The market is up following Alphabet and Microsoft’s earnings reports as the Federal Reserve’s rate announcement draws near — and more in Wednesday’s stock market recap.
Google parent company Alphabet Inc. Class C (Nasdaq: GOOG) and Microsoft Corp. (Nasdaq: MSFT) both missed on earnings per share and revenue estimates, yet the stocks are both higher this morning!
It seems results weren’t quite as bad as investors feared given the current environment, which is a bullish sign for the markets.
Meta Platforms Inc. (Nasdaq: META) is the next big tech stock to report, scheduled after the bell on Wednesday, followed by tech titans Amazon.com Inc. (Nasdaq: AMZN) and Apple Inc. (Nasdaq: AAPL) on Thursday.
The big question on everyone’s mind is, if Meta also misses on its earnings report, will the stock rally? And more importantly, will the market?
We’ll also hear from the Federal Reserve at the end of its two-day meeting and get confirmation on the next interest rate hike, with the market — the bond market in particular — prepared for a 0.75% increase.
In this morning’s stock market recap video, you’ll learn how stocks are reacting to earnings and what it means for the market… whether the market is set to trade higher or lower… how the current bond market is dictating consumer and tech stocks’ movement… my hot stock long and weak short picks… an update on the major sectors and the biggest pain points… plus the biggest profit potential opportunities 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!
The writing is on the wall…
Investors are pulling BILLIONS of dollars from bond and money market funds at the fastest pace in years, according to CNBC.
And this purge of capital could escalate…
But Joy of the Trade’s Jeff Zananiri is prepping for some of the biggest overnight turnarounds we’ve ever seen!
Get the Details Here
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: 31,761.54.
- Futures: 31,892.
- Change: +160.
S&P 500 (mini)
- Close: 3,921.05.
- Futures: 3,960.
- Change: +36.75.
- Close: 12,086.9.
- Futures: 12,298.25.
- Change: +185.75.
- Close: 1,805.25.
- Futures: 1,818.5.
- Change: +13.
Note: Updated as of 9:12 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 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.