The markets bounced higher on Wednesday morning amid increased volatility and higher oil prices as the war between Russia and Ukraine intensifies — and more in Wednesday’s stock market recap.
OPEC and its oil-producing allies, including Russia, decided not to add to April’s output following a recent meeting.
This news caused oil to rise above $112 per barrel as fears concerning supply shortages grow.
Energy names like Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM) also moved higher as a result.
Exxon even announced it would exit all of its oil and gas operations in Russia and halt new investment there, sending shares 1.5% higher in premarket trading on Wednesday morning.
In this morning’s stock market recap video, you’ll discover key price levels for the Dow and Nasdaq… the No. 1 sector to pay close attention to over the next few sessions… whether bonds are set to trade higher or lower in the current environment… how to take advantage of the market with minimal risk… and one long and one short set up, complete with target, stop and risk 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!
P.S. To Put It Simply, It’s Chaos
The markets are in a free fall and many investors are struggling with where to move their money.
And while we go about our day with heavy hearts, it’s important to remember that behind most setbacks come new opportunities.
So I went live on Tuesday to reveal my time-sensitive insights into stocks I’m focusing on right now. It’s time to set aside the media-induced fears and position ourselves for a potentially big recovery.
Click Here to Access the Recording
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 33,294.95.
- Futures: 33,424.
- Change: +157.
S&P 500 (mini)
- Close: 4,306.26.
- Futures: 4,321.75.
- Change: +17.25.
NASDAQ (mini)
- Close: 14,005.99.
- Futures: 14,048.5.
- Change: +45.75.
RUSSELL (mini)
- Close: 2,008.51.
- Futures: 2,018.4.
- Change: +11.6.
Note: Updated as of 9:21 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 support@marketgeeks.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
- 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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.
