U.S. stock futures are up Wednesday morning following Tuesday’s sell-off — and more in Wednesday’s stock market recap.
Tech stocks caused Wall Street to sink Tuesday as the Nasdaq posted its largest single-session loss since September 2020, falling nearly 4%. The Dow dropped 809 points, or 2.4%, while the S&P 500 fell 2.8%.
The markets are volatile right now due to a combination of geopolitical events, earnings and of course the Federal Reserve.
Microsoft Corp. (Nasdaq: MSFT) beat earnings after the bell Wednesday, jumping more than 4% in premarket trading, while Alphabet Inc. Class A (Nasdaq: GOOGL) dropped 3.5% on a weak earnings report.
Meta Platforms Inc. (Nasdaq: FB) and Ford Motor Co. (NYSE: F), among others, report earnings after the closing bell on Wednesday.
In this morning’s stock market recap video, you’ll learn which stocks to pay attention to… what market internals are pointing to… which Fed data is important this week and why… a full update on the bond market… a preview of key levels on the S&P 500 and Nasdaq… plus I’ll show you my best long trade right now, and offer a low-risk, high-reward short setup.
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!
P.S. The 10-Time World Champ Is Back…
Ten-time world trading champion Chuck Hughes is back to grace us with his presence once more at 1 p.m. EDT on Wednesday, April 27.
And this time around, things are going to be a heck of a lot different!
In fact, Chuck is going LIVE to bring traders an opportunity he’s calling his boldest prediction yet.
It’s not about a single stock, taking risky all-out short bets or 1,000% returns on Bitcoin or other cryptos…
It’s going to be even bigger than that.
Be sure to get on Chuck’s exclusive VIP list to get the intel before Wednesday’s live event!
Click Here to Sign Up!
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:
DOW (mini)
- Close: 33,240.18.
- Futures: 33,324.
- Change: +164.
S&P 500 (mini)
- Close: 4,175.2.
- Futures: 4,176.75.
- Change: +6.25.
NASDAQ (mini)
- Close: 13,009.71.
- Futures: 13,006.25.
- Change: -9.
RUSSELL (mini)
- Close: 1,890.47.
- Futures: 1,889.1.
- Change: -0.1.
Note: Updated as of 9:20 a.m. EDT
Building on the sector analysis from Tuesday, I’ll take things a step further every Wednesday with two FREE trade alerts! I’ll identify my favorite stock in the strongest sector, and even a short opportunity from the weakest sector. That’s two trades… absolutely free… each week!
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 support@marketgeeks.com!
- 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.
