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U.S. Averages Gain as Traders Review Big Tech Earnings and Jobs Report

Aug 4, 2023
Barry Adams
Market averages traded higher in early trading after the U.S. added below average jobs in July and wage gains were muted. The yields on short-term and long-term treasury bonds inched higher to the levels not seen since November.

Airbnb New Active Listings Accelerated, Frist GAPP Quarterly Profit

Aug 4, 2023
Scott Peters
Airbnb reported growth in all regions for nights and experiences bookings in the second quarter as cross border travel rebounded. Free cash flow soared more than six-fold from pre-Covid levels.

ABNB

European Markets Trimmed Weekly Losses, Retail Sales Fell 8th Consecutive Month

Aug 4, 2023
Bridgette Randall
European markets lacked direction and trimmed weekly losses of 2% after the Euro Area retail sales declined for the eighth month in a row and German factory orders unexpectedly rose in June.

Market Averages Declined Second Day After U.S. Treasury Yields Jumped to 9-month Highs

Aug 3, 2023
Barry Adams
Stock market averages faced headwinds after bond yields jumped to a 9-month high and market rally appears to be running out of steam. Higher yields dragged down home builders and real estate sector stocks.

U.S. Stocks Face More Headwinds, Treasury Yields Soar to 9-month Highs

Aug 3, 2023
Barry Adams
Stock market indexes traded lower and Treasury yields shot up to the levels last seen in November.. Crude oil was in focus after Saudi Arabia extended its production cut till the end of September.

Global Markets Dropped 2% After U.S. Debt Downgrade

Aug 2, 2023
Barry Adams
Worldwide markets declined after the U.S. credit rating was downgraded on the worries of weakening governance, rising debt levels and the expected fiscal deterioration over the next three years. 10-year U.S. Treasury bonds traded at a 9-month high.

Economists Pan U.S. Debt Rating Downgrade, Robust Private Sector Job Gains Cool

Aug 2, 2023
Barry Adams
Market averages traded down, crude oil hovered near 3-month and Treasury yields spiked after the private sector payrolls expanded at a faster-than-expected pace in July.



Fitch Downgrades U.S. Debt Rating Citing Deteriorating Governance

Aug 2, 2023
Brian Turner
Fitch Ratings, one of the three leading rating agencies, cut its long term debt rating to AA- from AAA, a step below its top level citing rising debt load, erosion of governance and the expected fiscal deterioration over the next three years.

With Focus On Earnings, Investors Turn Cautious, Gradual Cooling In Job Market

Aug 1, 2023
Barry Adams
Major averages on Wall Street turned lower as investors digested a flood of earnings. The latest report on job openings showed a gradual easing of tight labor market conditions.

Market Indexes On Wall Street Turn Lower and Investors Review Another Batch of Earnings

Aug 1, 2023
Barry Adams
Market averages turned lower as investors looked for insights into the economy and the impact of higher rates on companies and customer behavior. About 1,300 companies are scheduled to release earnings this week.

Euro Area Unemployment Stable, Weaker Manufacturing Activities In UK and Eurozone

Aug 1, 2023
Bridgette Randall
European markets struggled after investors debated the future interest rate path and depth of the economic slowdown. Unemployment was stable in the Euro Area in June and manufacturing activities remained weak the in currency union and in the U.K.

S&P 500, Nasdaq Jumped 3% and Crude Oil Advanced 15% In July

Jul 31, 2023
Barry Adams
Stocks struggled near recent highs but major averages closed higher for the fifth month in a row and investors looked ahead to a busy week of earnings. Crude oil registered its best monthly gain in more than a year.

S&P 500 and Nasdaq Set to Extend 5-month Rally In July

Jul 31, 2023
Barry Adams
The S&P 500 and the Nasdaq Composite indexes are set to close higher for the fifth month in a row amid optimism that the Fed may be likely to avoid a recession while inflation cools to 2%.

Tamer Inflation Supports 1% Rise In S&P 500 and Nasdaq

Jul 28, 2023
Barry Adams
Stocks rebounded and extended weekly gains after the Fed's preferred measure of inflation cooled to a two-year low in June.



U.S. Stocks Turned Lower After Aggressive Rate Hike Worries Resurfaced Following GDP Report

Jul 27, 2023
Barry Adams
Investors turned cautious and market averages fell after aggressive rate hike worries resurfaced following stronger-than-expected second quarter economic growth.