Stock markets continued to rally as investors watched the progress of the Russia-Ukraine war.

U.S. stocks tumbled on Tuesday as investors watched the war in Ukraine and faced the possibility of new European sanctions against Russia.

The S&P 500 fell approximately 0.3%, and the Dow Jones Industrial Average was close to break even. The Nasdaq Composite fell 1.2%, while gains from a previous trading session rally spurred a 27% rise on Twitter (TWTR), following the revelation that Tesla (TSLA) CEO Elon Musk had acquired a 9.2% stake on social media. Company. Twitter rose again on Tuesday after the company said it would name its group Kasturi, a day after the Tesla boss disclosed its stake.

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

Musk told MKM Partners’ Rohit Kulkarni Yahoo Finance Live that “Twitter is talking about its money, claiming it is a discredited site”. “He sees that there are things they can do to improve the service, and he certainly points to a very active role.”

Wedbush Securities analyst and Tesla Bull Dan Yves predicts that Musk will become an active participant in the social media platform Yahoo Finance in the coming weeks or months, and that his latest shares will “just whet the appetite”.

Separately, Musk’s own company, electric vehicle company Tesla, contributed to the gains that triggered the take-offs for technology during a trading session on Monday. Shares of the EV carmaker rose nearly 6% after reporting vehicle supply figures this weekend, which was higher than the same period last year.

The recession hit on Monday after the meticulously monitored area of ​​the Treasury yield curve turned upside down last week, threatening investors about the possibility of an immediate economic contraction. This event has a history of predicting a recession, with each of the last eight recessions reversing the pre-1969 yield curve. As of Monday morning, the yield on the 10-year note was lower than the short-term 2-year note.

However, concerns about the economic downturn have not completely left the table for strategists.

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

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

Uncertainty surrounding the crisis in Eastern Europe also 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 mean a significant slowdown in the US and world economies. In the United States in particular, the Bank estimates that the US economy will grow at approximately 2.5%, down from the company’s initial GDP forecast of 3%, with large cuts in forecasts on economic outlooks in Russia and Europe.

“We do not know what the outcome will be, but hostilities in Ukraine and sanctions on Russia are already having a significant economic impact,” Dimon said, adding that “many more” sanctions could be imposed on Russia and provoke further unpredictability. .

The European Union (EU) on Monday said it would support Russia’s sanctions against Ukraine’s defense ministers, citing a statement issued by the European Union (EU) on “war crimes in Ukraine.” Natural Gas – Russia’s 40% of Europe’s Gas Energy

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

Twitter Inc. (TWTR) A day after Tesla CEO Elon Musk revealed a significant stake in the social media company, it announced its appointment to its board.

Analysts and investors have speculated that the move could temporarily thwart Musk’s acquisition attempt, after Tesla’s CEO revealed that 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 as long as he is Twitter’s director.

9:30 am ET: Shares fall as investors tune in to possible sanctions against Russia.

Here are the key moves in the markets when it opens 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%) to $ 104.11 a barrel

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

  • 10 year treasury (DNX): +4.6 bps to earn 2.4580%

7:50 am and: US suspends Russia’s securities aims to increase pressure on Moscow.

The United States on Monday suspended payments to sovereign debtors of more than $ 600 million from US bank reserves in an attempt to put pressure on Moscow.

Russia’s central bank’s foreign currency reserves were frozen on February 24 as part of sanctions imposed on Moscow over its invasion of Ukraine.

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

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

7:10 am and: Stock futures slip, oil rises following Monday’s technology rally

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

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

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

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

  • RawCL = F): + $ 1.28 (+ 1.24%) to $ 104.56 a barrel

  • Gold (GC = F):-$ 1.70 (-0.09%) to $ 1,932.30 per ounce

  • 10 year treasury (DNX): 0.4 bps to earn 2.4120%

6:12 pm and Monday: The futures changed slightly after the stock rose

Here is where the markets will trade before Monday night’s session:

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

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

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

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

  • Gold (GC = F): $ 3.30 (+ 0.01%) to $ 1,937.30 per ounce

  • 10 year treasury (DNX): +3.5 bps to earn 2.4120%

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

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

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