Premarket: Apple is red

From the Wall Street Journal’s "Stock Futures Slip on Ukraine Escalation Fears" posted early Friday:

U.S. stock futures edged down as investors were concerned of further escalation in the war in Ukraine that could lead to shortfalls of commodities supply...

Stocks have advanced for the past three days, putting the S&P 500 on track for the best weekly performance in over a year. It is up 4.9% so far. Investors said they were assessing the impact the war in Ukraine could have on the U.S. economy and that companies still have strong fundamentals. The recent upward march in oil prices could potentially damp sentiment and spur more worries about inflation, investors said.

“Sentiment remains fragile, and that the risk of further escalation remains a real concern despite the gains of the last two weeks,” said Michael Hewson, chief markets analyst at CMC Markets.

Charts: Yahoo!Finance sees a bullish Williams% pattern. Max pain stays at $162.00 with a call maximum at $165.


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