The major indices are poised to open sharply higher as Russia pulls some of its troops back from its border with Ukraine — and more in Tuesday’s stock market recap.
The Nasdaq and Dow are up 200 and 300 points respectively, with the S&P 500 up about 50. Remember, the S&P 500 is made up of stocks that are also in the Nasdaq and Dow, so when those two indices rise, they typically pull the S&P 500 up, as well.
The markets had already priced in the worst regarding the potential for war between Russia and Ukraine, so any further easing of the tension should cause the markets to bounce higher.
We also have the Producers Price Index data coming out on Tuesday, which will tell us how much supply chain issues and inflation are affecting producers. This will be followed by retail sales on Wednesday, showing the situation from the consumer side.
In this morning’s stock market recap video, you’ll learn the likelihood of whether or not Russia and Ukraine will get into a war… the top levels for the major indices… the top stocks to watch… plus an inside look at the major sectors, including the top and bottom sectors and stocks.
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!
Markay Latimer and I are going live at 1 p.m. EST today to talk about gap trading.
I’ve known Markay for a while now, and she’s one of the most successful chart traders and stock pickers I know!
I don’t think anyone else could have convinced me to overcome my questions about gap trade setups.
But Markay recently showed me her 120 Rebound strategy… and it blew me away!
Stock Market Recap: By the Numbers
This morning’s stock market futures recap:
- Close: 34,566.17.
- Futures: 34,791.
- Change: +321.
S&P 500 (mini)
- Close: 4,401.67.
- Futures: 4,444.75.
- Change: +50.75.
- Close: 14,268.59.
- Futures: 14,469.5.
- Change: +216.5.
- Close: 2,020.79.
- Futures: 2,044.
- Change: +24.4.
Note: Updated as of 9:16 a.m. EST
On Tuesdays, I’ll detail the strongest and weakest sectors in the entire market. I’ll tell you exactly where I’d put my money and go long, and which ones I’d avoid or even short. Using my proprietary momentum indicator, you’ll get actionable ideas on every market sector, every single Tuesday.
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 Roger’s Radar and the most important news and numbers in the WealthPress stock market recap.