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S&P 500 Down 3% and Nasdaq Drops 4% On Fed Worries

Jun 16, 2022
Barry Adams
Stocks sank deeper in the week after techs led the losers and American Express, Intel, Home Depot, and JPMorgan dropped to their 52-week lows. European natural gas prices soared after Russia slashed gas supplies through the Nord Stream 1 pipeline for the second time this week.

Jabil Net Rises 29% On Stable Gross Margins

Jun 16, 2022
Scott Peters
Jabil Inc said fiscal third quarter revenues increased 15% and net income rose 29% on solid demand for services and offered a positive outlook for the current quarter.

JBL

U.S., Global Markets Accelerate Declines After U.S., U.K. Brazil, Switzerland Lift Rates

Jun 16, 2022
Barry Adams
World markets dropped after the U.S. rate hike sparked a wave of rate increases around the globe. Central bankers around the world are playing a catch up to roaring inflation driven by higher energy and food prices.

European Markets Plunge 2%, ASOS, Boohoo Dop On Falling Sales

Jun 16, 2022
Bridgette Randall
European markets plunged 2% after the U.S. rate hike sparked fears of worldwide slowdown. European auto sales declined for the tenth month in a row. ASOS plunged 29% on rising returns and falling sales.

Asian Markets Point Higher, U.S. Historic Rate Hike Pressures Yen

Jun 15, 2022
Arjun Pandit
Asian markets point higher opening tracking the gains on Wall Street and Europe. The largest U.S. rate hike since 1994 is going to put more pressure on Japanese government bonds and lower the yen to a new 24-year low.

Stocks Rally After Fed Takes Aggressive Stance, 75 Basis Points Rate Hike

Jun 15, 2022
Barry Adams
Stocks on Wall Street rallied after the Federal Reserve took aggressive steps in taming inflation, delivered a hawkish tone for future rate increases, and offered optimistic assessment of the current economic conditions.

European Markets Advance After ECB Emergency Meeting to Fight Widening Bond Yields

Jun 15, 2022
Bridgette Randall
European markets advanced after the European Central Bank in an unscheduled meeting announced a plan to tame diverging bond yields. Euro zone industrial production rebounded in April.



S&P 500 Rebound Led by Tech Stocks, Retail Sales Fall

Jun 15, 2022
Barry Adams
The S&P 500 and Nasdaq indexes rebounded after tech stocks led the gainers ahead of Fed comments this afternoon. Retail sales fell unexpectedly and home builders sentiment weakened.

S&P 500 Sinks Deeper in Bear Territory, Mortgage Rates Hit 6.3%

Jun 14, 2022
Barry Adams
U.S. and global markets extended losses ahead of the Fed's rate decision tomorrow. Investors are looking for drastic actions in taming roaring inflation that has stayed above the Fed's target rate for 17 months in a row.

European Markets Fall, Third Monthly Increase in German Inflation

Jun 14, 2022
Bridgette Randall
European markets turned lower after German inflation hovered near record levels for the third month in a row. Consumer price inflation hovered near record levels since German reunification and wholesale prices rose 23%.

Early Bounce Evaporates On Wall Street

Jun 14, 2022
Barry Adams
Early bounce in stocks evaporated on Wall Street ahead of the interest rate decision tomorrow. Cryptocurrency exchange operator Coinbase announced to cut staff by 18% and bitcoin dropped to $22, 000. Markets in Asia and Europe traded lower on inflation worries.

Cautious Trading in Asia On Elevated Energy Prices

Jun 14, 2022
Arjun Pandit
Asian markets were on the backfoot after global economic slowdown worries dominated market sentiment across the region. Nikkei plunged as much as 2.2% before trimming losses. Markets in China rebounded. India's wholesale inflation accelerated in May. The Australian market index dropped 3.6%.

Rate Fears On Wall Street Sank S&P 500 and Nasdaq 4%

Jun 13, 2022
Barry Adams
Market indexes plunged on the rising fears that the Fed may be out of options in taming inflation driven by elevated food, fuel, and home prices.

S&P 500 Sinks to Bear Territory, Nasdaq Extends Losses

Jun 13, 2022
Barry Adams
Market indexes plunged more than 2% for the third day in a row as investors face a busy week ahead with decisions from several central banks. The S&P 500 index fell back in bear territory on the U.S. rate hike worries on Wednesday.

COIN TSLA MSFT AAPL


Asian Markets Plunge On Faster Rate Hike and Covid Worries

Jun 13, 2022
Arjun Pandit
Asian market plunged after the U.S. inflation accelerated and fueling worries of faster rate hikes. The yen dropped to a 23-year low on widening rate gap between Japan and the U.S. Indexes in China declined after Beijing reimposed stricter controls in several parts of the city.