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Global Markets Rally On Optimism

Sep 9, 2022
Barry Adams
Stocks rebounded after trading down for weeks and investors factor higher rates and slower economic growth as a new backdrop for the business environment.

U.S. Indexes Extend Weekly Gains, Crude Oil Rebounds

Sep 9, 2022
Barry Adams
Investors remain skeptical of the Fed's ability in bringing down sky-high inflation, despite forceful reminders from the Fed Chair Powell. The U.S. economy is likely to be saddled with low growth for a decade ahead.

Bond Yields In Focus After Powell's Speech, Stocks Look Beyond Fed's Next Move

Sep 8, 2022
Barry Adams
Stock markets are increasingly looking beyond the next rate move and crude oil prices edged from the recent 7-month low.

Dave Buster's Quarterly Net Income Drops On Higher Expenses

Sep 8, 2022
Scott Peters
The restaurant chain operator said quarterly income declined on higher payroll, store operating and other general expenses.

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American Eagle Outfitters Plans to Cut Staff and Expense After Quarterly Loss

Sep 8, 2022
Scott Peters
The apparel retailer guided lower gross margins in the next two quarters on higher than usual markdowns. The company plans to cut store payroll, corporate expenses and advertising.

AEO

Movers: American Eagle Outfitters, Asana, Dave & Buster's, GameStop, McCormick, Regeneron Pharma

Sep 8, 2022
Barry Adams
American Eagle Outfitters dropped on higher markdowns and weaker outlook. GameStop reported wider loss. McCormick lowered its annual outlook.

Fed's Hawkish Comments Fail to Dampen Market Advance

Sep 8, 2022
Barry Adams
Stocks turned lower after hawkish comments from the Fed Chair Powell. Investors are still skeptical despite the Fed's persistent reiteration of its commitment in fighting high inflation.



GitLab Revenues and Loss Surge

Sep 7, 2022
Scott Peters
GitLab said revenues rose in the July quarter but losses surged as well.

U.S. Stocks Advance Overcoming Rate Hike Worries, Oil Plunges 6%

Sep 7, 2022
Barry Adams
The Nasdaq Composite index halted a 7-day slide and tech stocks rebounded after crude oil plunged. Oil prices plunged 6% and extended 10-day slide to 16% from its recent peak on Aug 29.

Movers: Baxter, Coupa Software, Dexcom, Gitlab, Ross Stores, Twitter, Starbucks, United Airlines

Sep 7, 2022
Barry Adams
United bumped up its third quarter revenues outlook on higher summer travel demand. Twitter trial is set to proceed after a Delaware judge disallowed Musk's request to postpone.

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Stocks Brave Higher as Markets Anticipate Larger Rate Hikes

Sep 7, 2022
Barry Adams
Crude oil drops to a six-month low as central banks around the world are set to lift rates battling four-decade high inflation.

Yields Rise, Stocks Fall After Service Report, Stronger Dollar Another Hurdle for Global Markets

Sep 6, 2022
Barry Adams
Global financial markets struggle to adjust to the rising dollar, driving the Japanese yen, the U.K. pound and the euro to lows not seen in decades.

Movers: 1800Flowers, Apple, Bed Bath & Beyond, Datadog, Illumina, Lululemon, Okta, Signify

Sep 6, 2022
Barry Adams
Illumina plans to appeal the European regulator's decision to reject the GRAIL deal. Apple is scheduled to release a new iPhone tomorrow. Signify Health agreed to be acquired by CVS.

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Stocks Wavers, Bond Yields Rise, Crude Eases

Sep 6, 2022
Barry Adams
In volatile trading, benchmark indexes lacked direction, bond yields rose and energy prices eased.



S&P 500 Down Third Week In a Row, Nasdaq Falls 6th Day Straight

Sep 2, 2022
Barry Adams
Benchmark indexes extended losses for the third week in a row as investors shifted focus to the Fed's next move after the latest jobs report showed slower but solid job additions in August.