While the omicron coronavirus variant is more transmissible than others, its symptoms don’t seem to be as severe — and more in Thursday’s stock market recap.
We’re still seeing a lot of volatility in the markets due to this new variant. But as we learn more, it doesn’t appear to be as terrifying as we initially thought, and volatility should start to decline. Current levels are high, however, so that’s something we need to keep an eye on in the near term.
Elsewhere in the news, the House reached a deal preventing a government shutdown, and the Biden administration is tightening international travel restrictions.
Peer-to-peer banking application Square is also changing its name to Block to better reflect its aspirations in the blockchain and cryptocurrency arena.
In this morning’s stock market recap video, you’ll discover whether the market will continue trading lower… whether current momentum levels are stable… which index has higher odds of trading higher and why… why I believe VIX levels will decline… and my favorite ETF right now, complete with an option and 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!
Roger’s Radar: Dollar General Testing High-End Stores
Some interesting news on my radar this morning is a new high-end store being tested by Dollar General Corp. (NYSE: DG). The company debuted its new “Popshelf” store about a year ago, and is now moving forward with about 1,000 new stores by the end of the 2025 fiscal year.
It will open about 100 new stores in the next fiscal year including 30 Popshelf stores in six states as of Oct. 29, and plans to open its first stores in Texas in the early spring.
This is interesting because DG is one of my top stock picks for 2022, so I can’t wait to see how these new stores work out for the company.
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
DOW (mini)
- Close: 34,022.04.
- Futures: 34,120.
- Change: +122.
S&P 500 (mini)
- Close: 4,513.04.
- Futures: 4,512.
- Change: +3.5.
NASDAQ (mini)
- Close: 15,877.72.
- Futures: 15,831.25.
- Change: -36.25.
RUSSELL (mini)
- Close: 2,147.42.
- Futures: 2,155.
- Change: +8.7.
Note: Updated as of 9:25 a.m. EST
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