The major indexes are up as investors look ahead to key inflation data and earnings reports — and more in Monday’s stock market recap.
We have Consumer Price Index data coming Thursday, which will tell us how inflation is affecting consumers, as well as retail sales on Friday.
Meanwhile, earnings season begins in earnest… PepsiCo Inc. (Nasdaq: PEP) reports Wednesday while Delta Air Lines Inc. (NYSE: DAL) and Walgreens Boots Alliance Inc. (Nasdaq: WBA) report Thursday.
And we can expect earnings data from four big banks — JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co. (NYSE: WFC), Morgan Stanley (NYSE: MS) and Citigroup Inc. (NYSE: C) — to hit Friday morning.
In this morning’s stock market recap video, I’ll discuss the biggest news from the Federal Reserve this week… why we have low volatility to start trading… an update on China and what it means for U.S. stocks… an update on earnings coming out later this week… key levels to watch in the broad market… which sectors are leading and which are lagging… if momentum is holding steady or increasing to the downside.
Don’t forget to like, subscribe and leave your comments and questions on our YouTube videos — we will respond!
P.S. Introducing ‘the Ultimate Portfolio’
It’s no secret… we’re in a tough market.
The daily volatility and uncertain outlook can be stressful, even for seasoned traders.
Which is why I’ve been researching a way to simplify investing… to slow it down.
What I uncovered were five stocks that never lost during a market crash since 2000. They’ve also outperformed the S&P 500 by more than 3,000%…
And I believe they’re positioned for another strong run.
These stocks are part of what I’m calling “The Ultimate Portfolio.”
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: 29,296.79.
- Futures: 29,473.
- Change: +121.
S&P 500 (mini)
- Close: 3,639.66.
- Futures: 3,664.25.
- Change: +11.
NASDAQ (mini)
- Close: 11,039.47.
- Futures: 11,121.75.
- Change: +20.25.
RUSSELL (mini)
- Close: 1,702.15.
- Futures: 1,713.9.
- Change: +7.4.
Note: Updated as of 9:26 a.m. EDT
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 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.
