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On Wall Street Stocks Extend 8-week Rally

Aug 12, 2022
Barry Adams
The S&P 500 index is set to extend its winning streak to the fourth week in a row and gains for the eighth week from the lows in mid-June. Inflation peaking narrative is driving the two-month-long market rally.

Six Flags Park Attendance In Second Quarter Plunged 22%

Aug 11, 2022
Brian Turner
Six Flags said revenues in the second quarter declined 5% and net income dropped 36% on weak amusement park attendance.

SIX

Warby Parker Second Quarter Loss Expands, Revenues Rose 14%

Aug 11, 2022
Scott Peters
The online eyewear retailer reported second quarter revenues rose and loss expanded on higher costs. The retailer also lowered full-year 2022 revenue growth outlook.

WRBY

Bumble Quarterly Loss Shrank, Lowers 2022 Revenue Outlook

Aug 11, 2022
Scott Peters
The dating app operator lowered its full-year 2022 revenue outlook and net the second quarter estimate. Total paying users increased and average revenue per user also edged higher.

BMBL

Walt Disney Net Jumps 53%, Free Cash Flow Falls

Aug 11, 2022
Scott Peters
Walt Disney Said revenues in the fiscal third quarter rose 26% and net income soared 53% but free cash flow plunged on the rising capital expenditures.

DIS

Morning Gains Evaporate On Inflation Level Worries

Aug 11, 2022
Barry Adams
Benchmark indexes lacked energy after the early morning advance and drifted to lower levels in a volatile session. U.S. weekly jobless claims rose and producer prices eased on a monthly basis.

Movers: Bumble, Disney, Six Flags, Sonos, Vacasa, Warby Parker

Aug 11, 2022
Barry Adams
Bumble lowered its revenue outlook for the full-year. Warby Parker reported a larger loss and lowered its full-year revenue outlook. Walt Disney reported strong attendance at theme parks. Six Flags said guest arrivals dropped.

BMBL SONO SIX DIS WRBY


Investors Bid Up Stocks On Softer but Elevated Inflation Reports

Aug 11, 2022
Barry Adams
Benchmark indexes extended gains for the second day after the second report on inflation showed a slight decline in as many days after energy prices eased.

Asian Markets Close Higher After Inflation Worries Ease

Aug 11, 2022
Arjun Pandit
Benchmark indexes in Asia closed higher following the rise in the U.S. and Europe. Asian markets advanced on the hopes that the cooling of inflation in July in the U.S. may moderate future interest rate hikes.

Global Markets Advance as Inflation Eases In U.S., Germany, China

Aug 10, 2022
Barry Adams
Global markets advanced with the cooling of consumer prices in the U.S., Germany, and China. Tech powered rally led the S&P 500 and the Nasdaq Composite to three-month highs.

Movers: Coinbase, GoodRx, Nikola, Sweetgreen, Trade Desk, Tesla, Wendy's

Aug 10, 2022
Barry Adams
Coinbase said assets held and trade volume on the platform plunged. Sweetgreen said it plans to trim staff and operating expenses and take a charge in the next quarter. Tesla chief sells stake, Trade Desk soars on revenue optimism.

COIN SG GDRX TSLA

S&P 500 and Nasdaq Soar 2% as Inflation Cools

Aug 10, 2022
Barry Adams
Stocks on Wall Street surged after consumer inflation eased but stayed near four-decade high. The decline in gasoline prices in the month was wiped out by the rise in food and housing costs.

Inflation Hovered Near 4-decade High Despite Fall In Energy Prices

Aug 10, 2022
Brian Turner
Consumer prices remained high but the growth moderated after energy prices eased in July. Core index, which excludes food and energy prices, rose on a monthly and annual basis.

Norwegian Cruise Line Guides Slower Recovery In Bookings

Aug 9, 2022
Scott Peters
Norwegian Cruise said second quarter loss narrowed and cash flow improved in the later part of the quarter but bookings to the 2019 levels are not expected to rebound till the next year.

NCLH


U.S. and Europe Market Indexes Fall, Micron Tech Warning Weighs On Tech Stocks

Aug 9, 2022
Barry Adams
Stocks on Wall Street declined on mixed corporate results and semiconductor chipmakers are facing demand slowdown beyond consumer electronics.