Dow Jones futures were higher Tuesday following Monday’s volatile stock market action, as the U.S. relocated its embassy in Ukraine amid the ongoing Russia-Ukraine crisis. Arista Networks (ANET) and Continental Resources (CLR) were key earnings movers after the close, while Huntsman (HUN) will report early Tuesday.
Amid a volatile and struggling stock market rally, BHP Group (BHP), Deere (DE), Palo Alto Networks (PANW) and Stifel Financial (SF) are among Monday’s top stocks to buy and watch. All four stocks are in or near new buy zones.
On Monday, the Dow Jones Industrial Average ended down 0.5%, while the S&P 500 lost 0.4%. The tech-heavy Nasdaq composite inched lower.
Among the Dow Jones leaders, Apple (AAPL) rose 0.1% Monday, while Microsoft (MSFT) edged lower in today’s stock market. American Express (AXP), a Dow Jones stock to watch, is in buy range after last week’s breakout.
Electric-vehicle leader Tesla (TSLA) rallied 1.8%, snapping a two-day losing streak.
Microsoft, Stifel and Tesla are IBD Leaderboard stocks. BHP was featured in this week’s Stocks Near A Buy Zone column. Deere is an IBD SwingTrader stock. Palo Alto Networks was Thursday’s IBD Stock of the Day.
Dow Jones Futures Today: Ukraine-Russia Crisis
Ahead of the stock market open Tuesday, Dow Jones futures moved up 1.1% vs. fair value, and S&P 500 futures rose 1.5%. Nasdaq 100 futures were up 2.1% vs. fair value.
U.S. Stock Market Today Overview
Last Update: 4:30 PM ET 2/14/2022
The 10-year Treasury yield briefly moved back above 2% Monday before settling at 1.99%. Meanwhile, U.S. oil prices advanced around 2%, as West Texas Intermediate crude traded above $95 a barrel.
On Monday, the U.S. closed its embassy in the Ukrainian capital of Kyiv, relocating to Lviv near the Polish border. Secretary of State Antony Blinken said in a statement, “We are in the process of temporarily relocating our Embassy operations in Ukraine from our Embassy in Kyiv to Lviv due to the dramatic acceleration in the buildup of Russian forces.”
Early Tuesday, Russia’s Defense Ministry said it had pulled back some troops from near Ukraine. Still, Western officials warned that combat units were moving forward.
Stock Market Rally Struggles
The stock market posted mostly disappointing action Monday, as the Dow Jones Industrial Average and S&P 500 ended squarely lower. Amid the recent volatility, now is an important time to read IBD’s The Big Picture column.
Friday’s The Big Picture commented, “The distribution-day count since late January remains tame. But more importantly, traders who gained market exposure after a follow-through day on Jan. 31 are now under water. You can call that an expectation breaker.”