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Movers: Ambac, AMD, Credit Suisse, Levi's, Tilray

Oct 7, 2022
Scott Peters
Ambac agreed to settle a case with Bank of America linked to Countrywide Financial prior to its acquisition. AMD lowered its annual outlook. Credit Suisse plans to buyback senior debt.

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European Markets Trim Weekly Rise, Euro and Pound Trend Lower

Oct 7, 2022
Bridgette Randall
European markets confront slowing retail sales and industrial output in Germany and elevated home prices in the U.K. Major averages in Europe dropped on Friday but gained in the week.

S&P 500, Nasdaq Plunge 3% On Rate Path Worries After Jobs Report

Oct 7, 2022
Barry Adams
Major averages dropped more than 3% after September jobs report confirmed labor market strength, fueling rate hike fears. The U.S. dollar advanced and crude oil jumped 4%.

Bond Yields Inch Near 14-Year Peak Ahead of Jobs Report

Oct 6, 2022
Barry Adams
Treasury yields rose and 30-year bond yields inched near a 14-year peak ahead of September jobs report on Friday. The British pound weakened on deeper rating downgrade worries.

Stocks Waver Ahead of Friday's Jobs Report, Yields Rise

Oct 6, 2022
Barry Adams
Major averages traded sideways as market rally falters on Wall Street and investors await the monthly jobs report Friday. Crude oil lacked momentum despite a large production cut announced by the OPEC and allies.

Wall Street Rally Paused After Strong Reports On Economy

Oct 5, 2022
Barry Adams
Stocks on Wall Street rebounded from the lows of the day as investors digested a barrage of reports on the economy, labor market and international trade. Crude oil gained after OPEC+ agreed to cut larger-than-expected production.

Stock Rally Fades After Two-day Surge, Yields Spike Back Up

Oct 5, 2022
Barry Adams
Major averages on Wall Street declined after surging for two days in a row. Bond yields rose. UK Prime Minister Truss doubled down on tax and borrow policy, putting more pressure on the pound.



Major Averages Surge 3% as Global Markets Surge

Oct 4, 2022
Barry Adams
The S&P 500 and the Nasdaq soared more than 3% after investors stepped up and increased stock exposure. Markets in Europe jumped nearly 4% and commodities advanced.

Movers: Credit Suisse, Cruise Lines, Poshmark, Rivian, Tesla, Twitter

Oct 4, 2022
Barry Adams
In a broad rally, stocks in all industrial sectors gained. Energy sector jumped nearly 4% and resource, financial services and consumer discretionary sectors jumped more than 3%.

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Wall Street Rally Gathers Steam

Oct 4, 2022
Barry Adams
Stocks extended rally for the second day in a row after U.S. job openings fell more than expected in August. Crude oil extended one week rally to 15%.

Optimism On Wall Street Lifts S&P 500 and Nasdaq 2%

Oct 3, 2022
Barry Adams
Stocks rebounded and bond yields edged lower. Crude oil jumped as much as 5% and precious metals were in favor as investors searched for bargains.

Natuzzi Quarterly Sales and Loss Rise

Oct 3, 2022
Scott Peters
The Italian leather furniture maker reported sixth quarterly revenue gain in a row but struggled with long manufacturing lead times, Covid lockdowns in China and inflation pressures.

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U.S. Stocks Rebound, Oil Jumps 5%

Oct 3, 2022
Barry Adams
Stocks rebounded from the losses in the previous week, month and quarter. Crude oil jumped 5% on the hopes of a supply cut announcement at the next OPEC+ meeting on Wednesday.

Major Averages Suffer Weekly, Monthly and Quarterly Losses

Sep 30, 2022
Barry Adams
Stocks extended losses to the third quarter in a row after major averages fell on the last day of the week, the month, and the quarter. With inflation showing no signs of easing, rate hikes are likely to continue.



Movers: Blue Apron, Carnival Corp, Micron, Natuzzi, Nike, Rent-A-Center

Sep 30, 2022
Barry Adams
Carnival Corp struggled with business recovery and rising operating costs and large debt repayment loomed. Rent-A-Center lowered its quarterly outlook. Micron Technology guided 25% gross margin in the fiscal first quarter.

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