Login
Breaking News
McDonald's   Rockwell Automation   Monday.com Ltd.   ON Semiconductor   Amazon.com   VeriSign   Expedia   Hilton Worldwide   Cognizant  

Worthington Industries Announces Business Separation, Earnings Dive

Sep 29, 2022
Scott Peters
Worthington Industries plans to separate its steel processing business as a stand-alone publicly traded company. Quarterly earnings declined on higher costs and weaker gross margins.

WOR

Averages Fall 2% With Rate Hike In Focus

Sep 29, 2022
Barry Adams
On Wall Street anxieties spiked up after the latest jobs data signaled wage and consumer price inflation may stay elevated longer than previously estimated. Major averages are set to close down at least 8% in September.

Movers: Apple, Bed Bath & Beyond, CarMax, Cintas, Occidental, Miller, Rite Aid, Vail, Worthington

Sep 29, 2022
Barry Adams
Vail Resorts guided strong demand for its ski resorts. Worthington Industries plans to split its businesses. Rite Aid lowered its annual outlook. CarMax confirmed softening demand. Miller Knoll focuses on lowering costs and improving cash flow.

AAPL BSET KMX JEF MTN BBBY BBBY CTAS WOR

Asia: Nikkei Jumps 1%, Hang Seng and Sensex Extend Losses

Sep 29, 2022
Arjun Pandit
The Hang Seng index extended losses ahead of Golden Week holidays and the Sensex index dropped for the seventh session in a row.

European Markets Accelerate Declines, Record German CPI and Italian PPI

Sep 29, 2022
Bridgette Randall
European markets accelerated declines after the stronger-than-expected U.S. jobs report added to market anxieties underpinned by record German consumer inflation and record wholesale inflation in Italy.

Tech Stocks Lead 3% Sell-off After Jobs Report

Sep 29, 2022
Barry Adams
Major averages dropped between 2% and 3% after the latest jobs report highlighted labor market strength, stoking fears of higher rates sooner. Commodities turned lower after the release of jobs data.

Major Averages Rebound After Week of Losses, Lithium Climbs Higher

Sep 28, 2022
Barry Adams
Major averages rebounded and snapped a six-day losing streak and bond yield turned lower. Crude oil and natural gas closed higher and gold, silver and copper advanced.



Movers: Apple, BlackBerry, Cal-Maine, DocuSign, Paychex, Thor

Sep 28, 2022
Barry Adams
Thor Industries said quarterly sales inched higher driven by price increase. Cal-Maine Foods sales surged on increase in unit sales and higher prices. BlackBerry quarterly sales declined and loss shrank.

AAPL CALM PAYX BB DOCU THO

Stocks Rebound as Jittery Investors Adjust to Rising Rates and Stronger Dollar

Sep 28, 2022
Barry Adams
U.S. stocks rebound and Treasury yields stabilize but investors fear that the Fed's approach to tackling inflation may not avoid hard landing and a deeper-than-expected recession.

Cracker Barrel Quarterly Net Drops 8%

Sep 27, 2022
Brian Turner
Cracker Barrel comparable restaurant sales increased 6.1% and retail sales rose 3.0%. The restaurant chain plans to ramp up opening of new Maple Street Biscuit Company stores in fiscal year 2023.

CBRL

S&P 500 Drifts to New 2022 Low, Treasury Yields Advance

Sep 27, 2022
Barry Adams
Rising Treasury yields overshadowed stocks as investors adjust to higher interest and anticipate more rate hikes. Crude oil rebounded from a nine-month low. The euro and the British pound failed to rebound and closed lower.

Stock Averages and Crude Oil Attempt Rebound, Yields Inch Higher

Sep 27, 2022
Barry Adams
Stocks rebound on Wall Street and the U.S. dollar pauses its advance. Crude oil bounced from its nine-month low but Treasury yields flirted with new 15-year highs.

S&P 500 Closes Down 1% After Volatile Session, Oil Wipes Off 2022 Gains

Sep 26, 2022
Barry Adams
Stocks ended lower as market sentiment swung between bargain hunting and rate hike worries. The U.S. dollar and Treasury yields advanced to new multi-year highs. Crude oil erased all the gains in 2022 after surging as high as $120 a barrel in early March.

U.S. Stocks Lacked Direction, Treasury Yields and Dollar Advance

Sep 26, 2022
Barry Adams
U.S. Treasury yields continued to advance to new 15-year highs and the dollar jumped to a two-decade high against major currencies. The British pound dropped to a new 4-decade low.



Stocks Nosedived On Fed and Looming Global Slowdown

Sep 23, 2022
Barry Adams
Rates are rising and economies are slowing around the world and investors recalibrate earnings outlook and readjust valuations. Energy sector led the losers as crude oil dropped more than 5%.