Asian markets advanced and investors shifted focus to the latest batch of earnings. China is holding its largest-ever military exercises over Taiwan and landed at least five missiles near the southernmost islands of Okinawa, Japan.

Stocks on Wall Street lacked direction ahead of the release of labor force status Friday and payrolls expansions are expected to slow considerably in July. Gasoline demand at retail stations are near the lows seen two years ago at the height of the Covid-19 pandemic.

Stocks on Wall Street lacked direction after a two-day rally and ahead of monthly jobs report on Friday. Crude oil extended weekly losses on the worries of global economic slowdown.

Benchmark indexes in China rose despite the rising tensions with the U.S. and in Japan rose on positive earnings and weaker crude oil prices. Market indexes in India were cautious ahead of rate decision on Friday.

Tech stocks led the advance on Wall Street after the service sector expanded at the fastest pace in three months according to a private survey. Positive data on manufactured goods also supported the market advance.

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.

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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.

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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.

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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.

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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.

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