Sam Boughedda

Investing.com — On Wednesday stocks showed extreme swings, with gains rising then falling in the afternoon trade amid increasing tensions over Ukraine.

Cyberattacks against the Ukrainian government websites were reported Wednesday after the White House issued sanctions against the Russian-controlled Nord Stream 2 pipeline and its contractor.

Reuters reports that Ukraine declared a state emergency and urged Russian citizens to flee. The world continued to await Russia’s next military move after backing the independence of two separatist groups in Ukraine earlier this week and sending in troops.

Wednesday’s market swoon caught several big tech names in the downdraft, including Advanced Micro Devices Inc (NASDAQ:), down 4%, as well as Apple Inc (NASDAQ:), Nvidia Corporation (NASDAQ:), and Tesla Inc (NASDAQ:).

Investors still remain cautious about whether the Federal Reserve will increase short-term rates at its next meeting, although many had previously expected that it would make a move of 50 points to reduce inflation.

Three things could impact the markets in tomorrow’s future:

1. Economy output

U.S. to Release Fourth Quarter Quarterly Figure Thursday Morning at 8:30 AM ET. Predictions for a 0.1% rise to 7%, from 6.9% are expected.

2. Alibaba Earnings

Alibaba Group Holdings Ltd ADR, (NYSE:), reports its earnings ahead of the Thursday opening bell. Analysts predict that quarterly profit will fall by 60%, and net income will reach around $5 billion.

3. Earn Buds

Anheuser Busch Inbev NV ADR (NYSE) reports also Thursday morning. Analysts expect earnings per share to be 75cs for revenue of $13.73 trillion.

This was a contribution from Reuters