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Market Volatility Returns, Oil Drips to New Low, Freight Rates Plunge

Dec 7, 2022
Barry Adams
Volatility returns to stock trading and crude oil drops to a level not seen since a year ago. Bond yields dropped in the U.S., Europe and Asia as central banks around the world moderate or pause rate hikes.

Recession Fears Drag Stocks and Bonds and Oil Falls to 11-month Low

Dec 7, 2022
Barry Adams
Stocks were on the defensive on the worries that the U.S. economy may be too hot and the Federal Reserve may have to continue with its aggressive rate hike campaign.

German Factory Orders Drop, Russian Tankers Face Delays Through Turkey Straits

Dec 6, 2022
Bridgette Randall
European markets extended losses after rate anxieties and domestic demand worries resurfaced. Oil tankers carrying Russian crude face additional delays after Turkey imposed EU sanctions.

Signet Same Store Sales Drop 7.6%, Quarterly Sales Rise 2.9%

Dec 6, 2022
Scott Peters
Sales growth slowed at the retailer after two years of strong growth and net income declined after selling and general expenses rose in the quarter. The high-end jeweler retailer sounded optimistic about the upcoming holiday sales.

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Movers: AutoZone, BuzzFeed, GitLab, Herbalife, NRG Energy, Signet, Sumo Logic, Textron

Dec 6, 2022
Scott Peters
AutoZone earnings dropped on higher costs and inventories rose. BuzzFeed plans to cut 12% of its workforce Signet Jewelers revised its adjusted operating margin outlook.

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Resilient Economy and Tight Labor Market Worry Investors

Dec 6, 2022
Barry Adams
Major averages extended this week's losses and investors worried that the hotter-than-expected economic activities and tight labor market conditions may force the Federal Reserve to continue its aggressive rate hike campaign.

S&P 500, Nasdaq Down 1.8%; Natural Gas Plunged 10%

Dec 5, 2022
Barry Adams
Rate-path worries resurfaced after the release of stronger-than-expected data on new orders and inventories and service sector growth. Natural gas prices plunged 10% on the expectations of milder weather over the next two weeks.



Major Averages Drop On Rate-path Anxieties, New Orders Rise

Dec 5, 2022
Barry Adams
Unfilled orders increased for the 26th month in a row in October and new orders for goods increased in twelve of the last thirteen months. Service sector rebounded in November. China stocks jumped on the hopes of a pick up in business activities.

Major Global Averages Extend Weekly Gains and Bond Yields Ease

Dec 2, 2022
Barry Adams
What is good for the U.S. economy was not good for stocks on Wall Street. Despite the strength in the labor market, labor participation rate remains below the pre-pandemic level. The U.S. dollar fell for the second week.

Earnings: Asana, Marvell Technology, PagerDuty, UiPath

Dec 2, 2022
Scott Peters
Asana said quarterly loss widened from a year ago. UiPath said quarterly loss shrank on a surge in revenues. PagerDuty guided fourth quarter revenue to rise between 25% and 27%.

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Stocks Lacked Direction After Strong November Jobs Report

Dec 2, 2022
Barry Adams
Hotter-than-expected November job additions put stocks on the defensive. Energy prices and bod yields rose as well.

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Major Averages Trim Gains After Inflation Moderated and Weak Retailers Earnings

Dec 1, 2022
Barry Adams
Investors are looking ahead to non-farm payroll on Friday after a narrow measure of inflation moderated in October and retail gasoline prices wiped off the price increase in the last nine months.

Movers: Costco, Designer Brands, Dollar General, Five Below, PVH, Salesforce, Snowflake, Victoria's Secret

Dec 1, 2022
Scott Peters
Dollar General earnings fell on higher costs and unanticipated surge in temporary storage costs. PVH Corp advanced on sales outlook. Snowflake fourth quarter sales guidance disappointed. Five Below earnings lagged sales growth.

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Stocks Turn Lower and Alternative Inflation Measure Cooled

Dec 1, 2022
Barry Adams
Indexes pared back some of the large gains in the previous session. The Federal Reserve's preferred measure of inflation, which understates price increases, rose at the slowest pace this year in October



Powell Powers Rally On Wall Street, Techs Lead Gainers

Nov 30, 2022
Barry Adams
Investors reacted positively after Fed Chairman Powell said future rate hikes may be moderated but the terminal rate is likely to cross 4.6% and stay above longer than anticipated in September.