Stock Groups

5 things to know before the stock market opens Tuesday, March 1


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

1. As Russia moves toward Kyiv, stock futures begin March lower

Traders at the NYSE February 28, 2022

Source: NYSE

U.S. stock futuresOn Tuesday the 1st of March, it fell as Russia retaliated against Kyiv, Ukraine’s capital. While bond yields fell, oil and bitcoin rose. Retail earnings are also being emphasized by investors. Target shares soaring 12% after forecasting continued sales growth.

  • The Dow Jones Industrial AverageAnd the S&P 500Two-session streaks of winning were broken Monday with small losses. However, they are still well above their lows for the day. The rally in the late session actually helped push them. Nasdaq positive. All three stock benchmarks fell by more than 3% in February.

2. Target stock shares rise as retailers forecast growth that goes beyond the pandemic

Getty Images| Bloomberg | Getty Images

Target announced Tuesday that it had closed 2021. Target said Tuesday that the company weathered supply chain problems over the holidays, and had built upon e-commerce gains and customer wins during the holiday period. Covid pandemic. The fourth quarter adjusted earnings were higher than the estimates, but revenue fell short. However, the stock truly took off. better-than-expected full-year guidanceThe top and bottom line, as well as the rosy operating profits.

  • Target stated Monday it would spend $300,000,000 more this year on wages and benefits. Based on the role of hourly workers and their local market, starting wages will be $15-25 per hour. Around 20% more workers will be eligible for medical benefits.

3. U.S. oil reaches $101 per barrel, as bonds yields drop and bitcoin rises

Maxar Technologies captured satellite images on February 28, which show the Russian vehicle convoy moving towards Kyiv. These images, according to Maxar Technologies, show the north end of the convoy with logistic and resupply vehicles. Satellite image (c/ 2022 Maxar Technologies.

Maxar Technologies | Getty Images

U.S. oil prices soaredMore than 4% for Tuesday West Texas Intermediate crudeThe price of a barrel reached $101 per day, the highest since July 2014 when Russia crushed Ukraine’s second-largest town, Kharkiv. A convoy covering 40 miles approached Kyiv. The U.S. sanctions against Moscow for its unprovoked invasion in Ukraine don’t target Russian oil. Russia exports approximately 4 to 5 millions barrels of crude per day.

Also, investors were seeking the safety of bondsConversely, pushing the 10-year Treasury yieldOn Tuesday, the rate was lower at 1.77% BitcoinHowever, overnight highs are still well below the 6% increase. to around $44,400. According to crypto proponents, bitcoin is a safe haven as well as a store for value similar to gold. Actual gold pricesThe rate of increase also surpassed 1% roughly $1,920 per ounce.

4. President of Ukraine says “nobody will break us”

The view is a general one of the destroyed Kharkiv city hall on March 1, 2022. It was damaged by Russian troops shelling.

Sergey Bobok | AFP | Getty Images

On Day SixThe fighting in Ukraine has gone beyond the military objectives. Associated Press journalists have documented evidence of bombing homes and schools. That is denied by the Kremlin. Talks between Russia and Ukraine failed to produce a ceasefire after their first round. Each side agreed to meet again in the coming days.

  • Volodymyr Zelenskyy is the Ukrainian President spoke to the European ParliamentOn Tuesday Zelenskyy declared that “nobody will break us.” Zelenskyy had earlier called Kharkiv’s shelling an “undisguised terror”, that “noone will forget.” Zelenskyy also stated that Kyiv’s holding is “a key priority.”

5. Biden during difficult times prepares for State of the Union

U.S. Vice President Joe Biden takes a pause during his speech at Black History Month Celebration at the White House Washington, U.S. on February 28, 2022.

Kevin Lamarque | Reuters

President Joe BidenHe will provide his State of the Union addressTuesday night saw turmoil domestically and internationally. Biden talks to Americans about Russian aggression, how to get the U.S. from the pandemic, stagnant social and climate policies, rising inflation, and other issues.

  • Biden will address a large crowd, many of whom are wearing masks. This is one indication that the threat from Covid has eased. Because of security concerns raised after the insurrection last year, his speech will be delivered from inside a recently fenced Capitol.

— The Associated Press contributed to this report. Sign up now for the CNBC Investing Club to follow Jim Cramer shares every stock movement. You can follow the market action as a professional. CNBC Pro.