Rebound in tech stocks in New York spread to the energy patch and lifted market indexes in Europe trimming weekly losses. Germany led the market advance in Europe. Crude oil jumped 4% inching closer to a 10-year high.
U.S. stocks advanced in pre-market trading after bargain hunters returned searching for stock in the beaten down tech stocks. Energy gained on the sustained rise in crude oil prices. European industrial production falls in April. Asian markets react to local news.
April inflation data stoked worries that the Fed may have to act sooner and harsher than later and lighter in taming inflation. Stocks plunged in the afternoon after a failed attempt to rally and Apple, Microsoft, Tesla, and Meta dropped between 4% and 7%.
U.S. stocks turned positive after the latest inflation data showed elevated rate in April. European markets rose between 1% and 2% and German inflation reached record high in April. Asian markets closed mixed.
U.S. stocks closed higher after bargain hunters braved in search of bargains ahead of the inflation report tomorrow. Investors will be scrutinizing inflation data in search of strength and durability of price increases.
U.S. stocks futures indicated market rebound a day after a broad selloff. Investors remain cautious ahead of the consumer and wholesale inflation data in the next two days. Bargain hunters returned in Europe but Asian markets were cautious.
U.S. stock index futures to another day of losses after interest rates advanced, falling economic activities in China and Europe, and continued inflation pressures.
Asian markets were on the defensive with the Nikkei index in Tokyo down 2.2% and the ASX 200 in Sydney falling 1%. Shanghai lockdown is expected to extend till the end of May disrupting supply chains longer.
U.S. stocks extended losses for the second day in a row in a volatile session. Market averages quickly declined after two failed attempts to climb from the fall of 2% in the positive territory.
Live Nation Entertainment revenues soared as live concert industry rebounds. DoorDash continued its pandemic fueled growth. DraftKings lifted revenue outlook on growth in paying members. Zillow Group struggled with home flipping business.
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U.S. stock indexes opened lower and quickly fell more in the early trading. The labor department reported April unemployment rate was 3.6% and payrolls expanded 428,000. Asian markets fell after top Chinese leaders doubled down on zero-Covid policy indicating longer supply chain disruptions.