The markets were closed on Monday in observance of Presidents Day, but that didn’t stop futures from fluctuating overnight as tension between Russia and Ukraine continues — and more in Tuesday’s stock market recap.
Most of the major indices are set to open lower, but they’ve erased most of their overnight lows. The Dow was down about 100 points at the time of filming after being down almost 1,000.
In terms of Federal Reserve reports this week, we have the latest gross domestic product data on Thursday.
And given the threat of war between Russia and Ukraine, there’s a chance that if the report doesn’t meet expectations, the Fed may hold off on raising rates. But if it’s stronger than expected, it will likely move ahead with its plans.
In this morning’s stock market recap video, we’ll discuss the top Fed report this week and how it can shape the economy… the biggest factors spooking the stock market right now… what typically happens to stocks after a war breaks out… crucial levels for the major indices… a sneak peek into market internals… an update on the 11 major sectors… plus the top sector and stock!
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!
Back on Jan. 14, Joy of the Trade’s Jeff Zananiri warned that a big sell-off was coming… Days later, the market tanked and he collected 352% on DGX.
Then again on Jan. 28, he predicted a rebound rally for the week… And he collected 30% on TXN and 11% on XOM — both overnight!
And now, Jeff has his eye on something he says pales in comparison to what we’ve seen the past month…
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,079.18.
- Futures: 33,898.
- Change: -109.
S&P 500 (mini)
- Close: 4,348.87.
- Futures: 4,336.75.
- Change: -6.75.
- Close: 14,009.54.
- Futures: 13,926.75.
- Change: -69.25.
- Close: 2,009.33.
- Futures: 2,006.9.
- Change: +0.3.
Note: Updated as of 9:19 a.m. EST
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
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.