Login
Breaking News
Walmart   Lowe's Companies   Super Micro Computer   Berkshire Hathaway   marriott   Apple Inc.   Carnival Corp.   Intel   Exxon Mobil  

Stocks Power Ahead After Investors Embrace Soft-landing Scenario

Jul 19, 2023
Barry Adams
Major averages extend gains after investors embrace soft-landing scenario and abandon the likelihood of a hard-landing scenario because of weakening inflation trend, resilient consumer spending and better-than-expected corporate earnings.

S&P 500 and Nasdaq Extend 2023 Gains After Positive Earnings from Banks

Jul 18, 2023
Barry Adams
Market averages on Wall Street traded higher after investors stepped up to buy banks, tech and industrial stocks. Better-than-expected earnings from leading banks bolstered market sentiment after higher interest rates fueled rising net interest rate margins despite slumping trading and investment banking fees.

S&P 500 and Nasdaq Jump Ahead After Investors Overlook Weak Retail Sales

Jul 18, 2023
Barry Adams
Market indexes advanced on Wall Street after retail sales rose less-than-expected and earnings were generally ahead of expectations. Investors reviewed earnings from Morgan Stanley, Bank of America, PNC Bank and Lockheed Martin.

Tech Stocks Power Narrow Market Rally with Earnings from Regional Banks in Focus

Jul 17, 2023
Barry Adams
Tech stocks led market averages higher and investors shifted focus on upcoming earnings. Earnings from regional banks will be in focus after leading banks reported earnings ahead of market expectations and showed rising deposit costs.

U.S. Market Averages Rest and Treasury Yields Edge Lower Ahead of Earnings

Jul 17, 2023
Barry Adams
Stocks rested in early trading after market averages were nearly unchanged after solid advances of two weeks in a row. Treasury yields retained downward bias. Crude oil declined 1% and copper eased.

Third Inflation Report Indicates Cooling Trend, S&P 500 and Nasdaq Extend Weekly and Yearly Gains

Jul 14, 2023
Barry Adams
Major averages advanced and extended weekly and this year's gains after banks reported better-than-expected earnings. Import price inflation index dropped sharply, third inflation report this week indicating waning inflation pressures.

4-Day Rally Lifts S&P 500 and Nasdaq to 2023 Highs

Jul 13, 2023
Barry Adams
Lighter-than-expected wholesale inflation raised hopes on Wall Street and major averages closed at their highs in the year. Investors are awaiting earnings results from leading banks on Friday.



S&P 500 and Nasdaq Extend 4-day Rally After Wholesale Inflation Eased

Jul 13, 2023
Barry Adams
Major averages on Wall Street advanced following the decline in wholesale inflation confirming the weakening goods inflationary pressures.

Stocks Meandered After Nonfarm Payrolls Report

Jul 7, 2023
Barry Adams
Stocks turned volatile after the release of the non-farm payrolls report for the month of June. Treasury yields advanced and mortgage rates traded at a two-decade high.

ADP Report Unnerved Markets, Stocks Fall, Yields and Mortgage Rates Rise

Jul 6, 2023
Barry Adams
The yield on 10-year Treasury bonds crossed 4% for the first time since March and mortgage rates rose above 7%, the level last seen in November. Interest rate sensitive sectors including steelmakers, homebuilders and regional banks dropped.

Market Indexes Declined 1.4% After Strong Jobs Report Stoked Rate Hike Fears

Jul 6, 2023
Barry Adams
Market averages turned lower after a hotter-than-expected payrolls report stoked fears of rate hikes at the next policy meeting. Private sector payrolls surged after the travel and hospitality industry continued adding staff at brisk pace.

U.S. Stocks Slide and Treasury Yields Jump After Fed Sees More Rate Hikes

Jul 5, 2023
Barry Adams
Major averages remained under pressure after almost all policy members supported higher rates and more restrictive policy may be needed in bringing down inflation to the central bank's goal of 2%.

Major Averages Face Headwinds On Lingering Rate Path Worries

Jul 5, 2023
Barry Adams
Manor averages on Wall Street struggled after services growth decelerated in China, UK and the Euro Area. Tech stocks rested with a downward bias after six weeks of advance.

Major Averages Inch Higher On Wall Street, EV Makers Surge Ahead

Jul 3, 2023
Barry Adams
Stocks advanced on the start of the second half. Crude oil prices declined on demand worries. Electric vehicle makers were in focus after Tesla, Rivian and BYD reported production data.



Stable U.S. Market Averages After Stellar First Half

Jul 3, 2023
Barry Adams
Major averages were nearly unchanged on the first trading of the second half after indexes reported a surprise rally in the first half. Tesla jumped following record quarterly sales and deliveries.