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Stocks Meandered After Nonfarm Payrolls Report

Jul 7, 2023
Barry Adams
Stocks turned volatile after the release of the non-farm payrolls report for the month of June. Treasury yields advanced and mortgage rates traded at a two-decade high.

ADP Report Unnerved Markets, Stocks Fall, Yields and Mortgage Rates Rise

Jul 6, 2023
Barry Adams
The yield on 10-year Treasury bonds crossed 4% for the first time since March and mortgage rates rose above 7%, the level last seen in November. Interest rate sensitive sectors including steelmakers, homebuilders and regional banks dropped.

Market Indexes Declined 1.4% After Strong Jobs Report Stoked Rate Hike Fears

Jul 6, 2023
Barry Adams
Market averages turned lower after a hotter-than-expected payrolls report stoked fears of rate hikes at the next policy meeting. Private sector payrolls surged after the travel and hospitality industry continued adding staff at brisk pace.

U.S. Stocks Slide and Treasury Yields Jump After Fed Sees More Rate Hikes

Jul 5, 2023
Barry Adams
Major averages remained under pressure after almost all policy members supported higher rates and more restrictive policy may be needed in bringing down inflation to the central bank's goal of 2%.

Major Averages Face Headwinds On Lingering Rate Path Worries

Jul 5, 2023
Barry Adams
Manor averages on Wall Street struggled after services growth decelerated in China, UK and the Euro Area. Tech stocks rested with a downward bias after six weeks of advance.

Major Averages Inch Higher On Wall Street, EV Makers Surge Ahead

Jul 3, 2023
Barry Adams
Stocks advanced on the start of the second half. Crude oil prices declined on demand worries. Electric vehicle makers were in focus after Tesla, Rivian and BYD reported production data.

Stable U.S. Market Averages After Stellar First Half

Jul 3, 2023
Barry Adams
Major averages were nearly unchanged on the first trading of the second half after indexes reported a surprise rally in the first half. Tesla jumped following record quarterly sales and deliveries.



Benign Inflation Measure Powered Another Day Of Market Rally

Jun 30, 2023
Barry Adams
Stocks advanced on the final day of the week after the preferred measure of inflation slowed in May. Tech-heavy Nasdaq Composite index is set to deliver its best performance in the first half in four decades.

Bullish Undertone Drives Market Averages Higher in U.S. and Europe

Jun 29, 2023
Barry Adams
The latest GDP revision added to a string of positive economic data this week after durable goods orders expanded and new homes sales advanced. Tech-heavy Nasdaq Composite index is set to report its best first half return since its inception in 1971.

Major Averages In Holding Pattern After Q1 GDP Revised Higher and Annual Bank Stress Test Results

Jun 29, 2023
Barry Adams
U.S. economic growth in the first quarter was sharply revised higher in the third estimate after consumer and public spending rose more than previously estimated. Stocks traded near the flatline and tech stocks and banks were in focus. Top 23 banks passed the annual stress test conducted by the Federal Reserve.

Market Rally Paused After Central Bankers Supported Additional Rate Hikes

Jun 28, 2023
Barry Adams
Central bankers in the U.S., UK and Europe said more rate hikes are needed to cool down inflation because tight labor market conditions are keeping core inflation elevated.

U.S. Stocks Traded Down, International Deficit Shrank, Powell Talks Tough On Inflation

Jun 28, 2023
Barry Adams
Stocks struggled following a broad market rally as the first-half comes to close. The Nasdaq Composite is set to close record high in the first-half in four decades. Fed Chairman Powell supported rate hikes at next meetings and cautioned about economic downturn.

Tech Stocks In Favor Again After Two Economic Reports Lift Sentiment

Jun 27, 2023
Barry Adams
Stocks powered ahead after durable goods orders and new home sales were ahead of expectations. Leading tech stocks charged the market advance and extended this year's gains as the first-half nears the end.

Stocks Turn Higher After New Home Sales and Durable Goods Orders Rise

Jun 27, 2023
Barry Adams
Stocks powered ahead and overcame rate hike worries after new home sales jumped at the fastest pace since February last year and durable goods orders advanced in May.



U.S. Market Averages Struggle, Home Builders Extend Yearly Gains, Global Indexes Slide

Jun 26, 2023
Barry Adams
Major averages lacked direction in the final week of the second quarter. Home builders extended this year's gains on the hopes of sustained demand for new homes amid stable mortgage rates.