Stock market indexes dropped 1% after bond yield rose and crude oil prices continued to advance. Mortgage application volume dropped to the lowest in 22 years.
The eurozone economic growth in the first quarter was revised higher and German industrial production rose less than expected 0.7%. Credit Suisse indicated a loss in second quarter. Inditext earnings jumped 80%.
U.S. stocks looked down after the World Bank and the OECD lowered global growth estimates. The U.S. Treasury yields rebounded and crude oil inched higher above $120 a barrel.
U.S. indexes closed higher in volatile trading and managed to shrug off the latest earnings warning from Target. Retailers and tech stocks rebounded, bond yields fell, and crude oil advanced.
U.S. stocks turned lower after Target issued an earnings alert and cited inventory challenges. Discount retailers have been struggling with inventory and supply chain issues leading to higher than expected markdown and order cancellations.
U.S. stocks advanced despite the benchmark Treasury bond yields inched higher and above 3%. Crude oil was in focus after Saudi Arabia increased its premium for shipment to Asia.
European markets advanced in a broad rally supported by the advances in Asia and the U.S. Resource stocks led the gainers in London and financials and manufacturers led in Paris and Frankfurt.
Stocks traded higher in early trading on China optimism. China eased mobility and gathering restrictions as coronavirus spread subsided. Investors also cheered the proposed U.S. roll-back of tariffs on imports from China.
U.S. market indexes declined and closed down 1% in the week after investors focused on the Fed action following the stronger than anticipated jobs report.
Cautious investors sold stocks and dragged the tech-heavy Nasdaq index down more than 2%. Employers added more than expected 390,000 net new jobs supporting Fed's case to lift rates higher and faster.
The S&P 500 and Nasdaq Composite indexes accelerated gains after bargain hunters added exposure to tech and large cap stocks. Saudi Arabia led OPEC+ agreed to bring forward oil production increase in the next two months.
U.S. stocks trade sideways and crude oil was in focus after the extended OPEC member nations agreed to bring forward additional oil supply in the next two months.
U.S. market indexes struggled after mortgage rates rose, economic worries resurfaced, and energy prices failed to budge from elevated levels. European and Asian markets closed down.
U.S. stocks turned lower on the renewed worries of the health of the economy after the latest jobs survey showed a decline in available jobs. Crude oil and the yield on the 10-year U.S. Treasury notes headed higher.
U.S. stocks closed mixed after another day of lackluster trading. European leaders agreed to ban the import of oil from Russia and cargo insurance but appeared to be divided in shipping advanced arms to Ukraine.
