The Nasdaq and Dow are both up almost 200 and 300 points, respectively, this morning as the Federal Reserve is scheduled to speak on potential interest rate hikes — and more in Wednesday’s stock market recap.
During times of war, the Fed normally wouldn’t raise rates. So there’s a chance it could hold off on this decision. If that’s the case, the market could post another big rally.
When we look at the bond market, regardless of the headlines and whether the other indices are up or down, it continues to fall. This indicates it’s already priced in the potential interest rate hike.
Retail sales also came in lower than expected, growing 0.3% versus an estimate of 0.4%.
But I wouldn’t worry about these numbers too much. As we move past the holidays, consumers ease up on their purchases and retail sales typically slow down during the first quarter of the year.
In this morning’s stock market recap video, you’ll discover which three sectors are leading… whether energy and metals will rise again… why today’s Fed data is crucial for the economy… an update on momentum levels… the key prices on major indices… plus one long and one short stock to trade, with price 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!
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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.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 33,544.34.
- Futures: 33,717.
- Change: +290.
S&P 500 (mini)
- Close: 4,262.454.
- Futures: 4,293.
- Change: +39.25.
- Close: 13,458.56.
- Futures: 13,630.25.
- Change: +177.5.
- Close: 1,968.97.
- Futures: 1,984.1.
- Change: +19.4.
Note: Updated as of 9:25 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.