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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.

Movers: Boeing, Check Point Software, Jacobs Engineering, PerkinElmer, Global Payments, Nio

Aug 1, 2022
Barry Adams
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 Lack Direction, Oil Drops 4%

Aug 1, 2022
Barry Adams
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.

3-day Rally Lifts S&P 500, Nasdaq to Best Monthly Gains in Two Years

Jul 29, 2022
Barry Adams
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.

S&P 500 and Nasdaq Set for Best Month In Two Years

Jul 29, 2022
Barry Adams
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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Stocks Extend Rally On Wall Street, Amazon Reports a Loss, Apple Net Falls 11%

Jul 28, 2022
Barry Adams
Benchmark indexes rallied for the second day in a row after investors looked beyond the latest GDP data. Intel posted a second quarter loss. Apple earnings fell 11% and the iPhone remains popular with customers. Amazon reported its second quarterly loss in a row.

U.S. Stocks Turn Lower as Economy Falters

Jul 28, 2022
Barry Adams
Stocks rebounded from earlier losses after the second quarter GDP declined but at a slower pace. The second quarterly decline raised the prospect of a recession despite the strength in labor market and stable consumer spending.  

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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.