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U.S. Stocks Fall Ahead of Earnings With Strong Dollar Adding to a List of Worries

Jul 11, 2022
Barry Adams
The S&P 500 index closed down 1% and the Nasdaq fell 2% as focus shifts to earnings ahead. Dollar strength adds to a growing list of worries as investors look for clues of the future path of earnings.

Asian Markets Drop, LDP In Japan Won Super Majority to Revise Constitution

Jul 11, 2022
Arjun Pandit
Asian Markets closed down but the indexes in Japan gained more than 1% after the Bank of Japan revised higher its economic assessment for seven of the nine country's regions. The ruling Liberal Democratic Party won enough seats to revise its pacifist constitution.

S&P 500 Drops 1%, Nasdaq Down 2% On Inflation and Earnings Jitters

Jul 11, 2022
Barry Adams
Stocks traded lower on Monday ahead of earnings from banks later in the week and inflation report on Wednesday. European markets dropped on the worries of natural gas supply in two weeks.

Musk Backs Out of Twitter Bid Over Fake Accounts

Jul 9, 2022
Scott Peters
From the beginning, Elon Musk's $44 billion bid was questioned by financial community despite participation from 18 other prominent investors. The social media platform has seen a string of departures and management turmoil since Musk's involvement.

U.S. Stocks On Hold After Big Payroll Gains

Jul 8, 2022
Barry Adams
The latest job report highlighted the strength in the labor market despite signals of economic growth waning. The killing of Japan's former prime minister Shinzo Abe sent shock waves around the world.

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Stocks On Wall Street Turn Lower After Strong Jobs Report

Jul 8, 2022
Barry Adams
U.S. non-farm payrolls rose sharply higher in June fueling the worries of a larger rate hike at the next Fed's meeting this month.

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European Movers: Holcim, JD Sports, TAG Immobilien

Jul 8, 2022
Bridgette Randall
TAG Immobilien initiated a shareholder rights plan and raise capital to finance the acquisition of ROBYG SA. Holcim agreed to acquire the leading ready concrete-mix maker in Romania.



European Markets Edge Higher In Cautious Trading

Jul 8, 2022
Bridgette Randall
European markets advanced in cautious trading after Italian production declined for the first time in four months. France's trade and current account deficit widened and Norway's trade surplus soared on a surge in energy exports.

Levi Strauss Quarterly Sales Rise 15% Despite Strong Dollar

Jul 7, 2022
Scott Peters
Levi Strauss said quarterly sales rose 15% and earnings dropped 23% on charges linked to closure of Russian operations. The strong dollar also impacted international sales growth.

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WD-40 Plunges 10% After Quarterly Revenues and Income Dropped

Jul 7, 2022
Scott Peters
WD-40 said third quarter revenues declined after strong dollar hurt international sales translation. The company also lowered its annual sales and earnings outlook.

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Kura Sushi Soars On Third Quarter Results

Jul 7, 2022
Scott Peters
Kura Sushi said third quarter sales more than doubled from a year ago and lifted annual sales outlook.

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U.S. Indexes Extend Gains On Oil and Tech Stocks Rally

Jul 7, 2022
Barry Adams
U.S. indexes extended rally to the fourth day and are set to close the week higher after energy stocks led the rebound. Natural gas prices rebounded 13%. The UK pound was in focus after Prime Minister Boris Johnson was forced out plunging the British economy in turmoil.

Four Day Rally In U.S. Stocks

Jul 7, 2022
Barry Adams
U.S. stocks extended gains for the fourth day in a row and weekly jobless claims rose. Trade deficit declined in May but increased 38% from a year ago.

U.S. Stocks Close Higher After Fed Minutes

Jul 6, 2022
Barry Adams
U.S. stocks closed higher after the release of Fed's minutes of meeting held in June. Policy members favored higher and faster rate increases fearing the anchoring of inflation at elevated levels and Fed's inflation-fighting credibility in question.



Movers: Amazon, Chord Energy, Microsoft, Norwegian Cruise, Paramount Resources, Rivian, RingCentral

Jul 6, 2022
Barry Adams
Oil complex dropped for the third day in a row after crude oil prices extended losses and traded below $100 for the second day in a row. RingCentral plunged 10%. Amazon may take a stake in Grubhub.

AMZN RIVN MSFT RNG