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Late Rally In Volatile August Lifted U.S. and Global Stocks Higher

Aug 31, 2023
Barry Adams
Stocks extended gains for the fifth day in a row and market averages trimmed losses after volatile trading in August. Energy and tech stocks were in focus after crude oil prices edged up 2% and Treasury yields shot up.

U.S. Stocks Rally Extend to 5th Session, Fed's Inflation Measure Inches Higher

Aug 31, 2023
Barry Adams
Market averages advanced for the fifth session in a row as tech continued to lead gainers. An alternative measure of inflation preferred by the Federal Reserve which understates inflation stayed stubbornly high in July.

European Markets Trim August Losses, Euro Area Inflation Held at 5.3%

Aug 31, 2023
Bridgette Randall
European markets trimmed losses in August on the final day of trading this month and investors overlooked stubborn inflation data. The Euro Area inflation held steady in August but core inflation eased.

Nasdaq and S&P 500 Trim August Losses After 4-day Rally

Aug 30, 2023
Barry Adams
Popular averages advanced and Treasury yields edged lower after investors reacted to second quarter economic growth rate revision and weak private sector jobs report.

U.S. Market Averages Extend 4-day Rally, Second Quarter GDP Growth Lowered

Aug 30, 2023
Barry Adams
Popular averages advanced for the third day in a row and second quarter economic growth was revised lower in the second estimate.

Tech Stocks Rallied and Treasury Yields Eased after Job Openings Dropped to 28-month Low

Aug 29, 2023
Barry Adams
The gradual cooling of the job market dragged the yield on 10-year Treasury bonds and supported the advance in tech stocks for the third day in a row.

Big Lots Comparable Sales and Inventories Declined 15%

Aug 29, 2023
Scott Peters
Big Lots said second quarter comparable sales declined 14.6% and inventories fell 15%. The company forecasted gross margin improvement in the third and fourth quarter on lower freight costs and normal markdown activities.

BIG


U.S. and Global Markets Advanced, Global Bond Yields Hovered Near Recent Highs

Aug 28, 2023
Barry Adams
Stocks traded higher in a volatile pattern and bond yields edged near recent highs. Global markets advanced and tech stocks led gainers in New York and Asia and financials in Europe.

U.S. Market Averages Scale Higher After China Stimulus Measures Lift Resource Stocks

Aug 28, 2023
Barry Adams
Market averages traded higher on Monday after popular indexes halted 3-week long slide in the previous week. Investors pinned hopes on China stimulus and commodities and energy prices drifted higher.

European Stocks and Bond Yields Edged Higher

Aug 28, 2023
Bridgette Randall
European stock markets advanced and bond yields edged up as investors picked stocks in industrial and financial services sectors.

Market Averages Turned Higher and Investors Debated Rate Hike Prospects After Powell Speech

Aug 25, 2023
Barry Adams
Major averages turned higher and bond yields held near 16-year highs as investors debated prospects of higher rates after Fed Chairman Jerome Powell's speech.

Nasdaq Down 1.8%, Global Markets Set to Fall 4th Consecutive Week

Aug 24, 2023
Barry Adams
U.S. market averages turned lower after investors shifted focus to the upcoming comments from the Fed Chair Jerome Powell, Tech stocks tumbled and Nvidia's quarterly results surpassed most optimistic expectations.

Market Rally Fizzled After Nvidia Results Exceeded Expectations, Focus Shifts to Fed Talk

Aug 24, 2023
Barry Adams
Market rally powered by the expectations of strong quarterly results fizzled after the chipmaker Nvidia reported a surge in sales and earnings fueled by demand for its Ai-processors. Investors shifted attention to Fed Chair Powell's comments on Friday.

Broader Averages Closed Higher After Tech Stocks Rallied Second Consecutive Day

Aug 23, 2023
Barry Adams
Market averages on Wall Street closed higher after a narrow rally in tech stocks powered the advance. New home sales jumped after buyers struggled to find existing homes. U.S. Treasury yields eased after touching 16-year highs.



Tech Powered Stock Rebound Halted Amid Elevated Treasury Yields

Aug 22, 2023
Barry Adams
Stocks struggled and Treasury yields traded near 16-year high as investors shift focus to macroeconomic headwinds from rising rates and its impact on the banking sector.