Dow futures drop as Russia invades Ukraine; Crude oil prices rose

Dow futures fell early Thursday, along with S&P 500 futures and Nasdaq futures, as Russian President Vladimir Putin launched a military offensive in Ukraine on several fronts. President Joe Biden said there would be “other consequences” against Russia. Bond yields fell while crude oil prices rose and gold futures rose.




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The battered stock market attempted to recover on Wednesday, but sold off hard, as the Dow Jones, Standard & Poor’s 500 and Nasdaq cut lows on Jan. 24. Futures contracts indicate that the Nasdaq will enter a bear market on Thursday.

Russia invades Ukraine

Putin announced early Thursday local time a “special military operation” that he said was “aimed at the disarmament and disarmament of Ukraine.” Russia has said it is using “high-precision” weapons to strike Ukraine’s aircraft, air defenses and infrastructure.

Russian troops cross the border on three sides, apparently approaching the capital, Kiev.

There are already dozens, if not hundreds, of casualties.

President Biden said Putin chose a “premeditated war” and vowed there would be “other consequences.” Biden said he will speak to Americans on Thursday afternoon.

The United States could impose far-reaching economic sanctions on Russian banks and the energy sector. The Biden administration has indicated that it is preparing to impose a technology export ban on Russia, among other sanctions, if there is another “invasion” of Ukraine. European and other key allies are also likely to significantly escalate sanctions.

Tesla (TSLA) was the worst performer for the S&P 500 on Wednesday, falling below its 2022 lows after failing to regain key support. New investors should already exit, but even long-term holders of TSLA shares should consider expanding.

after closing, Reservation collectibles (BKNG), living nation (fiber), net app (NTAP), Ultra pure collectibles (UCTT) And the ebay (ebay) Earnings have been reported.

Ali Baba (Baba) and play LNG Cheniere Energy (liquefied natural gas) Results early Thursday.

Tesla stock is running IBD Leaderboard.

Dow jones futures contracts today

Dow futures are down 2.5% against fair value. S&P 500 futures fell 2.5% and Nasdaq 100 futures fell 3.1%.

The 10-year Treasury yield fell 12 basis points to 1.86%.

US crude oil prices jumped 8% above $99 a barrel, having topped $100 at one point. Brent crude was trading near $105.

Gold futures rose 3% while the US dollar jumped.

Prices of corn, wheat and other agricultural commodities rose.

Russia is a major exporter of crude oil, natural gas, and several major minerals, while Ukraine is a major exporter of grain.

European stock exchanges were sold off hard on Thursday as the benchmark Moex in Russia collapsed 30% or more. The ruble fell to its lowest level against the major currencies

Remember to work overnight in Dow Jones futures contracts and elsewhere that does not necessarily translate into actual circulation in the next regular session Stock market session.


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stock market Wednesday

The stock market opened higher, sold off and returned to breakeven before falling back again to close at session lows. The Dow Jones Industrial Average is down 1.4% on Wednesday stock market trading. The S&P 500 fell 1.8%. The Nasdaq Composite Index fell 2.6%. Small capital Russell 2000 lost 1.9%.

The 10-year Treasury yield rose 3 basis points to 1.98%. Crude oil futures rose 0.2% to $92.10 a barrel in an up and down session.

between the Best ETFsThe Innovator IBD 50 ETF (fifty) is down 2.5%, while the Innovator IBD Breakout Opportunities (fit) decreased by 0.4%. iShares Expanded Technology and Software Fund (ETF)IGV) down 2.5%. VanEck Vectors for Semiconductors (SMH) slipped 2.1%.

SPDR S&P Metals & Mining (XME) rose 1.3%, and the Global Infrastructure Development Fund (ETF) of the US company Global X (cradle) gave up 2.3%. american global aircraftPlanes) down 3.2%. SPDR S&P Home Builders (XHB) it was 2.7%. SPDR Specific Energy Fund (SPDR ETF)XLE) up 1%, and the Financial Select SPDR ETF (XLF) down 1.7%. SPDR Healthcare Sector Selection Fund (XLV) decreased 0.5%.

Stocks reflect more speculative stories, the ARK Innovation ETF (see you) fell nearly 4% and ARK Genomics (ARKG) is down 3.5%, both to 20-month lows. Tesla stock continues to be the number one stock among Ark Invest ETFs.


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Main earnings

BKNG stock fell sharply in pre-market trading after initially rising crush booking earnings views Revenue topped. Shares fell 1.9 percent to 2469.83 on Wednesday. BKNG stock cleared 2,687.39 buying points on February 16, but has since fallen sharply with other travel and the broader market.

LYV stock, another reopening play, jumped late Wednesday on solid earnings. Live Nation stock fell 3.1% to 113.44 Wednesday. The official purchase point is 127.85. Investors can use 121.43, which will soon be a handle, as an early entry.

NTAP shares sold off overnight as data storage giant NetApp topped earnings views while revenue was balanced. NetApp shares in the range flat base But it is below the 50-day and 200-day lines.

