Today's recommendations: Oil prices decline while stock futures rise.

BY THE NUMBERS

The 10-year Treasury yield fell, but it remained above 2.10%, as investors continued to monitor the Russia-Ukraine war and look ahead to the Federal Reserve's widely expected interest rate hike Wednesday.

On Monday, the S&P 500 and Nasdaq both experienced a decline, marking their seventh negative day in a row. The Nasdaq, which fell by 2%, is now in a bear market, having dropped about 22% from its November high. Meanwhile, the Dow and S&P 500 remain in correction territory.

The Federal Reserve is expected to make several announcements at its meeting this week, including the release of its latest economic projections and the decision on whether to raise interest rates. The New York Federal Reserve Bank's Empire State Manufacturing Index for March also came out Tuesday morning, dropping to its lowest level since May 2020 at -11.8. Expectations had been for it to rise to 5.5 from February's 3.1.

The U.S. oil benchmark, futures, fell about 6% to trade below $97 per barrel, its lowest level since March 1, after the Russia-Ukraine war sparked shortage concerns. Meanwhile, the international benchmark traded around $100.67 per barrel Tuesday, down nearly 6% on the session.

No significant earnings reports are expected to be released either this morning or after the market closes.

IN THE NEWS

The Ukrainian capital of Kyiv is set to undergo a 35-hour curfew, as announced by mayor Vitali Klitschko on Tuesday. The decision to restrict movement was made by the Ukrainian military command due to the city's current "difficult and dangerous moment," Klitschko stated. Earlier in the day, multiple residential buildings in Kyiv were damaged by Russian ammunition. (Reuters)

A protester carrying a "No War" sign disrupts a Russian state TV broadcast (NBC News)

Russian and Ukrainian officials are set to resume cease-fire talks after they were halted on Monday. Additionally, China's foreign minister, Wang Yi, stated that Beijing wants to avoid being affected by the economic sanctions the U.S. has imposed on its ally Russia. The U.S. and China held "intense" diplomatic talks the previous day. Washington has cautioned China that it could face consequences if it aided Russia in circumventing any U.S. sanctions. (CNBC)

* Three EU leaders to visit Kyiv to show Ukraine support (Reuters)

In response to the recent health restrictions in Shanghai and Shenzhen, Dongguan city has implemented stricter measures to control new cases, including shutting down production in industrial parks where Covid cases have been reported. China is currently facing its worst virus outbreak since the start of the pandemic in 2020. (CNBC)

The CEO of Marvell predicts that China's Covid outbreak will cause some disruption to tech supply chains, according to CNBC.

AMC announced on Tuesday that it is acquiring a significant stake in HYMC. This move is unusual for the movie theater chain, which has used its popularity as a "meme stock" to raise capital. The deal includes stock warrants and would make AMC a roughly 22% owner in the Nevada metal miner. (CNBC)

Since late 2020, Tesla (TSLA) has been purchasing aluminum from Russian company Rusal, according to internal company documents reported by CNBC. This disclosure highlights the intricate dynamics of supplier relationships during wartime. The founder of Rusal, Oleg Deripaska, is a Russian oligarch who is subject to sanctions.

After warning of inflation pressure, Tesla raises car prices in the U.S. and China, as per CEO Elon Musk's announcement (CNBC).

STOCKS TO WATCH

Although Coupa Software (COUP) reported better-than-expected profit and revenue results for its most recent quarter, it plummeted in off-hours trading after issuing a weaker-than-expected full year outlook.

Toyota Motor (TM) has announced additional production cuts due to semiconductor shortages, just a few days after reducing its domestic production target by up to 20%. This will affect the production of approximately 14,000 minivans.

GitLab's (GTLB) premarket shares are rising after the company reported strong results for its latest quarter and issued an optimistic outlook for the future.

The stock price of Moderna (MRNA) has increased by 8.6% in premarket trading after the rise in COVID-19 cases in Shenzhen, China.

Alibaba (BABA) is experiencing a decline once again this morning, following a three-day slide and losing over 27% in the past nine trading sessions. The Chinese e-commerce giant is facing pressure due to concerns about a slowdown in the Chinese economy due to Covid-19 and the possibility of a U.S. de-listing. These fears have also affected other Chinese stocks listed in the U.S., including JD.com (JD) and Bidu (BIDU).

Vimeo reported a 23% increase in February revenue compared to the previous year, along with an 8% increase in subscribers and a 13% rise in average revenue per user.

Southwest Gas (SWX) announced it would review Carl Icahn's revised offer for the utility company, now at $82.50 per share compared to the initial offer of $75 per share.