The major indices reversed most of their overnight losses to open down slightly — and more in Monday’s stock market recap.
At one point, the Nasdaq was down about 300 points while the Dow was down more than 500 in premarket trading.
The bond market also opened lower, and I’ll explain why that’s so significant in today’s video.
The war between Russia and Ukraine continues to drive the markets. And while most reports on the schedule this week won’t have much of an impact, there are a few we should pay attention to: International Trade in Goods and Services, Consumer Price Index and consumer sentiment.
Consumer sentiment is especially important because retail sales make up two-thirds of the U.S. economy.
In this morning’s stock market recap video, you’ll discover the four indicators pointing to higher prices in stocks… the market’s current momentum levels… major events that could increase volatility… which sector is leading and which is lagging… and which stocks to buy and which to short 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!
P.S. Traders Left to Fend for Themselves
Funds and institutions use algorithmic trading to give themselves an almost unfair advantage over the rest of the market… leaving other traders to fend for themselves.
That’s why I created this brand-new e-book where I breakdown how Wall Street has found a way to win no matter what direction the market goes.
I’m going live at 1 p.m. EST on Tuesday, March 8, to break down how my strategy works, and how any trader can use it to battle the algos in the market right now.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 33,614.8.
- Futures: 33,471.
- Change: -112.
S&P 500 (mini)
- Close: 4,328.87.
- Futures: 4,315.
- Change: -12.25.
- Close: 13,837.83.
- Futures: 13,804.
- Change: -35.75.
- Close: 2,000.9.
- Futures: 1,999.
- Change: -0.4.
Note: Updated as of 9:29 a.m.
To kick off the week, each Monday video will outline my weekly outlook and any actionable announcements, news or catalysts I’m watching. I’ll also outline exactly which opportunities I expect to unfold in the coming five trading days, so check out this short video for more information!
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
- 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 Scott and the most important news and numbers in the WealthPress stock market recap.