The Dow is down almost 800 points and the Nasdaq is down almost 400 as Russia moves into Ukraine — and more in Thursday’s stock market recap.
Keep in mind, when war is announced, the markets tend to hit their lows as the news is priced in, and then rally afterward.
We also have the gross domestic product report coming out on Thursday.
The report will likely be less instrumental in helping determine how we move forward regarding the proposed interest rate hikes, as the Federal Reserve is often hesitant to take action during times of crisis.
In this morning’s stock market recap video, you’ll discover how to play the market during historic volatility… whether the war between Russia and Ukraine will throw a wrench into this market… the impact the war will have on the Fed… an update on the GDP report later today… crucial levels for volatility, bonds and stocks… plus my top ETF with an option pick!
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!
Believe it or not, but the stock market’s stagnant 70% of the time… So time decay is eating away at options, and traders everywhere are paying for it!
It’s no surprise that the Chicago Mercantile Exchange says 76.5% of options expire worthless.
So when rare and large moves in the markets occur, people often watch their trading accounts get wiped out time and time again. It’s a frustrating whipsaw of action that demoralizes traders.
That’s why Joy of the Trade Head Trader Jeff Zananiri’s No. 1 goal is to keep everyone away from this disappointing, costly process…
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 33,131.76.
- Futures: 32,308.
- Change: -758.
S&P 500 (mini)
- Close: 4,225.5.
- Futures: 4,123.75.
- Change: -98.25.
- Close: 13,509.43.
- Futures: 13,112.75.
- Change: -394.75.
- Close: 1,944.09.
- Futures: 1,900.3.
- Change: -40.8.
Note: Updated as of 9:15 a.m. EST
Each Thursday, I’ll combine two of my favorite things into a big-money opportunity: options plays and ETFs. Using options, we can turn momentum analysis of a specific sector — or even an entire country’s stock market — into an actionable trade with double- or triple-digit upside potential. I’ll give you all the details you need to execute this plan.
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.