U.S. stock futures dropped again Thursday as the selling continues on inflation fears — and more in Thursday’s stock market recap.
The Producer Price Index rose 0.5% in April and 11% year over year, in line with expectations. This report tells us how inflation is affecting producers, who pass rising expenses down to consumers.
Treasury yields jumped and the 10-year remained just under 3% Thursday morning as traders sought safety from the major indexes on fears that inflation will stay high even as the economy slows.
In earnings news, entertainment giant The Walt Disney Co. (NYSE: DIS) dropped nearly 5% to $100 per share in premarket trading after lower-than-expected revenue and earnings results.
In this morning’s stock market recap video, you’ll learn why momentum levels are falling… what the major sectors are pointing to right now… whether the S&P 500 is set to bounce or fall further… how to gauge momentum in the Nasdaq… major levels for the long bond… plus my top ETF and 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!
P.S. The Markets Are Going Haywire
Even if investors could figure out this market’s insane volatility, there are still too many disadvantages to deal with.
We’ve seen stocks rebound from similar environments in the past… but we don’t know exactly when that could happen.
So I just went live to share one of my favorite rotational strategies that includes a hedge to help protect against downside moves.
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:
DOW (mini)
- Close: 31,834.11.
- Futures: 31,630.
- Change: -113.
S&P 500 (mini)
- Close: 3,935.18.
- Futures: 3,902.25.
- Change: -28.
NASDAQ (mini)
- Close: 11,967.56.
- Futures: 11,810.5.
- Change: -159.25.
RUSSELL (mini)
- Close: 1,718.14.
- Futures: 1,710.
- Change: -5.8.
Note: Updated as of 9:27 a.m. EDT
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 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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.
