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Indexes Wavered After Economic Reports Kept Inflation and Earnings Worries In Focus

Dec 23, 2022
Barry Adams
Stocks lacked direction after durable goods orders fell and core inflation index rose at a faster-than-expected pace in November. Major averages are set to close down for the third week in a row.

Transportation Impacted Durable Goods Orders and Shipments In November

Dec 23, 2022
Brian Turner
New durable goods orders declined in November after rising for three months in a row and shipments rose for eighteen of the last nineteen months.

November New Home Sales Rose 5.8%

Dec 23, 2022
Brian Turner
New home sales rose at a faster pace in November on the strength in the West and the Midwest.

Resurgent Infections In China and Inflation In Japan Drag Asian Markets Down

Dec 23, 2022
Arjun Pandit
Asian markets extended losses after coronavirus infections in China kept social mobility in check and raised the fears of prolonging the supply chain disruptions. Stocks in Tokyo declined on resurgence of inflation.

December Selloff Resumes, World Markets On Edge

Dec 22, 2022
Barry Adams
Stock averages plunged on growing fears that the Fed will continue its aggressive rate increase plan. Oil edged lower and bond yields rose.

Movers: AMC Entertainment, CarMax, Micron Technology, Tesla, Under Armour

Dec 22, 2022
Scott Peters
Micron announces its plan to cut costs after a sharp demand downturn in recent weeks. Under Armour appoints a new chief executive after seven months of search. CarMax sales plunge after years of price hikes.

AMC MU TSLA KMX UA

Major Averages Dropped 2% After Upward Economic Growth Revision

Dec 22, 2022
Barry Adams
Stocks turned lower on the worries that rapid rate hikes may continue after the third quarter economic growth was revised higher.



U.S. Indexes Advanced Second Day, Crude Oil Extended Recent Gains

Dec 21, 2022
Barry Adams
Investors set aside the fears of earnings revisions and looming economic slowdown and added exposure to retail, energy and home builder stocks.

Earnings Optimism Lifts Major Averages On Wall Street

Dec 21, 2022
Barry Adams
Stocks advanced on Wall Street on the hopes that a feared earnings shortfall may be avoided after FedEx and Nike exceeded lowered expectations.

U.S. Stocks Snap 4-day Losing Streak, European Markets Wavered

Dec 20, 2022
Barry Adams
Benchmark indexes closed higher and bond yields rose as investors await inflation and durable goods data on Friday. Natural gas prices across the Atlantic turned volatile on falling demand and rising inventories.

Steelcase Estimated Flat Revenues In Q4 Despite Price Hikes

Dec 20, 2022
Scott Peters
The steel furniture maker said fiscal third quarter revenue and earnings were near the bottom-end of its estimated range and said new order flow began to weaken in the fourth quarter.

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U.S. Stocks Meander and Bond Yields Rise

Dec 20, 2022
Barry Adams
Bond yields spiked around the world after the Bank of Japan after six years initiated the ending of the loose monetary policy. Investors are also bracing for downward revision of earnings in the upcoming year.

Rate and Earnings Worries Drag U.S. Indexes Lower, European Markets Rebound

Dec 19, 2022
Barry Adams
Investors sold stocks on the growing fears of earnings revision and economic slowdown worries. European markets staged a tentative rebound and Asian markets fell after the trade deficit in Japan soared and Covid cases spiked in China.

U.S. Stocks Lack Direction, Busy Week of Economic and Earnings Releases

Dec 19, 2022
Barry Adams
Major averages traded lower and energy prices rose on the first day of a busy week of economic data release including inflation, home sales and personal income and spending.



Global Markets Fall Again On Growing Recession Worries

Dec 16, 2022
Barry Adams
Weakening economic data and continual hawkish aggressive stance from central banks put investors on the backfoot. With fading hopes for soft landing, investors recalibrate earnings expectations.