Futures are up big as the Dow and S&P 500 look to lock in a four-day winning streak — and more in Tuesday’s stock market recap.
Tuesday’s Consumer Confidence data as well as athletic apparel company Lululemon’s earnings report will give investors an idea of what to expect from Wednesday’s gross domestic product report (GDP). Retail sales make up 70% of GDP, so it’s always important data to consider.
GDP will further indicate whether or not the Federal Reserve should continue raising interest rates as aggressively as planned, or pull back slightly. If Lululemon has a poor earnings report and GDP misses expectations, it might be a warning for the Fed to slow things down.
The market is still being ruled by geopolitical events right now, but Consumer Confidence and GDP are important reports for the economy and markets.
In this morning’s stock market recap video, you’ll discover the two major earnings reports to watch… what’s next for the Dow Jones and S&P 500… which index continues to lag behind… a major sector breakdown… an update on GDP and how it will influence the bond market… plus the top stock in the top sector and the bottom stock in the bottom sector.
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!
The markets have been up and down to say the least… In fact, it’s been like a roller coaster…
The Dow alone has been swinging on average 500 to 700 points every single day over the past few weeks…
And that can either demolish an account… or it can be the greatest edge a trader could possibly have…
What will it be for you?
Let Joy of the Trade Head Trader Jeff Zananiri explain what we mean in this three-minute video.
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:
- Close: 34,955.89.
- Futures: 35,123.
- Change: +272.
S&P 500 (mini)
- Close: 4,575.52.
- Futures: 4,606.75.
- Change: +38.5.
- Close: 14,987.4.
- Futures: 15,155.75.
- Change: +169.75.
- Close: 2,078.06.
- Futures: 2,091.9.
- Change: +16.8.
Note: Updated as of 9:21 a.m. EDT
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 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 the Roger Scott newsletter and the most important news and numbers in the WealthPress stock market recap.