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U.S. Indexes Advance 1% After Volatile Session

Jun 7, 2022
Barry Adams
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.

Stocks Waver After Target Cites Inventory Challenges

Jun 7, 2022
Barry Adams
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.

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U.S. Stocks Climb, Bond Yields Stay Above 3%

Jun 6, 2022
Barry Adams
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 Indexes Finish Higher In Active Trading

Jun 6, 2022
Barry Adams
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.

U.S. Stocks Advance On China Optimism, JetBlue Sweetens Spirit Bid

Jun 6, 2022
Barry Adams
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.

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Weekly Losses in U.S. Indexes as Rapid Jobs Recovery Begins to Cool

Jun 3, 2022
Barry Adams
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.

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Tech Stocks Drop 2% After Strong Jobs Report

Jun 3, 2022
Barry Adams
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.

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Tech Rally Lifts Nasdaq 2%, S&P 500 Adds 1.4%

Jun 2, 2022
Barry Adams
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 Trend Lower On Microsoft Warning and OPEC Output Decision

Jun 2, 2022
Barry Adams
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.

Sentiment Sours On Economic Worries, Rising Mortgage Rates, and Elevated Energy Prices

Jun 1, 2022
Barry Adams
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.

Stocks Drop After JOBS Report and Dimon Hurricane Comments

Jun 1, 2022
Barry Adams
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.

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U.S. Indexes Extend May Losses

May 31, 2022
Barry Adams
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.

U.S. Stocks Turn Lower After Oil Jumps 3%

May 31, 2022
Barry Adams
U.S. stocks turned lower after a week of advance and another leg up in energy prices dampened the sentiment. Eurozone record inflation advanced for the seventh month in a row and the EU leaders placed a ban on energy products imports from Russia.

Perception of Cooling Inflation Powered 2% Stock Rally

May 27, 2022
Barry Adams
Investors after weeks of rising inflation and bond yields hit the buy button after the latest measure of inflation showed signs of cooling. The personal consumption expenditure, controversial but Fed's preferred measure, showed a mild decline over a year in April.

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U.S. Indexes Advance After April Household Spending Increased

May 27, 2022
Barry Adams
Stocks on Wall Street advanced after the release of personal income and consumption data. Retailers were in focus after American Eagle Outfitters, Big Lots, and Hibbett results disappointed investors. Costco same stores sales showed consumer strength.