Major averages dropped more than 2% after Republican lawmakers anticipated broader sweep of the Senate and the House failed short of expectations. Crude oil dropped 3% and Treasury yields edged lower.
Disney forecasted streaming services to become profitable in the current fiscal year after losses surged. D R Horton new home backlog and orders rose despite rising cancellation rates.
Republicans expected the Red wave to sweep midterm elections but voters disagreed. Stocks dropped. Energy prices extended losses for the third day. Meta Platforms began mass layoffs.
Major averages extend gains for the third day in a row ahead of midterm election results. Crude oil eased 3% and natural gas plunged 10% on China demand worries. Bond yields remained elevated.
Take Two Interactive plunged on weaker outlook for the next quarter and revised higher fiscal year loss. Norwegian Cruise estimated rising travel demand. Tesla announced a voluntary recall. Tripadvisor fell on guidance.
Apple said China's Covid-19 restrictions have impacted iPhone production. Palantir dropped on an earnings miss. Berkshire Hathaway operating earnings rose. Carvana extended recent declines.
After a week of twists and turns, benchmark indexes trimmed week's losses and Treasury bond yields inched closer to 5.0%. Elevated energy prices, rapidly rising rates and looming recession worries are overshadowing global market sentiment.
Stocks advanced after non-farm payrolls rose more-than-expected highlighting labor market strength but jobless rate rose from the 29-month low as more people initiated job search.
Stocks declined for the fourth day in a row and treasury bond yields inched closer to a 15-year high as central banks in the U.S., U.K. and Norway lifted rates.
Global bond market sell-off accelerated after the Federal Reserve quashed hopes of rate-pause in the near future. Tech stocks led the decliners on Wall Street.
The Federal Reserve lifted its key lending rate range by 75 basis points and suggested a language that may signal a policy shift to slower future rate hikes.
