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Narrow Stock Market Rally Paused On Monday

Jun 5, 2023
Barry Adams
The S&P 500 index turned lower from its 9-month high as rate path and inflation worries bubbled to the top ahead of the Fed's policy meeting next week.

Major Averages Rest After a Volatile Week, Crude Oil In Focus

Jun 5, 2023
Barry Adams
Market averages on Wall Street rested near flat-line after a volatile week and investors debated the rate path ahead of the Fed's policy meeting next meeting.

Lululemon Athletica Lifted Annual Outlook After Comparable Sales Surged 14%

Jun 2, 2023
Scott Peters
The athletic apparel retailer reiterated its commitment to expand into international markets, increase direct sales and offer a broader product selection for men.

LULU

Stocks Soared and Treasury Yields Edged Up After Payrolls and Labor Market Expanded

Jun 2, 2023
Barry Adams
Despite the talks of looming economic slowdown, hiring across the U.S. remained strong in May. Stocks extended weekly gains and Treasury yields advanced as focus shifted to Fed's next policy meeting.

Resilient Labor Market In May Drives Stocks Higher

Jun 2, 2023
Barry Adams
Stocks extended weekly gains after the latest labor market report showed May job gains closer to the monthly average over the 12 months and moderate wage gains. Crude oil traded volatile ahead of the OPEC+ meeting this weekend.

Momentum Lifts Averages Higher, Reports Confirm Tight Labor Market Conditions

Jun 1, 2023
Barry Adams
Stocks advanced after private payrolls continued to expand in May and jobless claims remained depressed, signaling tight labor market conditions. Treasury yields edged lower but crude oil rebounded.

Debt Bill Moves to Senate, Stocks Attempt Rebound On Wall Street

Jun 1, 2023
Barry Adams
Stocks rebounded on Wall Street as investors shifted focus from debt ceiling debate to rate path after the House approved the suspension of debt limit for the next two years.



U.S. House Vote Uncertainties Kept Indexes Lower, Nasdaq Jumped 6% In May

May 31, 2023
Barry Adams
Stocks accelerated decline in the final hour of trading as investors awaited the House vote results later this evening. Major averages trimmed gains on the final day of the month after tech stocks led the gainers.

Market Indexes Turned Volatile Ahead of House Vote, Oil Extended May Loss to 10%

May 31, 2023
Barry Adams
Benchmark indexes lacked direction in cautious trading as investors looked forward to debt ceiling debate in the full House of representatives today. Crude oil extended monthly losses on China demand worries.

Debt Deal Faces Tough Road Ahead Amid Rising GOP Criticism, Crude Oil Dropped 4%

May 30, 2023
Barry Adams
Stocks, bonds and commodities turned cautious as investors weighed the odds of the bill passing the Republican-led House and Democrat-controlled Senate. Crude oil fell 4% but short term Treasury yields edged lower.

Stocks Advanced On Wall Street as Debt Deal Moves to Congress

May 30, 2023
Barry Adams
Stocks on Wall Street traded higher as lawmakers are set to vote on the bipartisan debt deal between the White House and Republican leaders. Treasury yields edged slightly lower but crude drifted lower on China demand growth worries.

Economic Vitality and Potential Debt Deal Power U.S. Markets Advance

May 26, 2023
Barry Adams
Market averages scaled higher on Wall Street after the latest update on durable goods orders, personal income and spending and inflation confirmed the health of the economy. Apparent progress in the debt ceiling standoff also supported market optimism.

Stocks Extend Gains On Debt Deal Optimism, Inflation Stays Elevated

May 26, 2023
Barry Adams
U.S. markets averaged extended gains on the optimism surrounding debt ceiling talks. Treasury yields advanced and 30-year bonds traded at 4.0% after the Fed's preferred inflation measure accelerated in April.

Stocks Rally On Wall Street While Mood In Washington Sours

May 25, 2023
Barry Adams
U.S. debt ceiling talks took a harder tone after the Republican faction in the House expanded the demand list that requires sharp cuts in discretionary spending but preserves military spending. Tech stocks led the market advance after Nvidia lifted its revenue guidance.



White House and Republicans Struggle to Find Compromise and U.S. Debt Rating On Negative Watch List

May 25, 2023
Barry Adams
One of the three leading debt rating agencies belatedly placed the U.S. government debt rating on a watch list with negative implications. Two other leading agencies are still wavering, as the U.S. debt ceiling talks show lack of progress amid wide rift between the White House and the Republican leaders.