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Central Banks Across Atlantic Fight High inflation and Low Credibility

Nov 18, 2022
Barry Adams
Central bank officials hawkish comments across the Atlantic highlight their overreliance on interest rate as the main tool in tackling high inflation.

Investors Look Beyond Fed Rhetoric, Home Sales Fall 9th Month In a Row

Nov 18, 2022
Barry Adams
Investors looked beyond the Federal Reserve's rhetoric and shifted focus to the central bank's actions. Crude oil declined for the second day in a row and extended the 2-day loss to more than 10%.

Bath & Body Works Sales Fall After Two Years of Rapid Growth

Nov 17, 2022
Scott Peters
Third quarter sales declined and net income plunged after two years of rapid growth. The cash flow turned negative as the company continued its capital expenditure and store renovation program intact.

BBWI

Rate Path Anxieties Drag S&P 500 Index Again, Oil Falls 4%

Nov 17, 2022
Barry Adams
The S&P 500 index declined for the second day in a row and Treasury yields edged higher after Fed officials stressed that the central bank is far from done raising rates.

Another Round Of Fed Comments Drag Indexes Lower, Yields Rebound

Nov 17, 2022
Barry Adams
Fed officials carried out another round of campaign to cool market expectations. Treasury yields inched higher and stocks fell. Crude oil fell more than 4% on China demand worries after coronavirus infections spiked up.

Target Net Plunged 50%, Weak Guidance for Holiday-Quarter

Nov 16, 2022
Scott Peters
Target lowered expectations for the holiday sales and said customers are avoiding discretionary items and sticking to basics. The company lowered its outlook for comparable store sales and operating margin.

TGT

Stocks Remained Depressed, Treasury Yields Drop On Slower Rate Hike Hopes

Nov 16, 2022
Barry Adams
Retail sector stocks led the decliners on the growing worries of weak holiday sales. Treasury yields fell after comments from Fed Governor Wallace. European markets halted 4-day advance.



Lowe's Operating Income Rises On Sustained Demand, Sells Canada Operations

Nov 16, 2022
Scott Peters
The home improvement retailer lifted its annual outlook on stronger-than-expected operating results. The retailer took a large charge linked to the sale of its Canadian operations.

LOW

Advance Auto Net Drops 35%, Retailer Pushes More Store Brands

Nov 16, 2022
Scott Peters
Advance Auto said third quarter sales declined after the company sold more of store branded products. The company reiterated its annual sales outlook and its plans to open new stores.

AAP

Major Averages Down On Retail Weakness, Target Net Income Fell 50%

Nov 16, 2022
Barry Adams
Retail sector stocks led the decliners after Target quarterly earnings plunged 50% and guided weak holiday sales.

Cooler Inflation Sparked Stock Rally Cut by Missiles Landing In Poland

Nov 15, 2022
Barry Adams
Benchmark indexes advanced after the second measure of inflation showed a slight cooling. The lighter-than-expected wholesale inflation follows the declining pace of consumer price inflation released last week.

Stocks Soar On Wall Street After Wholesale Inflation Cools

Nov 15, 2022
Barry Adams
The Producer Price Index rose at the slowest pace in fifteen months. The yields on short term and medium term Treasury declined.

Amazon Layoff Drags Tech Stocks, Fed Comments In Focus

Nov 14, 2022
Barry Adams
Benchmark indexes sold-off in the final hour of trading and large tech stocks led the decliners. Bond yields rebounded after Fed officials reaffirm central bank's commitment in fighting inflation.

Stocks Lack Direction On Wall Street, Bond Yields In Focus On Rate Expectations

Nov 14, 2022
Barry Adams
After a week of surge, stocks lacked direction on Wall Street and debate on the future rate path raged on. Treasury yields edged up higher and the dollar inched lower.



Week: S&P 500 Advanced 6.1%, Nasdaq Soared 8.8%

Nov 11, 2022
Barry Adams
World markets extended weekly gains in Friday's trading and major indexes advanced for the second day in a row on the hopes of slower future interest rate hikes. The collapse of FTX reverberates around the world with billions of losses.