UCTT stock fell strongly on Thursday morning, although that may reflect a massive sell-off in the market. Shares rose late Wednesday as the chip equipment maker narrowly beat quarterly opinions. Ultra Clean stocks are far from highs, below the 50-day and 200-day streaks.

EBAY stock fell overnight on poor guidance and direct revenue, despite better-than-expected earnings.

Alibaba’s revenue exceeded the number of views but the revenue missed. BABA stock is down slightly. Stocks are in a long downtrend and close to multi-year lows.

LNG stock rose strongly, but far from its morning highs, as Cheniere Energy slipped on earnings and revenue. Shares rose 2.8% to 119 on Wednesday, on the edge of a buying range. Extremely high European energy prices and the Russia-Ukrainian crisis are spurring demand for LNG shipments from the United States.


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Tesla Stock

After closing below the 200 line on Tuesday, Tesla stock briefly regained that key level before reversing lower. TSLA stock fell 7% Wednesday to 764.04, breaking its Jan. 28 low of 792.01 to reach a five-month low.

The Relative force line As for Tesla stock, it fell to its lowest level since October. The RS line, the blue line in the provided charts, tracks the stock’s performance against the S&P 500 Index.

Tesla has delivered impressive Q4 numbers and should have a 2022 as production continues to increase even as chip problems continue to limit overall auto industry production. The lack of new Tesla models in 2022, after CEO Elon Musk promised a “product roadmap,” disappointed investors.

But the biggest problem is the weak market environment. This is especially true of growing stocks, with high-value names such as Tesla stocks taking a hit particularly hard.

Anyone who buys a Tesla gets out of the big market cup base, with a buy point of 900.50, it should have been sold long ago. If you buy in different buy points In the seventies, it was time to go out and take the remaining profits. Don’t let huge gains go back and forth and turn into a loss.

But what about investors who bought Tesla shares long ago and are sitting on huge gains? Your patience and conviction have paid off in the past two years. It’s definitely possible that TSLA’s stock will bounce back soon and pick up another foot.

But at some point, big winners like Tesla’s stock finish their run and get stuck. So investors need an exit strategy. Your exit points will vary based on your position size and winnings ratio, your general risk tolerance and your convictions in stocks.

TSLA stock is now 8% below its 200-day streak. The decisive break here will not leave any obvious support level until the 2021 lows of around 540-550. If stocks can’t rebound by the end of the week, long-term investors may want to consider reducing their holdings of TSLA shares. The risk only grows when the broader market begins to collapse to new lows.

Early Thursday, Reuters reported, citing sources, that Tesla will start building a second factory in the Shanghai area, even as it continues to expand its initial factory in Shanghai.

Tesla shares plunged early Thursday as global markets sold off after the Russian invasion of Ukraine.


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market analysis

The stock market attempted a recovery Wednesday morning, but that quickly faded as fears of a Russian invasion resurfaced. The Nasdaq Composite, which rose more than 1% shortly after the opening, quickly reversed, eventually dropping below its Jan. 24 low. The S&P 500 and Dow Jones also cut their lows on Jan. 24.

Since the S&P 500 and Nasdaq closed below their lowest level on January 31 Follow-up daysThe outlook for a market rally was bleak. Since then, the leading indicators have continued to increase distribution days of selling in large quantities.

The S&P 500 is down more than 10% from its highs, which is a mean correction by conventional standards.

The Nasdaq is on the cusp of a bear market, down 19.6% from its November 22 high. Even a slight dip on Thursday would lead to a downward 20% limit, with Nasdaq futures suggesting much more.

It wouldn’t be surprising to see a market rebound in near futures contracts after several pullback sessions. But even a few good days will not necessarily be a sign of a clear recovery.

At the moment, it appears that the main indicators are preparing to start another phase of decline as the Russian invasion of Ukraine triggered a new wave of selling.

Few stocks are being created at the moment. This is especially true in growth.

The travel sector has faded, despite some positive tailwinds, over the past few sessions, including BKNG stock. Even the still resilient energy and commodity groups are volatile and do not stimulate new purchases.


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What are you doing now

What more can be said? The stock market is looking bad, with major indexes breaching their lows in late January after several warning signs. Every day, the reasons for continuing to invest are dwindling. The only exceptions are pockets of market power or long-term winners. But even with long-term winners like Tesla shares, investors will have to expand or get out of the money at some point.

The Russian invasion of Ukraine, and the response of the West, are likely to turbulent markets in the coming days, and may have far-reaching economic consequences.

Don’t indulge in a morning bounce, like on a Wednesday, or even a couple of good days. Wait for convincing signals of market strength. This includes creating leading stocks and blinking buy signals.

For now, keep your exposure minimal or be monetized entirely. Stay engaged and prepared by watching market moves and reformulating your watchlists.

Read The Big Picture Every day to stay in sync with the trend of the market, stocks and leading sectors.

Please follow Ed Carson on Twitter at Tweet embed For stock market updates and more.

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