market update

S&P 500 and Nasdaq Composite Extend Gains, 10-year Treasury Yield Approach 5-month Low

Dec 18, 2023

Barry Adams

U.S. market indexes advanced, Treasury yields dropped to five-month lows, and the dollar index drifted lower, despite policymakers stressing talks of rate-cut expectations are premature and inflation is still above target.

U.S. Major Averages Trend Higher Overlooking Cautious Comments from Policymakers

Dec 18, 2023

Barry Adams

Stock market indexes advanced in early trading, and investors overlooked cautious comments from policymakers. The dollar index edged lower, and Treasury yields hovered near recent lows.

S&P 500 Inches Closer to Record High as Rally Stretches to Seventh Week

Dec 15, 2023

Barry Adams

Stocks advanced in Friday's trading, and major market averages are set to extend their gains to the seventh week in a row. Crude oil rebounded, gold edged higher, and the yield on the 10-year Treasury notes drifted lower.

Global Markets Ride Higher After Major Central Banks Hold Rates Steady

Dec 14, 2023

Barry Adams

Global market indexes were on the upswing after the Federal Reserve signaled rate cuts and held its key lending rate range. The European Central Bank trimmed its growth outlook, and the Bank of England stressed that rates are likely to stay higher for a longer period of time.

U.S. Stocks Extend Gains After Treasury Yields Eased and Retail Sales Advanced

Dec 14, 2023

Barry Adams

Benchmark indexes advanced for the second day after the Federal Reserve signaled rate cuts and retail sales rose in November. The yield on 10-year Treasury notes dropped to a four-month low of 4%.

U.S. Stocks Soared After Fed Holds Rates Steady and Signals Multiple Rates Cuts In 2024

Dec 13, 2023

Barry Adams

Stocks rebounded and Treasury yields turned lower after the Federal Reserve left its key lending rate range unrevised and signaled several rate cuts next year.

U.S. Stocks Edge Higher Ahead of Fed's Rate Decision and Commentary

Dec 13, 2023

Barry Adams

Stock market indexes edged higher, and investors awaited the Fed's rate decision later in the day. Investors are looking forward to gaining deeper insights into how policymakers think about future rate paths, the inner workings of the economy, and labor market conditions.

Modest Gains In European Stock Markets, Eurozone Industrial Output Dropped

Dec 13, 2023

Bridgette Randall

European markets edged slightly higher ahead of the rate decisions from the European Central Bank, the Federal Reserve, and the Bank of England. UK GDP unexpectedly contracted in October amid declines in manufacturing, construction, and services.

S&P 500 and Nasdaq Hit New 52-week Intraday Highs, Crude Oil Plunged 4%

Dec 12, 2023

Barry Adams

Stocks advanced and crude oil prices dropped after the latest inflation report showed a cooling trend in November. Rising crude oil supplies in the global markets from the U.S., Canada, Brazil, and Guyana also weighed on market sentiment.

U.S. Stocks Pull Ahead, Core Inflation Held Steady at 4%

Dec 12, 2023

Barry Adams

Stocks advanced after the release of the consumer price inflation report. Overall inflation eased in November, but core inflation held steady at a rate significantly higher than the target rate set by the central bank.

U.S. Major Averages Advance Ahead of Inflation Reports and Fed Decision, Deflation Worries Grip China Stocks

Dec 11, 2023

Barry Adams

Market indexes rested ahead of the release of inflation reports and the Federal Reserve's rate decision and economic and inflation forecast. European markets traded near recent highs, and market indexes in China struggled after the worries of deflation gripped market sentiment.

U.S. Stocks Rest Awaiting Fed's Interest Rate Decision

Dec 11, 2023

Barry Adams

Stocks lacked direction, and 10-year Treasury yields were in focus ahead of the Federal Reserve's rate decision on Wednesday.

U.S. Stocks Struggled, Treasury Yields Declined after Nonfarm Payrolls Accelerated

Dec 8, 2023

Barry Adams

The U.S. economy added jobs at a faster pace in November, and wage gains were in line with expectations. 10-year Treasury yield jumped on the worries that the labor markets are tighter than previously estimated.

Lululemon Athletica Quarterly Sales Rise 19%, Expands Stock Repurchase Plan

Dec 8, 2023

Scott Peters

The specialty apparel retailer said international sales soared but net income declined. The company board approved an additional stock repurchase plan of $1 billion.

LULU

Dollar General Estimated Sales Growth Weakness to Persist

Dec 8, 2023

Scott Peters

The deep discount retailer struggled to control its inventories as customers stayed limited to basic product categories and searched for bargains.

DG