The Investing Club's top 5 things to watch in the market Tuesday: Stocks edge up, China, Tesla
Stock futures looked solid Tuesday morning, with the "Mighty Dow" continuing its reign over the tech-heavy Nasdaq Composite.
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The Club's top 5 things to watch Tuesday, Dec. 27, 2022
1. Stock futures looked solid Tuesday morning, though were higher earlier, with the "Mighty Dow" continuing its reign over the tech-heavy Nasdaq Composite. West Texas Intermediate crude oil is up at a 3-week high, the U.S. dollar is down slightly and Treasury yields are up a few ticks.
2. The end of zero-Covid? China on Monday further rolled back Covid-19 restrictions, saying international travelers will no longer need to quarantine upon arrival in the mainland from Jan. 8. The news should provide a boost to a range of industries with exposure to China including aerospace, cosmetics and casinos — and Club holdings Honeywell (HON), Wynn Resorts (WYNN) and Estee Lauder (EL) stand to benefit.
