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New Home Sales Unexpectedly Rise In October

Nov 23, 2022
Brian Turner
The home sales jumped in the South, lifting the data across the nation and median and average home prices continued to advance.

Stocks Advance Ahead of Fed Minutes, Durable Orders Up 1%

Nov 23, 2022
Barry Adams
Stocks inched higher and durable sales rose more than expected and new home sales unexpectedly rose in October but weekly jobless claims advanced.

Positive Sentiment Lifts U.S. and Europe Market Indexes

Nov 22, 2022
Barry Adams
Global markets advanced after a string of positive earnings from retailers market sentiment in the U.S. and a rebound in energy prices lifted indexes in Europe. Asian markets closed mixed but looked beyond the fresh wave of Covid infections in China.

European Indexes Rebound to 3-month High, Natural Gas In Focus

Nov 22, 2022
Bridgette Randall
European markets climbed on the back of the sustained rise in energy prices. Resource sector stocks led the gainers. Natural gas prices rose above 4% for the third day in a row.

Movers: Abercrombie & Fitch, Best Buy, Dell, Dick's Sporting. Dollar Tree, Medtronic, Zoom Video

Nov 22, 2022
Scott Peters
Abercrombie & Fitch expressed rising confidence in holiday sales. Dick's Sporting revised higher annual comparable store sales. Zoom Video trimmed annual outlook. Dell Technologies sales were ahead of expectations.

ANF DELL DLTR ZM BBY DKS MDT

Retailers Earnings Power Wall Street Rebound

Nov 22, 2022
Barry Adams
A brief bout of optimism on the back of earnings from retailers lifted major indexes higher. Crude oil and natural gas advanced.

Rate-path and China Worries Keep Global Markets On Edge

Nov 21, 2022
Barry Adams
Energy stocks led the decliners and investors awaited the Fed policy meeting minutes later in the week. Tesla recalled 321,000 vehicles. Cryptocurrency fallout spread deeper after FTX filed bankruptcy last week.



Stocks On Wall Street Look Down, More Cities Face Lockdowns In China

Nov 21, 2022
Barry Adams
Coronavirus infections in China surged across the nation and authorities scrambled to impose more stringent lockdowns in several large cities. Crude oil and commodities eased following China demand worries.

Central Banks Across Atlantic Fight High inflation and Low Credibility

Nov 18, 2022
Barry Adams
Central bank officials hawkish comments across the Atlantic highlight their overreliance on interest rate as the main tool in tackling high inflation.

Investors Look Beyond Fed Rhetoric, Home Sales Fall 9th Month In a Row

Nov 18, 2022
Barry Adams
Investors looked beyond the Federal Reserve's rhetoric and shifted focus to the central bank's actions. Crude oil declined for the second day in a row and extended the 2-day loss to more than 10%.

Bath & Body Works Sales Fall After Two Years of Rapid Growth

Nov 17, 2022
Scott Peters
Third quarter sales declined and net income plunged after two years of rapid growth. The cash flow turned negative as the company continued its capital expenditure and store renovation program intact.

BBWI

Rate Path Anxieties Drag S&P 500 Index Again, Oil Falls 4%

Nov 17, 2022
Barry Adams
The S&P 500 index declined for the second day in a row and Treasury yields edged higher after Fed officials stressed that the central bank is far from done raising rates.

Another Round Of Fed Comments Drag Indexes Lower, Yields Rebound

Nov 17, 2022
Barry Adams
Fed officials carried out another round of campaign to cool market expectations. Treasury yields inched higher and stocks fell. Crude oil fell more than 4% on China demand worries after coronavirus infections spiked up.

Target Net Plunged 50%, Weak Guidance for Holiday-Quarter

Nov 16, 2022
Scott Peters
Target lowered expectations for the holiday sales and said customers are avoiding discretionary items and sticking to basics. The company lowered its outlook for comparable store sales and operating margin.

TGT


Stocks Remained Depressed, Treasury Yields Drop On Slower Rate Hike Hopes

Nov 16, 2022
Barry Adams
Retail sector stocks led the decliners on the growing worries of weak holiday sales. Treasury yields fell after comments from Fed Governor Wallace. European markets halted 4-day advance.