• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Dow futures fall 400 points after talks between Russia and Ukraine falter

by
March 10, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

Unity stock jumps 17% on Apple Vision Pro partnership

Directors Guild’s deal with Hollywood doesn’t necessarily foreshadow an end to the writers strike

Yes, you can have a red-hot jobs market and a recession

Stock futures fell in early trading Thursday as peace talks between Ukraine and Russia showed little progress on key issues.

Futures on the Dow Jones Industrial Average dipped 273 points, or 0.82%. S&P 500 futures shed 0.77% and Nasdaq 100 futures were 1.11% lower.

Negotiations between Russian and Ukrainian foreign ministers ended with little progress on matters including a cease-fire and safe passage of fleeing civilians.

Markets have been tied closely to the conflict and have been inversely correlated with energy prices, which have been on a tear higher during the Russia-Ukraine war. A day after West Texas Intermediate crude tumbled more than 12%, the U.S. benchmark climbed about 4% to $112.98. Brent crude oil, which tumbled 13% on Wednesday, nearly 5% on Thursday to $116.50.

Loading chart…

Bonds yields, which have been sensitive to inflation concerns, were mixed in early trading. The yield on the benchmark 10-year Treasury note nudged lower to 1.94% ahead of key inflation data coming later Thursday morning.

The consumer price index will be released at 8:30 a.m. ET, and economists expect headline inflation rose 0.7% last month, or 7.8% from the year prior, and 6.4% excluding energy and food, according to Dow Jones estimates.

Stock picks and investing trends from CNBC Pro:

Wall Street says these Nasdaq stocks have the best shot at bouncing back from the bear market

Analyst picks his top global tech stocks to navigate Russia-Ukraine conflict

Goldman says consider buying these stocks as Ukraine-Russia war hits the European economy

Weekly initial jobless claims are also slated to come out Thursday and are expected to total 216,000.

Elsewhere in markets, Amazon shares jumped more than 6% in premarket trading after the company announced a 20-for-1 stock split and $10 billion buyback. CrowdStrike rallied nearly 11% premarket following an earnings beat and raising its outlook.

In Wednesday’s trading session, the Dow rose 653.61 points, or 2%. The S&P 500 climbed 2.6% for its best day since June 2020. The Nasdaq Composite gained 3.6% for its best day since November 2020.

Other commodities that have seen significant rallies since the war in Ukraine also pulled back Wednesday, including silver and wheat. Investors have been worried about the impact of high prices on economic growth.

Wednesday’s rally in the stock market was broad-based, with nine out of 11 sectors positive, led by technology. Gains in Big Tech names like Meta and Alphabet boosted the major averages.

“It is somewhat typical of a high volatility environment where you can get just wicked swings in both directions,” said Liz Ann Sonders, Charles Schwab chief investment strategist. “A relief rally is probably the best way to describe what happened in the markets. … It doesn’t surprise me to see a very sharp countertrend move.”

On the earnings front, companies including Oracle, Ulta Beauty and Rivian are set to report quarterly results Thursday.

Next Post

Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

by
June 6, 2023
0

A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin's price...

Read more

Bitcoin drops below $26,000 after SEC sues crypto exchange Binance

Directors Guild’s deal with Hollywood doesn’t necessarily foreshadow an end to the writers strike

Unity stock jumps 17% on Apple Vision Pro partnership

Yes, you can have a red-hot jobs market and a recession

Intel drops as Apple moves to its own silicon on all computers

Apple’s practical approach to A.I.: No bragging, just features

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.