Stocks broke a two-day winning streak on Wednesday as an imminent U.S. strike on Syria gave investors pause Wednesday. In the Dow Jones Industrial index returned 0.9% while the Russell 2000 surpassed with an increase of 0.2%.
All eyes remain on Thursday to Syria, which now pushes the futures in positive territory this morning, as presidents, Donald trump re-tweeted:
Did not say when the attack on Syria will take place. May be very soon or not so soon at all! In any case, the United States, under my Administration, has done a great job to rid the region of ISIS. Where is our “Thank you America?”
— Donald J. trump (@realDonaldTrump) April 12, 2018
Futures on the S&P 500 index and indicate implied the opening of 11.36, while the Dow and the Nasdaq are expected to open 131.55 and 37.06 points higher, respectively.
Meanwhile, the release of a relative tightening of fed meeting minutes (including a warning that a trade war may damage the American economy) and some solid inflation data points this week provided more reason for caution in the days and weeks.
Here are three stock charts that are worth watching today:
Exxon Mobil (SOM)
Energy stocks were perking up as prices on crude oil should benefit from both speakers, with the group gaining 1.0%. Exxon Mobil Corporation (Ticker NYSE:xom at) rose 0.5%, as it emerges from multi-month consolidation range with a push to its 200-day moving average.
Bank of America (BAC)
Financials were Laggards, down 1.3%, reports a higher interest rate reduces the activity in the field of mortgage lending. Bank of America Corp (Ticker NYSE:bac) fell 1.9 percent before falling back through $30-a-share level at the beginning of the first quarter of the season looming this week.
And Facebook Inc. (Nasdaq:FB) rose by another 0.8%, as CEO mark Zuckerberg has successfully wrapped up his speech before Congress without a hitch. Think some more regulation coming down the pike, but politicians seemed more than fascinated with mark and his creation, than angry.
Finally, earnings season is preparing and how Blackrock, Inc. (NYSE:BLK) and Delta airlines, Inc. (NYSE:OOO) reported higher than expected Q1 numbers to call.
Check trade Serge Berger of the day on April 12.
Today the retail landscape
To see a list of companies reporting in earnings today, click here.
The list of economic reports this week needs to go, click here.
Anthony Mirhaydari is founder of the edge (etfs) and edge Pro (variants) of the investment newsletters. Free two – and four-week study of offers extended to InvestorPlace readers.