Dow Jones futures climbed in morning trade Tuesday after Monday’s stock market dive. Russia’s ongoing Ukraine invasion, along with the West’s response, remains the key focal point in the stock market today.
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U.S. oil prices briefly surged above $130 a barrel Monday before pulling back sharply, as the U.S. and its allies are considering a ban on Russian oil and natural gas imports after the country’s attack on Ukraine.
Investors need patience and discipline right now, keeping cash mostly on the sidelines to see if the market rally attempt can signal a new uptrend. Dow Jones health care giant UnitedHealth, Costco, CSX and Union Pacific are among those holding up well in the current stock market volatility. Meanwhile, Apple stock fell further below its 50-day moving average.
Stock Market Today
On Monday, the Dow Jones Industrial Average sold off 2.4%, while the S&P 500 lost 2.95%. The tech-heavy Nasdaq composite dived 3.6%. The Nasdaq closed in bear market territory, now down more than 20% from its recent high.
U.S. Stock Market Today Overview | ||||
|---|---|---|---|---|
| Index | Symbol | Price | Gain/Loss | % Change |
| Dow Jones | (0DJIA) | 32813.56 | -801.24 | -2.38 |
| S&P 500 | (0S&P5) | 4200.89 | -127.98 | -2.96 |
| Nasdaq | (0NDQC ) | 12830.96 | -482.48 | -3.62 |
| Russell 2000 | (IWM) | 193.82 | -4.84 | -2.44 |
| IBD 50 | (FFTY) | 36.59 | -1.53 | -4.01 |
Last Update: 4:54 PM ET 3/7/2022 | ||||
Among the Dow Jones leaders, Apple (AAPL) dropped 2.4% and Microsoft (MSFT) traded down 3.8% in today’s stock market. UnitedHealth (UNH), a Dow Jones stock to watch, finished Monday just below a new buy point.
Electric-vehicle leader Tesla (TSLA) skidded more than 4% Monday.
Amid the volatile, headline-driven market, Anthem (ANTM), Costco (COST), CSX (CSX) and Union Pacific (UNP) are among Monday’s top stocks to watch. Keep in mind that current stock market conditions should keep investors in cash and on the sidelines.
Microsoft and Tesla are IBD Leaderboard stocks. Costco and CSX were featured in this week’s Stocks Near A Buy Zone column.
Dow Jones Today: Russian Invasion, Oil Prices
Before Tuesday’s market open, Dow Jones futures rose 0.5% vs. fair value and S&P 500 futures were up 0.55%. Nasdaq 100 futures moved up 0.3% vs. fair value. Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.
Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) fell 3.7%, and the SPDR S&P 500 ETF (SPY) lost 2.9% Monday.
The 10-year Treasury yield rose to 1.75% Monday, after closing at 1.72% on Friday.
U.S. oil prices climbed 3% Monday, as West Texas Intermediate crude settled around $119 a barrel, its highest close since Sept. 2008, per Dow Jones Market Data. On Sunday, Secretary of State Antony Blinken said that the U.S. and its allies are considering a ban on Russian oil and natural gas imports after the country’s attack on Ukraine.
Russia continued to bombard Ukrainian cities, with low-level negotiators from both sides meeting for a third round of talks on Monday. Negotiators agreed on some plans to help people trapped in the fighting, but there was little other progress regarding a cease-fire. Russia’s top diplomat is…
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