market update

Global Markets Extend Weekly Losses On Recession and Inflation Worries

Sep 16, 2022

Barry Adams

Global markets extended weekly losses on the ongoing rate jitters and yet another sign of economic slowdown. Investors fear more earnings warnings to follow after the latest outlook revision from FedEx.

Movers: AstraZeneca, Extra Space Storage, FedEx, NCR, Uber

Sep 16, 2022

Barry Adams

FedEx earnings warning and revenue shortfall rattled markets around the world. NCR plans to split into two companies. Uber is investigating a cybersecurity hacking claim.

Global Markets Extend Losses After FedEx and World Bank Warnings

Sep 16, 2022

Barry Adams

Wall Street extended weekly losses to 5% after FedEx issued an earnings warning and the World Bank offered a dire global outlook. Two separate reports added to market anxieties ahead of the Fed meeting next week.

Final Hour Sparks Another Wave of Selling on Wall Street, Bond Yields Rise

Sep 15, 2022

Barry Adams

Tech stocks led the decliners with fewer bulls on Wall Street willing to step up ahead of the rate hike decision next week. Crude oil dropped 3% and the yield on 2-year Treasury notes jumped to a 15-year high.

U.S. Stocks Lack Direction Amid Conflicting Economic Data

Sep 15, 2022

Barry Adams

Stocks struggle to gather momentum as investors study conflicting economic data. Labor market conditions remain tight and consumer spending is holding up in the face of high inflation but bond yields are rising rapidly.

Stocks, Bonds, Oil Look Down

Sep 15, 2022

Barry Adams

Global markets trade lower on the rising economic uncertainties, deepening energy crisis in Europe, persistent lockdowns in China and rising rates in the U.S.

Slight Rebound in Stocks A Day After Sell-off, 2-year Yield at 15-year High

Sep 14, 2022

Barry Adams

Benchmark indexes closed higher after a choppy day of trading. 2-year Treasury yield inched up to a high not seen since 2007.

Movers: Home Builders, Railroads, Nucor, Starbucks, Twilio, United Airlines

Sep 14, 2022

Barry Adams

Homebuilders extended losses for the second cay after mortgage application volumed dropped by a third. Railroads declined ahead of a possible worker strike. Nucor lowered its earnings outlook.

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Stocks Wavered, Investors Rattled, Yields Spiked

Sep 14, 2022

Barry Adams

Stocks on Wall Street lacked direction a day after benchmark indexes dropped the most in more than two years.

S&P 500 Plunges 4%, Nasdaq Drops 5%

Sep 13, 2022

Barry Adams

Benchmark indexes plunged in a vicious sell-off after investors feared that the Federal Reserve may have to accelerate and enlarge the current rate hike regime.

Hot Inflation Lifts Treasury Yields and Deepens Stock Sell-off

Sep 13, 2022

Barry Adams

Consumer prices rose at a slower pace in August but remained elevated driven by rising cost of food and shelter. Treasury yields surged and the stock sell-off deepened on the worries that high prices are rapidly spreading in the broader economy.

Wall Street Extended 4-day Rally Ahead of Inflation Report

Sep 12, 2022

Barry Adams

Stocks extended gains for the fourth day in a row ahead of the CPI report tomorrow on optimism about a slowdown in inflation.

Movers: Amgen, Bristol-Myers, Carvana, Gilead, Twitter

Sep 12, 2022

Barry Adams

Gilead settled patent litigation with five generic drugmakers. Bristol-Myers won a regulatory approval for its oral treatment for plaque psoriasis.

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Wall Street Stocks Extend Gains On Weaker Inflation Hopes

Sep 12, 2022

Barry Adams

Tech and resource stocks led the gainers for the third day in a row on the hopes of cooling inflation ahead of the CPI data tomorrow.

High-priced Furniture Retailer RH Guides Larger Sales Decline

Sep 9, 2022

Scott Peters

Formerly known as Restoration Hardware guided larger sales decline in the third quarter and said it plans to refrain from discounting in the current promotional environment.

RH