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With Easing Recession Worries and Earnings Optimism, Wall Street Extended Weekly Gains

Jan 13, 2023
Barry Adams
Wall Street stocks expanded weekly gains after recession worries eased and hopes of the Fed avoiding dipping the economy into a recession. World markets advanced and focus shifted to corporate earnings season.

China Property Stimulus Lifts Hopes, Japan Bond Yields at 6-year High

Jan 13, 2023
Arjun Pandit
The Chinese government is looking to provide large financial support and relief to 30 large struggling property developers. Japanese yen rose to a seven-month high after bond yields advanced. India's moderating inflation supported market advance.

Stocks On Pause After Mixed Earnings from Major Banks and Recession Worries

Jan 13, 2023
Barry Adams
Stocks lacked direction and trimmed weekly gains after large banks reported earnings. Wells Fargo and Citigroup increased loan loss provisions and Bank of America and JPMorgan Chase forecasted mild recession in the year.

World Stocks Extended Weekly Rally After U.S. Inflation Cooled

Jan 12, 2023
Barry Adams
Tech stocks extended rally for the fifth day in a row after cooling inflation supported the case for a smaller rate hike. Treasury yields inched lower after inflation decelerated for the sixth month in a row.

Inflation Moderated In December After Energy Prices Declined

Jan 12, 2023
Barry Adams
December inflation moderated for the sixth month in a row in the U.S. after energy prices fell sharply but housing inflation remained elevated and showed no signs of easing. European markets advanced. China's inflation accelerated.

Japan's Current Account Turned to Surplus, China's Inflation Accelerated

Jan 12, 2023
Arjun Pandit
China's inflation in December accelerated after food prices rebounded. Japan's current account turned to a surplus in November but the trade deficit remained elevated.

Investors Bid Up Stocks Ahead Of Inflation Report

Jan 11, 2023
Barry Adams
Tech-heavy Nasdaq closed higher for the fourth day in a row as investors anticipated moderating consumer prices in December inflation report on Thursday.



Cautious Optimism Lifts Stocks Higher On Wall Street

Jan 11, 2023
Barry Adams
U.S. stocks extended gains ahead of the release of inflation report and crude oil prices rose on the hopes of a recovery in global demand.

Volatile Indexes Closed Higher Ahead of Inflation Report

Jan 10, 2023
Barry Adams
Stocks traded in a tight range ahead of the release of the consumer price index report on Thursday and big bank earnings on Friday.

Bed Bath & Beyond Quarterly Loss Widens, Comparable Sales Drop 32%

Jan 10, 2023
Scott Peters
The struggling home goods retailer reported wider-than-estimated loss after net sales and comparable sales fall more-than-expected.

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Investors Await Bank Earnings, Powell Stresses Fighting Inflation May Require Unpopular Steps

Jan 10, 2023
Barry Adams
Investors await the inflation data on Thursday and the release of earnings from four major banks on Friday.

Merger Activities and Tech Rally Dominated Monday Trading, World Markets Soar

Jan 9, 2023
Barry Adams
Stocks attempted to rally for the second day in a row and tech stocks trimmed day's gains. Merger Monday also bolstered market sentiment after at least three deals worth $5 billion were announced.

Morning Rally Lifts U.S. Stocks

Jan 9, 2023
Barry Adams
U.S. stocks traded higher on the second day after December jobs report sparked a worldwide market rally supported by China optimism and receding inflation expectations.

Moderating Jobs Growth and Wage Gains Lifted Indexes 2%

Jan 6, 2023
Barry Adams
Benchmark indexes soared after the labor market expanded at a moderate pace in December raising hopes of peaking inflation and slowing down the pace of interest rate increases.



Decelerating Job Growth and Wage Gains Power Market Rally

Jan 6, 2023
Barry Adams
Job growth slowed and wage gains lagged inflation in December supporting the soft-landing scenario favored by investors.