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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.

Stocks On Wall Street Rally Ahead of Rate Decision

Jul 27, 2022
Barry Adams
Benchmark indexes jumped more than 1% ahead of the rate decision supported by a barrage of generally positive corporate earnings.

Nasdaq and S&P 500 Down 1% On Rate Jitters

Jul 26, 2022
Barry Adams
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.

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EU States Agrees to Cut Gas Consumption, UBS Drops 10%

Jul 26, 2022
Bridgette Randall
European markets traded lower and the EU member nations agreed to cut down natural gas consumption by 15% in the next eight months as Russia throttles supplies through the Nord Stream pipeline network.

Asian Indexes Slip In Cautious Trading, South Korea's GDP Expands

Jul 26, 2022
Arjun Pandit
Asian markets traded mixed as Chinese authorities prepare to set up a bailout fund and revive select real estate projects.

Walmart Lowered Profit Outlook, Inflation Affects Consumer Spending Pattern

Jul 25, 2022
Scott Peters
Walmart lowered its second quarter and full-year earnings outlook. Higher food and fuel prices are affecting consumer spending, requiring more price cuts on apparel and other goods. Strong dollar is impacting international sales.

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U.S. Stocks Waver Ahead of Rate Decision and GDP Data

Jul 25, 2022
Barry Adams
U.S. benchmark indexes lacked direction ahead of the release of GDP data and Fed's interest rate hike later in the week.

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Tech Weakness Drags U.S. Stocks Lowe, European and Asian Markets Gain

Jul 22, 2022
Barry Adams
Tech companies relying on advertising fell after Snap and Twitter reported weak advertising revenues. European markets gained despite deepening slowdown in the private sector. Earnings optimism drives Asian markets higher.

U.S. Movers: American Express, Boston Beer, Intuitive Surgical, Schlumberger, Seagate, Snap, Twitter

Jul 22, 2022
Barry Adams
American Express advanced on higher spending by card members. Boston Beer lowered its annual outlook. Schlumberger lifted annual outlook. Seagate Technology fell on weaker-than-expected results and outlook.

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Tech Rally On Hold After Weak Results from Twitter and Snap

Jul 22, 2022
Barry Adams
The Nasdaq and the S&P 500 index halted weekly advanced after Snap reported wider quarterly loss and slower advertising revenues.

Tech Powered Rally On Wall Street

Jul 21, 2022
Barry Adams
Benchmark indexes closed higher after tech stocks gained. Initial claims of jobless benefits rose and crude oil and natural gas prices eased.

European Markets Waver After Larger Rate Hike and Italian Political Turmoil

Jul 21, 2022
Bridgette Randall
European markets wavered after the ECB lifted rates by 50 basis points, the first rate increase in eleven years. Russia resumed natural gas flow easing pressures in the energy markets. Italy is likely to head for a general election as early as September.

Recession Worries Resurface After Latest Earnings

Jul 21, 2022
Barry Adams
U.S. stocks lacked direction and popular indexes traded near six-week high. The European Central Bank lifted rates for the first time in 11 years but also showed preparedness to fight bond market stress and Japan left its rates unchanged.

S&P 500 Closes at 5-week High, Rapid Decline in Housing Market

Jul 20, 2022
Barry Adams
The S&P 500 and the Nasdaq indexes closed at five-week highs as the earnings season gathers pace. Existing home sales declined in June and mortgage applications plunged as more buyers are priced out.



Movers: Baker Hughes, Bath & Body Works, Nasdaq, Netflix, Tesla

Jul 20, 2022
Barry Adams
After the close, Tesla reported 42% rise in sales and quarterly earnings jumped 98%. Bath & Body Works trimmed second quarter and annual outlook. Netflix quarterly subscriber loss slowed.

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