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Rate Anxieties Drag Major Averages 1%, Building Permits Fall

Sep 20, 2022
Barry Adams
Benchmark indexes drop 1% ahead of the rate decision tomorrow. Housing starts rose but less volatile building permits fell.

Autozone Same Store Sales Rise 6.2%

Sep 19, 2022
Scott Peters
Autozone expands its store network and revenues and earnings rose at a steady pace in the quarter. Stockholders' deficit surged as the retailer bought back its own stock using borrowed sums.

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Stocks, Bond Yields and U.S. Dollar Advance

Sep 19, 2022
Barry Adams
Stocks closed higher and the yield on 10-year Treasury notes closed at a 11-year high. The U.S. dollar advanced ahead of the interest rate decision on Wednesday.

Movers: Autozone, Coinbase, Gamco, Homebuilders, Ralph Lauren, Theravance, Wix

Sep 19, 2022
Barry Adams
Autozone same store sales rise and repurchased $1 billion of its own stock. Ralph Lauren reiterated its fiscal year outlook. Airlines scale higher.

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Stocks In Holding Pattern Ahead of Rate Decisions This Week

Sep 19, 2022
Barry Adams
Stocks traded sideways ahead of the Fed's rate decision on Wednesday. This week, at least 12 other central banks are expected to revise rates and offer economic insights.

Global Markets Extend Weekly Losses On Recession and Inflation Worries

Sep 16, 2022
Barry Adams
Global markets extended weekly losses on the ongoing rate jitters and yet another sign of economic slowdown. Investors fear more earnings warnings to follow after the latest outlook revision from FedEx.

Movers: AstraZeneca, Extra Space Storage, FedEx, NCR, Uber

Sep 16, 2022
Barry Adams
FedEx earnings warning and revenue shortfall rattled markets around the world. NCR plans to split into two companies. Uber is investigating a cybersecurity hacking claim.



Global Markets Extend Losses After FedEx and World Bank Warnings

Sep 16, 2022
Barry Adams
Wall Street extended weekly losses to 5% after FedEx issued an earnings warning and the World Bank offered a dire global outlook. Two separate reports added to market anxieties ahead of the Fed meeting next week.

Final Hour Sparks Another Wave of Selling on Wall Street, Bond Yields Rise

Sep 15, 2022
Barry Adams
Tech stocks led the decliners with fewer bulls on Wall Street willing to step up ahead of the rate hike decision next week. Crude oil dropped 3% and the yield on 2-year Treasury notes jumped to a 15-year high.

U.S. Stocks Lack Direction Amid Conflicting Economic Data

Sep 15, 2022
Barry Adams
Stocks struggle to gather momentum as investors study conflicting economic data. Labor market conditions remain tight and consumer spending is holding up in the face of high inflation but bond yields are rising rapidly.

Stocks, Bonds, Oil Look Down

Sep 15, 2022
Barry Adams
Global markets trade lower on the rising economic uncertainties, deepening energy crisis in Europe, persistent lockdowns in China and rising rates in the U.S.

Slight Rebound in Stocks A Day After Sell-off, 2-year Yield at 15-year High

Sep 14, 2022
Barry Adams
Benchmark indexes closed higher after a choppy day of trading. 2-year Treasury yield inched up to a high not seen since 2007.

Movers: Home Builders, Railroads, Nucor, Starbucks, Twilio, United Airlines

Sep 14, 2022
Barry Adams
Homebuilders extended losses for the second cay after mortgage application volumed dropped by a third. Railroads declined ahead of a possible worker strike. Nucor lowered its earnings outlook.

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Stocks Wavered, Investors Rattled, Yields Spiked

Sep 14, 2022
Barry Adams
Stocks on Wall Street lacked direction a day after benchmark indexes dropped the most in more than two years.



S&P 500 Plunges 4%, Nasdaq Drops 5%

Sep 13, 2022
Barry Adams
Benchmark indexes plunged in a vicious sell-off after investors feared that the Federal Reserve may have to accelerate and enlarge the current rate hike regime.