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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.

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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.

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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.

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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.

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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.

Major Average Advance 4th Day In a Row, Pending Home Sales Plunge

Oct 28, 2022
Barry Adams
Benchmark indexes powered ahead on the back of stable inflation and rising earnings from energy companies. Tech stocks eased after Amazon.com forecasted weak fourth quarter sales.

Movers: Amazon.com, Apple, Chevron, ExxonMobil, Intel, Deckers Outdoor

Oct 28, 2022
Scott Peters
Deckers Outdoor reiterated its full-year outlook. Intel net income plunged and lowered its 2022 sales outlook. Chevron net income more than doubled. Exxon Mobil net income jumped nearly three-fold.

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Apple Third Quarter Sales Rise 8%, iPhone Sales Up 10%

Oct 27, 2022
Scott Peters
Apple sales rose in every region of the world except Japan, despite the supply chain issues, inflation worries and zero-Covid lockdowns in China.

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Amazon.com Plunges 18% On Fourth Quarter Slow Growth Outlook

Oct 27, 2022
Scott Peters
Amazon.com said third quarter sales increased 15% but net income fell 9.3%. The online retailer guided fourth quarter sales to rise between 2% and 8%

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After Hours: Amazon.com, Apple, DexCom, Mastercard

Oct 27, 2022
Scott Peters
Amazon guided weak fourth quarter sales growth. Apple earnings were ahead of expectations. DexCom third quarter revenue and earnings rose.

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