The market remains flat as investors await guidance from the Federal Reserve’s symposium in Jackson Hole, Wyoming, which kicks off Thursday — and more in Wednesday’s stock market recap.
While inflation appears to have peaked, it may be too soon for the Fed to ease up in regard to upcoming interest rate hikes.
Macy’s Inc. (NYSE: M) and Nordstrom Inc. (NYSE: JWN) beat estimates for earnings and revenue, but warned they’re starting to see softer demand and inventory issues.
High-end retailers scaling back their outlooks shows consumers are spending less money on apparel and more on essentials like food and other household necessities.
Earnings season continues with tech companies Salesforce Inc. (NYSE: CRM) and Nvidia Corp. (Nasdaq: NVDA) reporting earnings after the bell Wednesday, and discount retailers Dollar General Corp. (NYSE: DG) and Dollar Tree Inc. (Nasdaq: DLTR) before the open on Thursday.
In this morning’s stock market recap video, I’ll reveal the critical resistance levels being broken… which stocks to fade… which stocks are the safest to own right now… why this week is huge for the bond market… an update on volatility… the biggest factors driving price action… the one sector that investors are reconsidering… and the stocks to avoid — big time!
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. STOP Listening to Wall Street — Seriously
Joy of the Trade’s Jeff Zananiri hates following the “rules.” Maybe that’s why he’s had such a successful trading career!
Jeff just released his newest way to trade, and once you see the premise of this strategy… you’re going to see why he loves going against the grain.
So bear with us for what we’re about to say…
Because Jeff says the key is doing exactly what Wall Street tells you NOT to do…
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: 32,909.59.
- Futures: 32,881.
- Change: -20.
S&P 500 (mini)
- Close: 4,128.73.
- Futures: 4,132.
- Change: +1.5.
NASDAQ (mini)
- Close: 12,881.79.
- Futures: 12,897.5.
- Change: +1.
RUSSELL (mini)
- Close: 1,919.14.
- Futures: 1,921.3.
- Change: +0.6.
Note: Updated as of 9:14 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.
