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Rate Hike Worries Resurfaced After Fed Minutes, Nasdaq Dropped 1%

Aug 16, 2023
Boris Petrov
Market averages declined on Wall Street after rate hike worries resurfaced following the release of the Fed's latest minutes of the meeting.

Market Averages Dropped 1% After Fitch Signaled Possible Bank Downgrades

Aug 15, 2023
Barry Adams
Stocks accelerated declines in the final hour of trading after banks fell as much as 3% on the worries of a possible downgrade from another rating agency. World markets remained depressed after China reported several economic indicators suggesting uneven and weakening recovery.

Global Economic Worries Keep Popular Averages In Check On Wall Street

Aug 15, 2023
Barry Adams
Market averages turned lower on global economic growth worries. Sales at retail stores, online and restaurants rose for the fourth month in a row in July but sales at gasoline stations plunged from a year earlier.

U.S. Stocks Closed higher, China Property Woes Deepen and Argentina Devalues Peso

Aug 14, 2023
Barry Adams
Popular averages closed higher and tech stocks rebounded after a selloff in the last two weeks. Global markets were on the defensive after China property market woes worsened and the ruble, the yen and Argentine peso weakened.

Stocks Lack Direction With Earnings Releases In Final Phase and Ahead of Retail Sales Data

Aug 14, 2023
Barry Adams
Market averages were in a holding pattern and investors awaited retail sales data and about 300 companies are scheduled to release earnings including Target, Walmart and Cisco.

U.S. Major Averages Set to Fall Second Week In a Row

Aug 11, 2023
Barry Adams
Market averages eased on Friday and indexes are set to close down for the second week in a row after banks faced selling pressure, semiconductor stocks lost momentum and energy stocks rebounded.

U.S. Markets Struggled After Inflation Report Failed To Quell Rate Hike Worries

Aug 10, 2023
Barry Adams
Investors turned cautious in midday after the weakening inflation report failed to spark further gains on the worries that the Federal Reserve is more likely to continue its aggressive rate hike campaign.



Stock and Bond Markets Welcomed Weakening Inflation

Aug 10, 2023
Barry Adams
Stock and bond market reacted positively to the latest inflation report which showed a slight acceleration in overall inflation but core inflation edged lower in July.

S&P 500 and Nasdaq Drop 1% On Inflation Jitters, Natural Gas in Europe Soar 40%

Aug 9, 2023
Boris Petrov
Market averages dropped as much as 1% ahead of inflation reports and rising crude oil and natural gas prices stoked fears of a rebound in inflation.

S&P 500 and Nasdaq Attempt Another Rebound Ahead of Inflation Reports

Aug 9, 2023
Barry Adams
Market averages attempted a rebound and Treasury yields were stable ahead of inflation data Thursday. Commodities traded volatile after China reported deflation for the first time in more than two years.

Global Markets Closed Down After Bank Worries Resurfaced

Aug 8, 2023
Barry Adams
Market averages sold off for the second day in a row after regional bank worries resurfaced. Bond yields around the world eased after China's exports and imports declined in double digits in July.

S&P 500 and Nasdaq Dropped 1% As Banks Downgrade Drag Indexes

Aug 8, 2023
Barry Adams
Popular market averages declined more than one percent after more than two dozen banks were downgraded on the rising costs of deposits, weakening capital generation and unrealized losses in Treasury securities.

After a Week of Losses Stocks Look Higher, Crude Oil at 4-month High

Aug 7, 2023
Barry Adams
Stocks advanced on Wall Street and Treasury yields edged higher ahead of two key inflation reports this week. Crude oil traded at a 4-month high on tighter supplies.

U.S. Stocks Attempt a Rebound After a Week of Losses

Aug 7, 2023
Barry Adams
Stocks meandered and major averages lacked direction after a week of losses after Fitch rating downgrade of the U.S. debt. Campbell Soup agreed to acquire pasta sauce maker Sovos Brands for $2.3 billion.



Starbucks U.S. Comparable Sales Jumped 7%, China Sales Rebounded

Aug 6, 2023
Scott Peters
Starbucks reported rising sales and earnings after average ticket price and number of transactions rose in the U.S. China sales rebounded following the ending of Covid restrictions.

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