Mass layoffs and weak earnings outlook dragged stocks lower for the third day in a row after Microsoft's weak earnings outlook added to market anxieties.
Stocks in Tokyo traded higher and investors reacted to corporate earnings. Adani Group stocks closed down on allegations from a U.S.-based short seller.
Benchmark indexes on Wall Street lacked direction and investors reacted to corporate earnings. After the close Microsoft reported better-than-expected earnings.
Tech stocks rebounded for the second day after investors warm up to slower rate increase and await a flood earnings this week. Volatile energy prices closed unchanged and lumber prices rebounded from a 3-year low.
Stocks power ahead as earnings season gathers pace after banks released mixed earnings. A rebound in China business activities and the expectations of dovish Fed-stance supported the market advance.
Market indexes advanced and investors looked beyond the drumbeat of Fed officials and mixed economic signals. Existing home sales extended recent declines and leading tech companies accelerated layoffs reflecting new economic realities.
Central bankers across the Atlantic ramped up the campaign for higher rates despite the recent economic data. Investors turned cautious on the worries that higher rates for longer may keep economic growth in check or dip into a recession.
Rate path worries and Fed's tightening stance dominated market sentiment after weekly jobless claims stayed near record low despite the rising layoffs from leading tech companies.
Stocks lost steam after the wholesale inflation eased in November. Nervous market sentiment drove popular indexes lower on the worries that the volatile crude oil and gasoline prices may just accelerate inflation in the months to come.
Investors reacted to corporate earnings and market sentiment wavered after mixed signals from Europe and China. Crude oil prices advanced on the hopes of demand recovery but the price gains also fanned inflation worries.
Stocks lacked direction after the release of earnings from Goldman Sachs and Morgan Stanley. Crude oil prices advanced after OPEC estimated oil demand recovery in 2023.
Stocks advanced and bond yields struggled after market sentiment improved after China's reopening is expected to ease supply chain pressures and weaken inflation in the U.S. and Europe.
