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Taiwan Semiconductor Q3 Net Income Soars 80%

Oct 13, 2022
Scott Peters
Taiwan Semiconductor said the U.S. export controls to China are manageable after the company won one year exemption.

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On Wall Street Stocks Staged Stunning Reversal

Oct 13, 2022
Barry Adams
In a stunning reversal, major averages rebounded from morning losses of 3% to close up above 2% on the hopes of peaking inflation. September inflation stayed near the recent highs, despite five rate hikes in the last seven months.

Movers: Applied Materials, Albertsons, Delta Air, Domino's Pizza, Victoria's Secret, Walgreens

Oct 13, 2022
Scott Peters
Applied Materials lowered its quarterly sales outlook on new China export restrictions. TSMC reported a surge in revenue, gross margin and profit. Victoria's Secret guided operating earnings towards the upper end of the guidance.

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Stocks Rebound On Peak Inflation Hopes

Oct 13, 2022
Barry Adams
Major averages reversed 3% losses to jump as high as 1.4% on the hopes of peaking inflation despite the core consumer prices inching higher to a new four-decade high.

Inflation Worries Drag Major Averages to New 2022 Lows

Oct 12, 2022
Barry Adams
Major averaged extended losses for the sixth day in a row and dropped to new lows ahead of the widely anticipated consumer price inflation report.

Stocks Look Beyond Elevated Wholesale Inflation Data

Oct 12, 2022
Barry Adams
Wholesale inflation remained elevated as cost of services jumped and inflation seeped deeper in the economy. Consumer price increases are also expected to show wider reach of inflation in the economy on Thursday.

Wall Street Gloom Sinks Averages to New 2022 Lows as Global Sell-off Continued

Oct 11, 2022
Barry Adams
Benchmark indexes extend losses for the fifth day in a row ahead of the inflation report on Wednesday. Crude oil dropped 3% but lumber rebounded to a 3-week high. The British pound faces more headwinds.



Movers: Leggett & Platt, Las Vegas Sands, Uber, Walgreens, Zscaler

Oct 11, 2022
Barry Adams
Casino stocks dropped on China worries. Walgreens completed the purchase of its remaining stake in CareCentrix. Leggett & Platt lowered its annual outlook. Gig-worker centric companies after the proposed rule change by the Department of Labor.

Stocks Lack Momentum and Direction Ahead of Inflation Report

Oct 11, 2022
Barry Adams
U.S. stocks trimmed morning losses in volatile trading and bond yields edged down ahead of inflation report on Wednesday.

Rate Anxieties and Recession Worries Drag Indexes Lower

Oct 10, 2022
Barry Adams
Rate anxieties, elevated inflation and recession worries dominated stock trading. Treasury bond yields rose and traded near 14-year peak. The dollar continued its advance against all major currencies.

Stocks Slide Ahead of Earnings Season Kick-off

Oct 10, 2022
Barry Adams
Tech stocks led the decliners as the rate path worries and China export controls drag the Nasdaq Composite index to a two-year low.

Major Averages Trim Weekly Advance, Strong Dollar Fuels Global Inflation

Oct 7, 2022
Barry Adams
Major averages post weekly advance despite Friday's sell-off. The U.S. dollar gained and crude oil jumped 5% on stronger-than-expected September's jobs report. World markets brace for higher commodities and stronger dollar in the week ahead.

Movers: Ambac, AMD, Credit Suisse, Levi's, Tilray

Oct 7, 2022
Scott Peters
Ambac agreed to settle a case with Bank of America linked to Countrywide Financial prior to its acquisition. AMD lowered its annual outlook. Credit Suisse plans to buyback senior debt.

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European Markets Trim Weekly Rise, Euro and Pound Trend Lower

Oct 7, 2022
Bridgette Randall
European markets confront slowing retail sales and industrial output in Germany and elevated home prices in the U.K. Major averages in Europe dropped on Friday but gained in the week.



S&P 500, Nasdaq Plunge 3% On Rate Path Worries After Jobs Report

Oct 7, 2022
Barry Adams
Major averages dropped more than 3% after September jobs report confirmed labor market strength, fueling rate hike fears. The U.S. dollar advanced and crude oil jumped 4%.