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Broader Averages Retained Upward Bias After Jobs Report

Nov 4, 2022
Barry Adams
Stocks advanced after non-farm payrolls rose more-than-expected highlighting labor market strength but jobless rate rose from the 29-month low as more people initiated job search.

Major Averages Extend 4-day Decline, Treasury Yield Inches Closer to 5%

Nov 3, 2022
Barry Adams
Stocks declined for the fourth day in a row and treasury bond yields inched closer to a 15-year high as central banks in the U.S., U.K. and Norway lifted rates.

Global Stocks and Bonds Sell-off Deepens

Nov 3, 2022
Barry Adams
Global bond market sell-off accelerated after the Federal Reserve quashed hopes of rate-pause in the near future. Tech stocks led the decliners on Wall Street.

Rate Path Worries Sink Nasdaq 3.3% and S&P 500 2.5%

Nov 2, 2022
Barry Adams
Benchmark indexes plunged after the Fed Chairman comments dashed hopes of rate pause. Tech stocks led the decliners and bond yields perked higher.

Fed Hikes Rates by 75 Basis Points, May Slow Future Pace

Nov 2, 2022
Brian Turner
The Federal Reserve lifted its key lending rate range by 75 basis points and suggested a language that may signal a policy shift to slower future rate hikes.

Movers: Airbnb, AMD, Caesars Ent, Cheesecake Factory, CVS, Estee Lauder, Rogers

Nov 2, 2022
Scott Peters
Rogers plunged after the engineering materials company ended its merger agreement with DuPont. CVS earnings improved excluding opioid settlement. Estee Lauder lowered outlook on strong dollar and persistent China travel restrictions.

ABNB CZR CVS MTCH AMD CAKE EL ROG

Major Averages Ease Ahead of Rate Hike, Private Sector Job Growth Expands

Nov 2, 2022
Barry Adams
Stocks eased and bond yields were on hold ahead of the widely anticipated rate increase. Service sector led the job growth in the private sector in October.



After Hours Earnings: Airbnb, AMD, Match Group

Nov 1, 2022
Scott Peters
Airbnb said revenues on rising daily booking rate and growing demand for accommodations. Match Group highlighted growth potential for Hinge and Tinder.

ABNB MTCH AMD

Global Markets Await Rate Decision, Recession Worries Loom

Nov 1, 2022
Barry Adams
World markets await the Federal Reserve rate-path direction and views on the inner working of the U.S. economy and inflation drivers. Investors are also looking for more clues on the Fed's plan to shrink its balance sheet.

Movers: Avis, BP, Diageo, Goodyear, Molson Coors, Uber

Nov 1, 2022
Scott Peters
Goodyear Tire net dropped on rising product costs and strong dollar. Uber Technologies gross monthly booking rose driven by higher demand for transportation and delivery.

CAR DEO TAP BP GT UBER

U.S. Indexes and Yields Waver, Strong Jobs and Manufacturing Reports

Nov 1, 2022
Barry Adams
The latest JOLT survey showed job openings increase in September and a private survey showed manufacturing growth slowed to the slowest pace since May 2020.

Wall Street Looks Down Ahead of Rate Hike, Treasury Yields Rebound

Oct 31, 2022
Barry Adams
On the final day of October, benchmark indexes eased after strong advances in the previous week. Treasury yields edged higher ahead of the widely anticipated rate hike on Wednesday.

Eurozone Inflation Accelerates and Growth Slows, Stocks Advance

Oct 31, 2022
Bridgette Randall
The consumer price inflation in the eurozone rose to a record high in October and the third quarter growth rate was cut in half.

Deckers Falls After Conservative Guidance, Quarterly Sales Up 21%

Oct 28, 2022
Scott Peters
The footwear maker reported nearly flat earnings and sales rose 21% in the fiscal second quarter ending in September. UGG, HOKA and Teva brands drove quarterly sales growth.

DECK


U.S. and Global Stocks Power Ahead as Investor Sentiment Improves

Oct 28, 2022
Barry Adams
Benchmark indexes jumped after a measure of inflation was steady. Despite the challenging economic fundamentals, indexes closed higher for the third time in the last four weeks.