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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.

U.S. and European Markets Extend Weekly Losses to 6%

Jun 10, 2022
Barry Adams
Selling intensified for the second day in a row after the inflation report highlighted deeper problems beyond food and energy prices. For the week, the Nasdaq dropped 7% and the S&P 500 fell 6%. European markets extended similar losses as white-hot inflation envelops the globe.

European Markets Drop 3% On Rising Global Inflation

Jun 10, 2022
Bridgette Randall
European markets plunged after the U.S. inflation report confirmed the global inflation surge. Inflation pressures are not likely to subside in the near future as central banks around the world are lagging in response and have limited options in taming the 4-decade high food and energy price surge.



S&P 500, Nasdaq Drop After Inflation Surges to New 4-Year High

Jun 10, 2022
Barry Adams
Traders resumed selling on Wall Street and the S&P 500 and the Nasdaq indexes extended weekly declines of near 6.0%. The latest reading on inflation showed deepening and broadening of inflation while policymakers run out of options and rates drop more in negative territory.

Ahead of Inflation Data S&P 500 Plunges 2.5%. Nasdaq Down 2.8%

Jun 9, 2022
Barry Adams
Stocks came under heavy selling pressure in the final hour of trading ahead of the release of key inflation data on Friday. The closely watched consumer price index report will provide fresh insights into the strength of inflationary pressures across the economy.

Signet Jewelers Sales Jump 9%, Records $190 Million Gender Bias Settlement Charges

Jun 9, 2022
Scott Peters
Signet Jewelers quarterly sales rose 9% but same stores sales in the U.S. dropped 0.9% on fewer transactions. The diamond jewelry retailer reaffirmed full-year sales and earnings per share outlook.

SIG

Negative Sentiment Drives S&P 500 and Nasdaq Lower

Jun 9, 2022
Barry Adams
Stocks on Wall Street declined after the U.S. Treasury yields pushed higher and crude oil prices showed a positive bias. The European Central Bank said it plans to lift rates and lowered its economic growth outlook for the current and next two years.

Five Below Lowers Earnings and Sales Outlook

Jun 8, 2022
Scott Peters
Five Below said comparable sales declined and net income plunged as consumers turned more selective and restrained spending and wages and import costs rose.

FIVE

Ollie's Bargain Confronts Weak Consumer Spending and Higher Costs

Jun 8, 2022
Scott Peters
Ollie's Bargain said sales, earnings, and margins declined on lower comparable sales, weaker consumer spending, and rising inventories. The company expects gross margin to be stable at a lower level in the second quarter but held out improvement in the second-half.

OLLI

S&P 500 Drops 1% On Fears of Economic Slowdown

Jun 8, 2022
Barry Adams
Stock market indexes dropped 1% after bond yield rose and crude oil prices continued to advance. Mortgage application volume dropped to the lowest in 22 years.



European Markets Drop 1%, German Production Rises 0.7%

Jun 8, 2022
Bridgette Randall
The eurozone economic growth in the first quarter was revised higher and German industrial production rose less than expected 0.7%. Credit Suisse indicated a loss in second quarter. Inditext earnings jumped 80%.