Stocks Prepare to Tumble On Russia-Ukraine Conflict, Fed and Earnings Fears

U.S. equity futures were in free-fall as uncertainty over tensions between Russia and Ukraine increased. Meanwhile, investors are anticipating news of rate hikes out of the Federal Reserve this week which could act as a further damper on stocks.

Russian troops are reportedly massing on Ukraine’s borders, as fears of an invasion are mounting. The risks are such that President Joe Biden ordered the families of diplomats to leave Kyiv, due to the “continued threat of Russian military action.”

Nasdaq was the hardest hit among the major indices. Tech stocks took a beating as investors reduced their appetite for risk, ahead of the anticipated Fed rate hikes.

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This week, earnings from tech giants such as Apple, Microsoft and Tesla will have a major impact on tech stocks.

Level Chg. Chg. %
DOW Futures 34,035.00 -129 -0.38%
S&P 500 Futures 4,367.00 -23.75 -0.54%
Nasdaq Futures 14,309.00 -125.5 -0.87%

U.S. Dollar and Treasuries

Bond yields rose as investors fled to safer assets, as did the dollar.

Price Chg. Chg. %
U.S. Dollar Index (DXY): 96 +0.36 +0.37%

 

Yield Change Previous close
U.S. 1 Year Treasury Bill 0.548% 0 0.548%
U.S. 5 Year Treasury Note 1.541% -0.023 1.564%
U.S. 10 Year Treasury Note 1.736% -0.027 1.763%

 

Stocks To Watch

Tech companies took a beating over the weekend. This includes Apple and Tesla which are posting earnings this week.

Unilever is in focus amid news that activist investor Nelson Peltz’s hedge fund Trian Fund Management is buying a stake in the company. It comes in the wake of Unilever’s failed $68-billion bid for GlaxoSmithLine.

Tesla took a particularly hard hit, sliding 3.42%. However, rival automaker Ford also slid more than 3%, after a surge fuelled by its investment in EV company Rivian.

Shares of a struggling department store Kohl’s soared as private equity investors compete for takeover. Sycamore Partners reportedly offered $65 a share for Kohl’s. That news comes after Acacia Research offered $64 per share.

Shares of exercise equipment company Pelton dropped after activist investors from Blackwells Capital called for the firing of CEO John Foley.

Symbol Company Name Price Chg. % Volume
KSS Kohl’s Corp. $62.10 32.58% 1.53M
AAPL Apple Inc. $159.91 -1.54% 1.19M
F Ford Motor Co. $19.91 -3.58% 834.28K
TSLA Tesla Inc. $906.10 -4.00% 791.05K
NVDA NVIDIA Corp. $224.76 -3.84% 766.55K
PLTR Palantir Technologies Inc. $12.90 -4.66% 761.34K
AMD Advanced Micro Devices Inc. $115.19 -3.05% 415.61K
PTON Peloton Interactive Inc. $26.32 -2.73% 365.53K

Commodities To Watch

Oil prices dropped despite elevated geopolitical risks. Gold futures dropped, staying above $1,830. 

Resource Price Chg. %
WTI Crude Oil $84.92 -0.74%
Brent Crude Oil $87.79 -0.67%
Natural Gas $3.97 4.50%
Gold $1,836.90 -0.31%
Silver $24.06 -2.67%
Copper $4.44 -3.13%

 

Crypto

Crypto prices collapsed with other risk assets. The global crypto market cap is $1.51T, an 8.5% decrease over the last day. Bitcoin’s dominance is currently 41.79%, an increase of 0.79% over the same period.

Currency Symbol Price Chg. % Market Cap.
Bitcoin BTC $33,378.83 -6.80% 632.15b
Etherium ETH $2,208.45 -11.50% 262.62b
Binance coin BNB $341.45 -10.76% 50.76b
Solana SOL $82.54 -18.34% 25.98b
Cardano ADA $ 0.9657 -13.92% 30.05b

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