The broader indexes slipped lower as tensions rise ahead of House Speaker Nancy Pelosi’s visit to Taiwan — and more in Tuesday’s stock market recap.
Relations have been tense between China and Taiwan in recent years, and Beijing warned Pelosi against visiting the self-governed island.
In earnings season news, both BP p.l.c. (NYSE: BP) and Devon Energy Corp. (NYSE: DVN) beat on earnings per share and revenue estimates, and raised their dividend payouts.
Meanwhile, traders await more reports from companies like Starbucks Corp. (Nasdaq: SBUX), PayPal Holdings Inc. (Nasdaq: PYPL) and Advanced Micro Devices Inc. (Nasdaq: AMD).
A lot of eyes are on AMD as tech stocks look to be slipping.
In this morning’s stock market recap video, I’ll reveal what’s driving consumer and tech stocks… the biggest earnings of the week… why resistance from May is crucial right now… an update on the Fed’s data and what to expect later this week… which stocks and sectors to avoid, and which ones are set up for upside gains… plus the top stocks I’m watching right now.
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!
What Lance Ippolito and his New Money Crew team have been working on is nothing short of incredible… It’s something totally different from anything he’s EVER done before.
It has nothing to do with option flow or insider buying, and it’s not a new trade alert service… Instead, it’s a brand-new indicator he’s been working on for years that he’s never shared before.
He thinks it could be a major asset for folks looking to survive — and even thrive — in 2022 and beyond.
And Lance just went LIVE to reveal all the details behind this incredible indicator…
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: 32,798.4.
- Futures: 32,648.
- Change: -119.
S&P 500 (mini)
- Close: 4,118.63.
- Futures: 4,101.25.
- Change: -19.25.
- Close: 12,940.78.
- Futures: 12,864.25.
- Change: -99.
- Close: 1,883.31.
- Futures: 1,878.3.
- Change: -7.1.
Note: Updated as of 9:28 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.