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Levi Strauss Quarterly Sales Rise 15% Despite Strong Dollar

Jul 7, 2022
Scott Peters
Levi Strauss said quarterly sales rose 15% and earnings dropped 23% on charges linked to closure of Russian operations. The strong dollar also impacted international sales growth.

LEVI

WD-40 Plunges 10% After Quarterly Revenues and Income Dropped

Jul 7, 2022
Scott Peters
WD-40 said third quarter revenues declined after strong dollar hurt international sales translation. The company also lowered its annual sales and earnings outlook.

WDFC

Kura Sushi Soars On Third Quarter Results

Jul 7, 2022
Scott Peters
Kura Sushi said third quarter sales more than doubled from a year ago and lifted annual sales outlook.

KRUS

U.S. Indexes Extend Gains On Oil and Tech Stocks Rally

Jul 7, 2022
Barry Adams
U.S. indexes extended rally to the fourth day and are set to close the week higher after energy stocks led the rebound. Natural gas prices rebounded 13%. The UK pound was in focus after Prime Minister Boris Johnson was forced out plunging the British economy in turmoil.

Four Day Rally In U.S. Stocks

Jul 7, 2022
Barry Adams
U.S. stocks extended gains for the fourth day in a row and weekly jobless claims rose. Trade deficit declined in May but increased 38% from a year ago.

U.S. Stocks Close Higher After Fed Minutes

Jul 6, 2022
Barry Adams
U.S. stocks closed higher after the release of Fed's minutes of meeting held in June. Policy members favored higher and faster rate increases fearing the anchoring of inflation at elevated levels and Fed's inflation-fighting credibility in question.

Movers: Amazon, Chord Energy, Microsoft, Norwegian Cruise, Paramount Resources, Rivian, RingCentral

Jul 6, 2022
Barry Adams
Oil complex dropped for the third day in a row after crude oil prices extended losses and traded below $100 for the second day in a row. RingCentral plunged 10%. Amazon may take a stake in Grubhub.

AMZN RIVN MSFT RNG


U.S. Indexes Fall In Volatile Trading Tracking Lower Oil

Jul 6, 2022
Bridgette Randall
U.S. stocks traded lower in volatile trading following the declines in the energy market. The labor market remained tight in May and new job postings declined but remained elevated.

European Markets Rebound After Norway Energy Workers Return to Work for Now

Jul 6, 2022
Bridgette Randall
European markets rebounded more than 1% after Norway forced a mandatory arbitration between Equinor and striking oil and gas workers.

Tech Stocks Rally Lifts Nasdaq and Erases 2% Loss In S&P 500

Jul 5, 2022
Barry Adams
The decline in the U.S. bond yield powered the tech rally. Crude oil plunged 8% but natural gas braced for volatile trading on Norway supply worries. The British pound sank after two senior ministers quit and the euro fell to a two-decade low on recession fears.

U.S. Stocks Drop On Profit Growth Worries

Jul 5, 2022
Barry Adams
Crude oil plunged 8% below $100 a barrel for the first time in six weeks as recession worries dragged market indexes across the Atlantic by 2%. U.S. Treasury yields inch lower.

Euro Inches Two-Decade Low On Recession Fears, European Markets Drop 2%

Jul 5, 2022
Bridgette Randall
European markets declined more than 2% and the euro dropped 1to its lowest level in two decades on the growing recession fears and the war in Ukraine showing no signs of ending.

European Markets React to Fall in German Exports and Elevated Producer Prices

Jul 4, 2022
Bridgette Randall
European markets closed mixed after Germany's exports declined unexpectedly in May and trade with the Russian Federation continued to shrink. Turkey's inflation in June surged to a 24-year high after energy prices soared.

Asian Markets Closed Mixed After China Reimposed Mass Testing

Jul 4, 2022
Arjun Pandit
The Asian markets closed mixed after authorities in China reimposed mass testing in several cities in eastern region. Japan endured sweltering heat after temperatures rose to a record high in decades. The Korean market indexes closed to a new 20-month low.



Late Rally In S&P 500 Trims Weekly Loss, Bond Yields Fall

Jul 1, 2022
Barry Adams
U.S. stocks started the second-half on a higher note, bond yields fell and energy prices rose. Economies around the world signaled slowdown on rising input costs. Inflation in Europe accelerated after energy prices surged 42%.