The markets opened higher to break a multi-day losing streak on the announcement of economic sanctions against Russia — and more in Wednesday’s stock market recap.
Following President Vladimir Putin’s authorization to send troops into eastern Ukraine, the U. S., Britain and European Union imposed sanctions on Russian banks, officials and business leaders.
Rising tensions also prompted an increase in oil and metal prices in anticipation of supply disruptions.
All eyes are also on Thursday’s gross domestic product report. If GDP comes in weaker than expected, there’s a chance the Federal Reserve will hold off on raising interest rates, especially with the threat of war.
This is one scenario where a weaker-than-expected number might actually be a good thing for the markets.
In this morning’s stock market recap video, you’ll get an update on key price levels and what a breach would mean for Wall Street… a look inside market internals and how they can benefit our analysis… how to gauge current price action… a look into the major sectors prime for upside gains… plus two long and two short setups, complete with entry and exit levels.
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: 33,596.61.
- Futures: 33,750.
- Change: +225.
S&P 500 (mini)
- Close: 4,304.76.
- Futures: 4,332.5.
- Change: +32.5.
- Close: 13,870.53.
- Futures: 14,018.
- Change: +155.25.
- Close: 1,980.17.
- Futures: 1,994.
- Change: +14.8.
Note: Updated as of 9:19 a.m. EST
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 email@example.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
Check back each morning for Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.