European markets closed higher and retail sales declined and producer prices rose in the currency zone.

AMD posted strong quarterly revenue growth but earnings dropped. Airbnb swung to a quarterly profit and record booking volumes. PayPal swung to a quarterly loss. Robinhood Markets expands layoffs. Starbucks says customers are not trading down.

AMD EXPD PYPL SBUX ABNB MTCH HOOD

Stocks Advance with Earnings In Focus

Aug 3, 2022
Barry Adams
Benchmark indexes extended gains for the second day as investors focused on the fresh of corporate results and looked beyond the war words between the U.S, and China amid the rising military tensions.

SBUX
Global financial markets trended lower and bond yields rose after political tensions rose between the U.S. and China and the broadening of supply chain disruptions for advanced technology products.

The S&P 500 and the Nasdaq indexes rebounded from morning losses after investors reviews the latest batch of earnings. The advertised job opening for workers fell to the lowest in June, a nine-month low.

CAT COWN PINS ZI

Stocks Turn Lower In Choppy Session

Aug 1, 2022
Barry Adams
Benchmark indexes struggled and the yield on the 10-year U.S. treasury notes dropped to a four-month low. European markets closed mixed after manufacturing activities shrank to a 25-month low.

Boeing jumped on the expectations that the jet maker will resume deliveries of 787 Dreamliner soon. PerkinElmer agreed to sell its non-core assets. Global Payments reinforced its annual outlook. Chinese electric vehicle makers reported rising shipments in July.

BA GPN LI CHKP PKI NIO


U.S. stocks struggled and manufacturing activities expanded for the 26th month in a row in July. Crude oil prices dropped. Investors await earnings from 1,200 companies this week.

Investors looked beyond rate hike worries and economic slowdown and the latest data confirmed 4-decade high inflation last month. Exxon and Chevron posted record quarterly profits.

Stocks extended rally on Wall Street and popular indexes are set to extend and weekly gains. The latest batch of earnings provided an additional impetus to the market advance despite a measure of inflation reaching a four-decade high in June.

AAPL INTC CVX AMZN PG XOM
Benchmark indexes rallied for the second day in a row after investors looked beyond the latest GDP data. Intel posted a second quarter loss. Apple earnings fell 11% and the iPhone remains popular with customers. Amazon reported its second quarterly loss in a row.

Stocks rebounded from earlier losses after the second quarter GDP declined but at a slower pace. The second quarterly decline raised the prospect of a recession despite the strength in labor market and stable consumer spending.  

SWK LUV ETSY SAVE META BBY

Nasdaq Jumps 4% After Fed Rate Hike

Jul 27, 2022
Barry Adams
Stocks soared on Wall Street after the Federal Reserve lifted its key lending rate by a larger-than-expected 0.75 percentage point. Tech stocks led the advance ahead of the GDP data on Wednesday.

Benchmark indexes jumped more than 1% ahead of the rate decision supported by a barrage of generally positive corporate earnings.



Rate jitters dragged benchmark indexes lower ahead of Fed's decision tomorrow. European markets declined on the natural gas supply uncertainties. Natural gas prices soared to the levels last seen in 2008.

WMT GE MMM GM SHOP