Stock Groups

5 things to know before the stock market opens Thursday, February 24

[ad_1]

These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Wall Street to Sink after Russia’s Invasion of Ukraine

Ukrainian troops prepare for an attack in Ukraine’s Lugansk area on February 24, 2022.

Anatolii Stepanov | AFP | Getty Images

Global markets plungedOn Thursday, Russia attacked Ukraine during the early hours of morning. Dow and S&P 500 futuresBoth fell by more than 2%. Nasdaq futures fell nearly 3%. These losses at the open could have serious consequences for the NasdaqA bear market is defined as a decline of 20% or more relative to recent highs.

It Dow Jones Industrial AverageThe Wednesday meeting was attended by the S&P 500The corrections territory includes Nasdaq, Dow and Nasdaq. Both the Dow and Nasdaq have logged their fifth straight session of losses. The S&P 500 saw its losing streak extend to four sessions in row. Investors soughtThe perceived security of bonds has driven prices up and yields down on Thursday. The benchmark 10-year Treasury yieldIt was 1.86%.

2. For the first time since 2014, oil prices rise above $100 per barrel

U.S. crudeOil prices at international and regional levels spikedMore than 8% of the crude oil price rose on Thursday. The prices topped $100/barrel for the first-time since 2014. American oil companies shares, Chevron Exxon MobilPremarket trading was a success for many of the companies that were included in this group, such as. Reason for this surge in energy prices is Russia’s major global producer oil and natural gas. It surged by 6% Thursday.

Long-term increases in energy prices can exacerbate inflation in America and further complicate things. Federal ReserveThe path to multiple interest rate rises this year. On one hand, central bankers need to weigh the possibly of even stronger price pressures — which could argue for more aggressive hikes — against a knock on the economy and markets — which could argue for a more gradual tightening.

3. Bitcoin drops to one month lows as gold jumps to new highs.

GoldThe price of gold rose more than 3 percent to $1,970 an ounce on Thursday highest prices in over a year. Gold is seen as a safe haven during times of geopolitical chaos, just like bonds. BitcoinCrypto circles view cryptocurrencies as an asset that can be used to store value, similar to gold. plunged roughly 7%On Thursday, the stock market plunged to $35,100.

Recently, the world’s largest digital currency is trading like a stock. It has fallen about half off its all-time high of $69,000 in November. According to CoinMarketCap data, the crypto market has seen a total loss of more than $150 billion in 24 hours.

4. Biden addresses nation in Russia’s air- and land invasion of Ukraine

Russia’s broad-ranging attack against Ukraine on Thursday included airstrikesIn cities, bases and on the ground. According to the Ukrainian government, Russian tanks and soldiers crossed over the border with Ukraine and claimed Moscow was waging “full-scale warfare.” Russian President Vladimir PutinThe goal of “special military operations” in Ukraine was, according to the statement made overnight, “demilitarization”.

U.S. President Joe BidenHe is likely to address the nation this Thursday afternoon. Before the attack, America and Western nations levied sanctionsRussia. Widely expected is a second wave economic punitive steps. NATO is expected to “further enhance our presence in Eastern Part of the Alliance” within the coming days, weeks. Secretary-General Jens Stoltenberg said Thursday.

5. Moderna anticipates that it will sell $1.9 billion worth of Covid vaccine in the coming year

Moderna said ThursdayThe company anticipates selling $19 billion worth of its products. CovidThis year vaccine, following quarterly results which blew away analysts’ earnings and revenue estimates. In the wider premarket sale, shares of the company fell by about 5%. Moderna is currently conducting clinical trials for a booster shot specifically targeting the omicron version. It’s not clear if there will be a strong demand for this shot as the number of infections caused by the variant has dropped dramatically in the U.S., and elsewhere around the globe.

— The Associated Press contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Every stock move by Cramer. Like a pro, follow the wider market action. CNBC Pro.

[ad_2]