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European Markets Rebound to Close Up 2%

Jul 19, 2022
Bridgette Randall
Market indexes across the eurozone rebounded following the advance in the U.S. amid mixed economic reports in the region.

China's Cash Crisis Prompts Central Bank Action

Jul 19, 2022
Arjun Pandit
The People's Bank of China injected more liquidity and to prevent the growing cash crisis from developing into a crisis of confidence in the banking system. Mortgage boycotts are widening at a rapid pace as real estate developers struggle in completing residential home projects.

IBM Revenue Growth Hit by Strong Dollar

Jul 18, 2022
Scott Peters
IBM said second quarter sales rose 9% and earnings surged despite the headwinds from a strong dollar.

IBM

Morning Rally Turns Afternoon Losses On Wall Street

Jul 18, 2022
Barry Adams
Stocks turned lower after rallying in the morning on the back of earnings from Goldman Sachs and Bank of America. After the close, IBM cited headwinds from strong dollar in its full-year guidance.

Movers: Bank of America, Boeing, Coinbase, Delta, Goldman Sachs, IBM

Jul 18, 2022
Barry Adams
Goldman Sachs earnings took a hit after deal volumes fell. Bank of America benefited from the rising rate environment. Delta placed a 100 MAX jets order with Boeing.

BAC COIN GS BA DAL IBM

U.S. Stocks Advance Ahead of Busy Week of Earnings, Goldman Sachs and Bank of America Rise

Jul 18, 2022
Barry Adams
Stocks on Wall Street advanced after Goldman Sachs and Bank of America reported better than expected quarterly results. At least 135 companies are scheduled to release earnings this week.

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European Markets Advance and Look Beyond Rate Hike This Week

Jul 18, 2022
Bridgette Randall
European markets advance following the market surge in New York. Investors are looking beyond the possible 25 basis points rate hike this week.



S&P 500 Rebounds 2%, Banks Advance

Jul 15, 2022
Barry Adams
Benchmark indexes advanced after a rise in retail sales despite the inflation surge lifted spirits on Wall Street. Better than expected earnings at banks contributed to the day's advance.

U.S. Stocks Gain After Retail Sales Rose 1% In June

Jul 15, 2022
Barry Adams
U.S. stocks popped after retail sales rose 1% in June despite the 4-decade high inflation. The resilient consumer spending lifted market mood.

Stocks Drop After Banks Report Weak Earnings

Jul 14, 2022
Barry Adams
Benchmark indexes declined in volatile trading after JPMorgan profit fell 28% and suspended stock buybacks. Morgan Stanley earnings dropped 29%. The wholesale price index surged in June.

Faster Rate Hike Worries Markets After Wholesale Price Report

Jul 14, 2022
Barry Adams
Benchmark index dropped after the latest elevated wholesale inflation report stoked the fears of faster and larger rate hikes at the next Fed's meetings. JPMorgan fell after the largest bank said it has temporarily suspended stock buybacks.

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European Markets Drop 2%, Eurozone Growth Estimate Lowered

Jul 14, 2022
Bridgette Randall
European market indexes dropped 2% and the euro dropped to a low last seen in 2002 on the fears of economic slowdown and faster increase in rates.

S&P 500 Trim Losses Despite Inflation Surge

Jul 13, 2022
Barry Adams
Benchmark indexes trimmed day's losses despite the surging inflation showing no sign of slowing down.

Stocks Sink After Inflation Accelerates In June

Jul 13, 2022
Barry Adams
U.S. stocks turned lower and bond yields increased after inflation in June accelerated to a 400-year high driven by a surge in the cost of gasoline, housing, and food.



U.S. Stocks Drop Ahead of Inflation Reports and Profit Squeeze Worries

Jul 12, 2022
Barry Adams
U.S. stocks, crude oil and bond yields fell on the worries that global economic slowdown is likely to be deeper and longer than previously anticipated.