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S&P 500 Rebound Led by Tech Stocks, Retail Sales Fall

Jun 15, 2022
Barry Adams
The S&P 500 and Nasdaq indexes rebounded after tech stocks led the gainers ahead of Fed comments this afternoon. Retail sales fell unexpectedly and home builders sentiment weakened.

S&P 500 Sinks Deeper in Bear Territory, Mortgage Rates Hit 6.3%

Jun 14, 2022
Barry Adams
U.S. and global markets extended losses ahead of the Fed's rate decision tomorrow. Investors are looking for drastic actions in taming roaring inflation that has stayed above the Fed's target rate for 17 months in a row.

European Markets Fall, Third Monthly Increase in German Inflation

Jun 14, 2022
Bridgette Randall
European markets turned lower after German inflation hovered near record levels for the third month in a row. Consumer price inflation hovered near record levels since German reunification and wholesale prices rose 23%.

Early Bounce Evaporates On Wall Street

Jun 14, 2022
Barry Adams
Early bounce in stocks evaporated on Wall Street ahead of the interest rate decision tomorrow. Cryptocurrency exchange operator Coinbase announced to cut staff by 18% and bitcoin dropped to $22, 000. Markets in Asia and Europe traded lower on inflation worries.

Cautious Trading in Asia On Elevated Energy Prices

Jun 14, 2022
Arjun Pandit
Asian markets were on the backfoot after global economic slowdown worries dominated market sentiment across the region. Nikkei plunged as much as 2.2% before trimming losses. Markets in China rebounded. India's wholesale inflation accelerated in May. The Australian market index dropped 3.6%.

Rate Fears On Wall Street Sank S&P 500 and Nasdaq 4%

Jun 13, 2022
Barry Adams
Market indexes plunged on the rising fears that the Fed may be out of options in taming inflation driven by elevated food, fuel, and home prices.

S&P 500 Sinks to Bear Territory, Nasdaq Extends Losses

Jun 13, 2022
Barry Adams
Market indexes plunged more than 2% for the third day in a row as investors face a busy week ahead with decisions from several central banks. The S&P 500 index fell back in bear territory on the U.S. rate hike worries on Wednesday.

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Asian Markets Plunge On Faster Rate Hike and Covid Worries

Jun 13, 2022
Arjun Pandit
Asian market plunged after the U.S. inflation accelerated and fueling worries of faster rate hikes. The yen dropped to a 23-year low on widening rate gap between Japan and the U.S. Indexes in China declined after Beijing reimposed stricter controls in several parts of the city.

U.S. and European Markets Extend Weekly Losses to 6%

Jun 10, 2022
Barry Adams
Selling intensified for the second day in a row after the inflation report highlighted deeper problems beyond food and energy prices. For the week, the Nasdaq dropped 7% and the S&P 500 fell 6%. European markets extended similar losses as white-hot inflation envelops the globe.

European Markets Drop 3% On Rising Global Inflation

Jun 10, 2022
Bridgette Randall
European markets plunged after the U.S. inflation report confirmed the global inflation surge. Inflation pressures are not likely to subside in the near future as central banks around the world are lagging in response and have limited options in taming the 4-decade high food and energy price surge.

S&P 500, Nasdaq Drop After Inflation Surges to New 4-Year High

Jun 10, 2022
Barry Adams
Traders resumed selling on Wall Street and the S&P 500 and the Nasdaq indexes extended weekly declines of near 6.0%. The latest reading on inflation showed deepening and broadening of inflation while policymakers run out of options and rates drop more in negative territory.

Ahead of Inflation Data S&P 500 Plunges 2.5%. Nasdaq Down 2.8%

Jun 9, 2022
Barry Adams
Stocks came under heavy selling pressure in the final hour of trading ahead of the release of key inflation data on Friday. The closely watched consumer price index report will provide fresh insights into the strength of inflationary pressures across the economy.

Signet Jewelers Sales Jump 9%, Records $190 Million Gender Bias Settlement Charges

Jun 9, 2022
Scott Peters
Signet Jewelers quarterly sales rose 9% but same stores sales in the U.S. dropped 0.9% on fewer transactions. The diamond jewelry retailer reaffirmed full-year sales and earnings per share outlook.

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Negative Sentiment Drives S&P 500 and Nasdaq Lower

Jun 9, 2022
Barry Adams
Stocks on Wall Street declined after the U.S. Treasury yields pushed higher and crude oil prices showed a positive bias. The European Central Bank said it plans to lift rates and lowered its economic growth outlook for the current and next two years.



Five Below Lowers Earnings and Sales Outlook

Jun 8, 2022
Scott Peters
Five Below said comparable sales declined and net income plunged as consumers turned more selective and restrained spending and wages and import costs rose.

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