Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:
1. What goes up must go down?
1. What goes up must go down?
U.S. stock futures are dipping, oil prices are shifting lower and European markets are all firmly in the red in early trading.
The Dow is currently up 1.7% for the year after enduring steep losses in January. The S&P 500 has also notched a 1% gain.
However, the tech-heavy Nasdaq is still in negative territory for the year, down 2.8%.
2. It's Tesla time
2. It's Tesla time
Tesla (TSLA) investors are pinning their hopes on a successful launch of the new Model 3 electric car, which will be unveiled this evening in California.
People have already begun lining up at some Tesla stores to reserve their Model 3 vehicles, even though the company hasn't provided many specific details about the new sedan.
Tesla is trying to have more mass market appeal with this vehicle by giving it a lower price point, around $35,000.
Prices for the Model S sedan and Model X SUV start at $70,000 and $132,000, respectively
3. There’s a party in Wall Street
3. There’s a party in Wall Street
Yesterday the U.S. stock market hit its highest level yet in 2016.
After starting the year in meltdown mode, the market is on a comeback kick. The Dow has not only erased the losses, it's currently up 1.7% for the year. The S&P 500 has also notched a positive 1% gain.
It's a dramatic revival for a market that had tanked more than 10% by early February. Some were ready to proclaim that the bull market was finished.
4. Spotlight on South Africa
4. Spotlight on South Africa
South Africa's highest court will decide Thursday whether President Jacob Zuma violated the constitution when he used $15 million in state funds to renovate his private residence.
South Africa's FTSE JSE All-Share index is dipping by about 1.3% in early trading, which is in line with European markets.
