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 pushed for 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 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 revealed he Bought a 9.2% stake in the 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 by claiming that 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 be actively participating in social media platforms for Yahoo Finance in the coming weeks or months, and his latest shares “Just hungry. “

Separately, Musk’s own company, electric-vehicle company Tesla, contributed to the gains that triggered 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 was in the bay after a closely monitored area on Monday The Treasury revenue curve was reversed last week And frightened investors of the possibility of an immediate economic contraction. This phenomenon has a history of predicting a recession, with each of the last eight recessions since 1969 preceding a reversal of the yield curve. As of Monday morning, the yield of the benchmark 10-year mark was lower than the short-term 2-year mark.

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

Nomura chief US economist Robert Dent Yahoo Finance Live said He sees the potential for a “mild 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 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 slow the American and world economies meaningfully. 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 addressed a series of open war crimes in Ukraine In a statement to officials“Working on further sanctions against Russia” Targeted attacks on the country’s civilians. Including some prominent European officials Germany’s defense minister has said he supports Russia’s ban on natural gas – Exclusion of sanctions as Russia supplies 40% of Europe’s gas.

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

Twitter Inc. (TWTR) Announced The company will appoint Elon Musk, CEO of Tesla A day after he revealed a significant role in the social media company to its team.

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 for more potential 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.

United Nations The Russian government was suspended on Monday From trying to put pressure on Moscow to pay more than $ 600 million in reserves in US banks to its sovereign debtors.

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

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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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