Stock Groups

5 things to know before the stock market opens Tuesday, March 22


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

1. The Markets

Traders at the NYSE floor, March 18, 2022.

Source: NYSE

U.S. stock futuresTuesday’s bounce. The Dow Jones Industrial AverageThe week began by breaking a five-session winning streak. The S&P 500And NasdaqFour-session streak of winning was ended. The catalyst Federal Reserve Chairman Jerome PowellHe pledged to “necessary measures” in order to combat what he described as “too high” levels of inflation. He left the door openTo more aggressive 50-basis point rate increases in the future. Last week’s Fed rate hike of 25 basis points to near-zero was the Fed’s first in over three years. Six more 25-basis point increases were signaled by central bankers this year. The 10-year Treasury yieldOn Tuesday, the climb continued. hitting a high of nearly 2.36%This is its highest point since Mai 2019.

2. Ukraine fighting

Early Tuesday, Ukrainian forces stated that they retook a strategically important suburbKyiv. Russia however continued to occupy other parts of the capital, and it continued its assault on Mariupol (a southern port that was under attack) unabated. U.S. President Joe BidenHe’ll be traveling to Europe to speak with his allies later this week. Vladimir Putin’S “back is against the wall”These could include chemical weapons. The White House also warnedAmerican businesses are urged to immediately strengthen their security in the face of possible cyberattacks

3. Dow stock

Dow stock NikeThe premarket saw a 6% increase in Tuesday’s trading after the release of fiscal third quarter earnings and revenue. beat estimates. Nike noted strong North American demand, but did not provide any forward guidance in light of uncertainty around inflation, Russia’s Ukraine war, and jammed supply chains.

Boeing CEO Dave Calhoun told employeesIn the probe into the collision of a China Eastern Airlines 737-8800 aircraft carrying 132 people, the manufacturer of the plane offered full support to its technical specialists. It crashed into mountains in Southern China on Monday. Boeing, which is a Dow stock fell 3.6% on Monday, but it gained modestly today in premarket trades.

Dow stock Disney,Premarket fell more than 6% over a month. It was stable ahead of an upcoming week of planned walkouts by employees, beginning Tuesday in protest against CEO Bob Chapek. delayed denunciationFlorida’s “Don’t Say Gay” bill. Chapek stated Monday that company had made an error by not speaking out on legislation in Florida, which is home to Disney World.

4. Buybacks boosted

AlibabaAfter the Chinese online giant announced that it will increase its share buyback program from 66% to $22.5 billion, shares rose 8% Tuesday in U.S. Premarket Trading. Alibaba has bought back approximately $56.2 million American deposits receipts. This equates to roughly $9.2 Billion. ADRs, which are listed shares in the U.S. and act as proxy for foreign companies, are shares. Alibaba seeks to improve investor confidence after its stock lost approximately two-thirds its value since reaching an all time high of October 2020.

5. A new factory

TeslaChief Executive Officer Elon MuskOn Tuesday is set to openThis is Europe’s first production facility for the electric car maker. The Berlin factory was the official ribbon cutting. The plant can produce up to 500,000 cars annually, according Tesla. Tesla’s lengthy delays in licensing the facility led to Tesla having to service European orders earlier from its Shanghai plant, increasing logistics costs. Only selected clients available Tuesday will get Model YsMade in Berlin. Musk stated that new orders could be placed at the plant as early as next month.

— CNBC reports Arjun Kharpal, Sam SheadAnd Lauren ThomasThis report was also contributed by The Associated Press, Reuters and others.

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