022