Stock futures jumped following Consumer Price Index data that came in near expectations — and more in Tuesday’s stock market recap.
Consumer prices rose 8.5% in March, slightly higher than the 8.4% projections and the highest level since 1981.
That might sound scary, but when you exclude food and energy, core inflation rose 6.5%, putting it in line with expectations.
Energy made up the bulk of the increase, with prices rising 11% in March and 32% year over year. This was due in part to the spike in oil prices in early March as a result of the Russia-Ukraine war.
Futures for the tech-heavy Nasdaq gained 1.6% as the markets reacted well to the news.
In this morning’s stock market recap video, you’ll learn what to expect from the market following the CPI report… an update on the 11 major sectors and which one remains in the lead… key levels for the major indices… why Basic Materials is outperforming Energy right now… and the top 3 energy stocks to focus on.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
Corporate insiders raked in a record-breaking $69 billion in trading returns in 2021…
It’s led many to believe these huge gains made by top-ranking corporate executives have spiraled out of control. And for good reason…
If you’re one of the many American investors who feel cheated, you’ll want to check out what New Money Crew Head Trader Lance Ippolito has to say…
He believes this $69 billion spiral is one of the best opportunities in the stock market… if you know how to play it, of course!
P.P.S. When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get my latest trading ideas and market updates as fast as possible. So I’m rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,308.08.
- Futures: 34,344.
- Change: +125.
S&P 500 (mini)
- Close: 4,412.53.
- Futures: 4,446.75.
- Change: +37.25.
- Close: 13,990.21.
- Futures: 14,218.5.
- Change: +218.5.
- Close: 1,980.32.
- Futures: 1,998.2.
- Change: +20.7.
Note: Updated as of 9:24 a.m. EDT
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
Need help understanding some basics that we discuss frequently? Check out some of our educational pieces to help get yourself up to speed! Have a question or a topic you’d like us to explain in a future article? Send your thoughts to firstname.lastname@example.org!
- What Is the Dow and How Does It Work?
- A Beginner’s Guide to the Nasdaq and How to Trade It
- What Companies Make up the S&P 500 and How Can I Trade It?
- What Is the VIX? Understanding Stock Market Volatility
- A Beginner’s Guide to Stock Sector Analysis and Relative Strength
- How to Pick Winning Stocks With Simple Market Analysis Tools
Check back each morning for the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.