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S&P 500 and Nasdaq Rebound 2.5% After Volatile Week

Jun 21, 2022
Barry Adams
The S&P 500 and the Nasdaq Composite indexes soared 2.5% after a week of volatile trading. Existing home sales declined in May and a median home price crossed $400,000 for the first time. Mondelez agreed to acquire Clif Bar & Co for $2.9 billion.

Movers: Clif Bar, Kellogg, Lennar, Mondelez, Spirit Air, Tesla, Valneva

Jun 21, 2022
Barry Adams
Kellogg announced its plan to split its international and plant food businesses. Mondelez agreed to acquire Clif Bar & Co for $2.9 billion. JetBlue lifted its offer for Spirit Air. Lennar reported higher than expected sales and earnings.

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S&P 500 Jumps 2.6%, Record Existing Home Price In May

Jun 21, 2022
Barry Adams
Stocks rebounded after the S&P 500 suffered its worst week in two years. The Nasdaq jumped 3% and the S&P 500 index gained 2.6%. Existing home sales in May declined and the median home price soared to a record high above $400,000.

European Indexes Extend 2-Day Rally

Jun 21, 2022
Bridgette Randall
European markets extend 2-day rally and advance 2% with cyclicals and beaten down tech stocks leading the gainers. Ocado completed a stock offering of £575 million. Nordex dropped after quarterly loss widened. EasyJet exercised to acquire more Airbus planes.

European Markets Advance In Cautious Trading

Jun 20, 2022
Bridgette Randall
European market indexes traded higher after a week of selloff. ECB President Lagarde reaffirmed the central bank's commitment in fighting inflation and widening rate spreads in the region.

S&P 500 Logs Worst Weekly Loss Since March 2020, Oil Drops 6%

Jun 17, 2022
Barry Adams
The S&P 500 declined 5.8% in the week, the largest fall since March 2020 as recession worries resurfaced. European markets dropped 3%. Crude oil plunged 6% after the U.S. dollar rose and Russia said sanctions are not hurting oil sales.

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Stocks Rebound Lacking Direction On Wall Street

Jun 17, 2022
Barry Adams
Stocks staged a mild rebound but lacked direction as techs led the gainers. Industrial production and capacity utilization rose in May. The Bank of Japan left its key rate near zero, the lone central bank to maintain ultra-low rate policy.



European Indexes Close Down 3%, May Inflation at Record High 8.1%

Jun 17, 2022
Bridgette Randall
Market indexes in Europe gained but closed down 3% after a week of volatile trading. Consumer prices rose 8.1% in the euro zone in May and natural prices remained elevated after Russia slashed deliveries.

S&P 500 Down 3% and Nasdaq Drops 4% On Fed Worries

Jun 16, 2022
Barry Adams
Stocks sank deeper in the week after techs led the losers and American Express, Intel, Home Depot, and JPMorgan dropped to their 52-week lows. European natural gas prices soared after Russia slashed gas supplies through the Nord Stream 1 pipeline for the second time this week.

Jabil Net Rises 29% On Stable Gross Margins

Jun 16, 2022
Scott Peters
Jabil Inc said fiscal third quarter revenues increased 15% and net income rose 29% on solid demand for services and offered a positive outlook for the current quarter.

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U.S., Global Markets Accelerate Declines After U.S., U.K. Brazil, Switzerland Lift Rates

Jun 16, 2022
Barry Adams
World markets dropped after the U.S. rate hike sparked a wave of rate increases around the globe. Central bankers around the world are playing a catch up to roaring inflation driven by higher energy and food prices.

European Markets Plunge 2%, ASOS, Boohoo Dop On Falling Sales

Jun 16, 2022
Bridgette Randall
European markets plunged 2% after the U.S. rate hike sparked fears of worldwide slowdown. European auto sales declined for the tenth month in a row. ASOS plunged 29% on rising returns and falling sales.

Asian Markets Point Higher, U.S. Historic Rate Hike Pressures Yen

Jun 15, 2022
Arjun Pandit
Asian markets point higher opening tracking the gains on Wall Street and Europe. The largest U.S. rate hike since 1994 is going to put more pressure on Japanese government bonds and lower the yen to a new 24-year low.

Stocks Rally After Fed Takes Aggressive Stance, 75 Basis Points Rate Hike

Jun 15, 2022
Barry Adams
Stocks on Wall Street rallied after the Federal Reserve took aggressive steps in taming inflation, delivered a hawkish tone for future rate increases, and offered optimistic assessment of the current economic conditions.



European Markets Advance After ECB Emergency Meeting to Fight Widening Bond Yields

Jun 15, 2022
Bridgette Randall
European markets advanced after the European Central Bank in an unscheduled meeting announced a plan to tame diverging bond yields. Euro zone industrial production rebounded in April.