Benchmark indexes traded lower after Microsoft and Google cited weaknesses in ad revenues and cloud business. Mortgage rates jumped above 7%.

Stocks traded higher and energy prices eased on China-demand worries. Market sentiment was positive after GM, JetBlue, Coca-Cola and UPS reported better-than-expected quarterly results.

Stocks Power Ahead Awaiting Earnings

Oct 24, 2022
Barry Adams
Benchmark indexes extended gains for the second day in a row as investors await earnings from nearly 800 companies this week.

Major averages build on gains of the last week and bond yields stayed elevated on Monday. Energy prices eased and natural gas plunged to seven-month low.

Major averages extended weekly gains on the hopes that the Fed may moderate rate hikes and avoid a recession. Bond yields stayed near 14-year highs but energy prices softened.

Stocks on Wall Street advanced but yields stayed near 14-year highs as investors speculated future rate hikes may be slower than anticipated. The latest batch of mixed-earnings also sapped market sentiment.

Benchmark indexes closed down after persistent rate path and economic slowdown worries overshadowed corporate earnings. The rising U.S. dollar continue to wreak havoc around the world.



Benchmark indexes traded higher supported by a fresh batch of positive corporate earnings. Crude oil advanced but natural gas dropped to a three-month low.

Major averages lacked direction and bond yields advanced after another campaign of higher rates by the Fed officials. Tesla earnings doubled and IBM lifted annual sales outlook.

Winnebago plunged after the backlog plunged. United Air guided positive outlook. Netflix new accounts jumped. Generac lowered its annual sales outlook.

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Major averages struggled as investors weighed the impact of looming recession and rising bond yields on corporate earnings.

Stocks extended rally but trimmed morning gains. Goldman Sachs earnings were ahead of expectations. Microsoft confirms recent jobs as the company tackles slower growth.

Major averages soared more than 3% as investors searched for bargains in beaten down sectors. Natural gas dropped to a three-month low on the rising supply and falling demand due to Hurricane Ian.

Stocks trade higher after a wild week of trading and bond yields turn lower. With the start of the earnings season, investors hope corporate results beat the lowered expectations.



Major averages closed down for the week and extended this year's loss. Bond yields rose to new 14-year highs and crossed 4%, adding pressure to rates and currencies worldwide.