Beazer Homes said gross margin rose on higher average home sale price. Doximity launched a stock repurchase plan. Duolingo offered a cautious outlook. LegalZoom quarterly loss shrank.
Major averages soared after inflation moderated in October and raised the prospects of slower interest rate hikes. The dollar eased and gold advanced. Treasury yields fell for short and long durations.
ZipRecruiter expanded its stock repurchase program. Tapestry lowered its annual outlook. Rivian reported quarterly loss shrank and reiterated its annual production outlook.
Consumer inflation eased in October on a monthly and annual basis but stayed elevated as rapid price increase spread to the cost of housing and services with no sign of abating.
Major averages dropped more than 2% after Republican lawmakers anticipated broader sweep of the Senate and the House failed short of expectations. Crude oil dropped 3% and Treasury yields edged lower.
Disney forecasted streaming services to become profitable in the current fiscal year after losses surged. D R Horton new home backlog and orders rose despite rising cancellation rates.
Republicans expected the Red wave to sweep midterm elections but voters disagreed. Stocks dropped. Energy prices extended losses for the third day. Meta Platforms began mass layoffs.
Major averages extend gains for the third day in a row ahead of midterm election results. Crude oil eased 3% and natural gas plunged 10% on China demand worries. Bond yields remained elevated.
Take Two Interactive plunged on weaker outlook for the next quarter and revised higher fiscal year loss. Norwegian Cruise estimated rising travel demand. Tesla announced a voluntary recall. Tripadvisor fell on guidance.
Apple said China's Covid-19 restrictions have impacted iPhone production. Palantir dropped on an earnings miss. Berkshire Hathaway operating earnings rose. Carvana extended recent declines.
After a week of twists and turns, benchmark indexes trimmed week's losses and Treasury bond yields inched closer to 5.0%. Elevated energy prices, rapidly rising rates and looming recession worries are overshadowing global market sentiment.
