Stock markets continued to rally as investors watched the progress of the Russian-Ukrainian war.


US stocks fell on Tuesday as investors watched the war in Ukraine and pushed for the possibility of new European sanctions against Russia.

The S&P 500 fell about 0.3% and the Dow Jones Industrial Average was close to Breakven. Nasdaq Composite down 1.2% barring gains from a rally in the previous trading session triggered by a 27% rise on Twitter (TWTRCame after Tesla (DSLA) CEO Elon Musk said revealed he had bought a 9.2% stake in the social media company.Twitter rose again on Tuesday after the company announced it would name its group Kasturi, a day after the Tesla boss revealed his participation.

Meanwhile, WTI crude traded up nearly 1% at $104 a barrel.

Musk told Rohit Kulkarni Yahoo Finance Live of MKM Partners that “Twitter talks about his money saying it’s a discredited site.” “He sees there are things they can do to improve the service, and he certainly emphasizes a very active role.”

Wedbush Securities Analyst and Tesla Bull Dan Yves predict that Musk will actively participate in social media platforms for Yahoo Finance in the coming weeks or months, and his latest actions “Just Hungry. “

Elsewhere, Musk’s own company, electric vehicle company Tesla, contributed to the gains that sparked the tech’s takeoff in a Monday trading session. Shares of the electric vehicle maker rose nearly 6% after announcing vehicle supply figures over the weekend, which were higher than the same period last year.

The recession was at bay after a closely watched Monday Treasury revenue curve inverted last week and scared investors off the possibility of an immediate economic contraction. This phenomenon has a habit of predicting a recession, with each of the last eight recessions since 1969 preceding a reversal of the yield curve. On Monday morning, the yield of the 10-year benchmark mark was below the 2-year short-term mark.

However, concerns about the economic slowdown have not completely left the strategist’s table.

Nomura’s chief US economist Robert Dent, Yahoo Finance Live, said he saw the potential for a “mild recession”.

“We expect the overall recession risk to be around 35% to 40% now and by the end of 2024,” he said. From the central bank to really getting inflation under control and making sure the labor market really cools down.

The uncertainty surrounding the crisis in Eastern Europe continues to be a headache for investors. JP Morgan CEO Jamie Dimon, in his widely read partner letter, warned that the war in Ukraine would significantly slow the US and global economies. In the United States in particular, the Bank estimates that the US economy will grow by around 2.5%, down from the company’s original GDP forecast of 3%, with significant revisions to the lower forecasts for the economic outlook in Russia and Europe.

“We don’t know what the outcome will be, but the hostilities in Ukraine and the sanctions against Russia are already having a significant economic impact,” Dimon said, adding that “many more” sanctions could be imposed on Russia and cause more. of unpredictability. .

The European Union (EU) on Monday addressed a series of open war crimes in Ukraine In a statement to officials “Working on new sanctions against Russia” Targeted attacks on civilians in the country. Including some top European officials, the German Defense Minister said he supports Russia’s natural gas ban – Exclusion of sanctions as Russia supplies 40% of Europe’s gas.

10:23 a.m. ET: Twitter names Elon Musk on board after Tesla CEO reveals 9.2% stake

Twitter Inc. (TWTR) announced The company will appoint Elon Musk as CEO of Tesla a day after revealing to his team an important role in the social media company.

Analysts and investors have speculated the move could temporarily thwart Musk’s takeover bid, after the Tesla CEO revealed he had bought a $3 billion stake in Twitter.

According to a lawsuit, Musk could not own more than 14.9% of Twitter’s common stock or be a member of the board of directors while he is a director of Twitter.

9:30 a.m. ET: Stocks fall as investors brace for more potential sanctions on Russia.

Here are the main moves in the markets when it opened on Tuesday:

  • S&P 500 (GSPC): -12.78 (-0.28%) to 4,569.86

  • Dove (DJI): -90.43 (-0.26%) to 34,831.45

  • Nasdaq (IXIC): +271.05 (+1.90%) to 14,532.55

  • RawCL=F): +$0.83 (+0.80%) at $104.11 a barrel

  • Gold (CG=F): +$5.50 (+0.28%) at $1,939.50 per ounce

  • 10-year cash flow (DNX): +4.6 bps to gain 2.4580%

7:50 a.m. and: US suspends Russia titles aim to increase pressure on Moscow.

UN The Russian government was suspended on Monday from trying to pressure Moscow into paying over $600 million in reserves in US banks to its sovereign debtors.

The foreign exchange reserves of the Russian central bank were frozen on February 24 as part of the sanctions imposed on Moscow for its invasion of Ukraine.

However, the US Treasury Department authorized the Russian government to use the funds to make sovereign debt coupon payments in dollars.

On Monday, the US government moved to cut off Moscow’s access to frozen funds.

7:10 a.m. ET: Stock futures slip, oil rises after Monday’s tech rally

Here are the key futures trading moves that will open on Tuesday:

  • S&P 500 Futures Contracts (ES = F): -10.50 points (-0.23%) 4,567.25

  • Dow futures contracts (YM=F): -83.00 points (-0.24%) to 34,746.00

  • Nasdaq futures contracts (NQ = F): -37.75 points (-0.25%) to 15,126.50

  • RawCL=F): +$1.28 (+1.24%) at $104.56 per barrel

  • Gold (CG=F):-$1.70 (-0.09%) at $1932.30 per ounce

  • 10-year cash flow (DNX): 0.4 bps to gain 2.4120%

6:12 p.m. and Monday: Futures changed slightly after stocks rise

Here’s where the markets will trade ahead of Monday night’s session:

  • S&P 500 Futures Contracts (ES = F): -2.25 points (-0.05%) 4,575.75

  • Dow futures contracts (YM=F): -14.00 points (-0.04%) to 34,815.00

  • Nasdaq futures contracts (NQ = F): -9.25 points (-0.06%) to 15,155.00

  • RawCL=F): +$0.43 (+0.42%) at $103.71 a barrel

  • Gold (CG=F): +$3.30 (+0.01%) at $1,937.30 an ounce

  • 10-year cash flow (DNX): +3.5 bps to gain 2.4120%

On April 4, 2022, screens will display trading information for Twitter at the New York Stock Exchange (NYSE) site in New York, United States. REUTERS/Brendan McDermid

Alexandra Semanova is a correspondent for Yahoo Finance. Follow her on Twitter @alexandraandnyc

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