Market Recap – March 17th
Markets the past two days have been volatile but a rebound has been in the works in hopes of positive Ukraine and Russia negotiations. As of yesterday, Stock futures slipped with Dow Futures falling 166 points, S&P 500 futures falling 0.66% and Nasdaq futures trading 0.88% lower. Where the market will head next is hard to say as the day-to-day trends keep shifting in either direction. The larger week to months-long trend seems slightly bearish still with Ukraine and Russia war unresolved as well as mounting COVID (Omicron) cases in China – posing potential supply chain issues. Two specifics stocks we’re watching include Starbucks and Intel. Starbuck’s CEO recently stepped down and Intel is during the NASDAQ’s best rally since February of 2021.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.