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U.S. Indexes Fall In Volatile Trading Tracking Lower Oil

Jul 6, 2022
Bridgette Randall
U.S. stocks traded lower in volatile trading following the declines in the energy market. The labor market remained tight in May and new job postings declined but remained elevated.

European Markets Rebound After Norway Energy Workers Return to Work for Now

Jul 6, 2022
Bridgette Randall
European markets rebounded more than 1% after Norway forced a mandatory arbitration between Equinor and striking oil and gas workers.

Tech Stocks Rally Lifts Nasdaq and Erases 2% Loss In S&P 500

Jul 5, 2022
Barry Adams
The decline in the U.S. bond yield powered the tech rally. Crude oil plunged 8% but natural gas braced for volatile trading on Norway supply worries. The British pound sank after two senior ministers quit and the euro fell to a two-decade low on recession fears.

U.S. Stocks Drop On Profit Growth Worries

Jul 5, 2022
Barry Adams
Crude oil plunged 8% below $100 a barrel for the first time in six weeks as recession worries dragged market indexes across the Atlantic by 2%. U.S. Treasury yields inch lower.

Euro Inches Two-Decade Low On Recession Fears, European Markets Drop 2%

Jul 5, 2022
Bridgette Randall
European markets declined more than 2% and the euro dropped 1to its lowest level in two decades on the growing recession fears and the war in Ukraine showing no signs of ending.

European Markets React to Fall in German Exports and Elevated Producer Prices

Jul 4, 2022
Bridgette Randall
European markets closed mixed after Germany's exports declined unexpectedly in May and trade with the Russian Federation continued to shrink. Turkey's inflation in June surged to a 24-year high after energy prices soared.

Asian Markets Closed Mixed After China Reimposed Mass Testing

Jul 4, 2022
Arjun Pandit
The Asian markets closed mixed after authorities in China reimposed mass testing in several cities in eastern region. Japan endured sweltering heat after temperatures rose to a record high in decades. The Korean market indexes closed to a new 20-month low.



Late Rally In S&P 500 Trims Weekly Loss, Bond Yields Fall

Jul 1, 2022
Barry Adams
U.S. stocks started the second-half on a higher note, bond yields fell and energy prices rose. Economies around the world signaled slowdown on rising input costs. Inflation in Europe accelerated after energy prices surged 42%.

Movers: General Motors, Kohl's, Micron Technology, PulteGroup

Jul 1, 2022
Barry Adams
General Motors lowered its earnings outlook for the second quarter. Micron Technology dropped after releasing its fourth quarter outlook. Kohl's terminated business sales talk and deepened quarterly sales decline.

U.S. Stocks Trade Sideways On Slowdown Worries

Jul 1, 2022
Barry Adams
U.S. stocks struggled to move higher on the first day of the month and reacted to corporate news. U.S. manufacturing activities declined in June but activities stalled in Europe and Asia as supply chain constraints and elevated input costs dominated.

European Markets Falter After Euro Zone Inflation Accelerates

Jul 1, 2022
Bridgette Randall
European markets were on the defensive after the eurozone inflation accelerated on a 42% jump in energy prices in June from a year ago. Italy joined France, Germany and Spain in reporting elevated inflation this week.

Asian Markets Fall On Stalled Manufacturing, Japan's Jobless Rate Rises

Jul 1, 2022
Arjun Pandit
Asian market indexes traded lower after Japan's business confidence declined and jobless rate rose. China's manufacturing activities expanded and home sales rebound according to private surveys.

General Motors Lowers Earnings Outlook On Parts Shortages

Jul 1, 2022
Scott Peters
General Motors lowered June quarter earnings outlook and said shipment of 95,000 vehicles will be delayed on chips and parts shortages.

GM

Micron Technology's Quarterly Sales Rise 16%, Guidance Disappoints

Jul 1, 2022
Scott Peters
Micron Technology said fiscal third quarter sales rose 16% and net income rose despite supply chain disruptions. The company guided weaker-than-expected fourth quarter sales growth and earnings.

MU


U.S. Stock Market's Worst First-Half Returns In Decades May Not Be Over

Jun 30, 2022
Barry Adams
U.S. indexes fell the most in the first-half in five decades with consumers' health in question and the economy facing steeper path of rate hikes and inflation level uncertainties.