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Stocks Meandered Amid Debt Ceiling Turmoil, EU Approves Microsoft's Acquisition of Activision Blizzard

May 15, 2023
Barry Adams
Stocks on Wall Street lacked momentum and direction and investors looked ahead to a resolution of debt ceiling negotiations.

Global Markets On Edge With Both Sides Holding Firm In Debt Ceiling Negotiations

May 12, 2023
Barry Adams
Market anxieties are growing with the lack of progress on debt ceiling negotiations as both sides defend their positions and are in no mood to compromise.

Debt Ceiling Turmoil and Regional Bank Worries Keep Investors On Defensive

May 12, 2023
Barry Adams
Stocks lacked direction on the final day of a volatile week as focus shifts to debt ceiling uncertainties and wider fallout from the regional banking crisis.

With inflation Worries Receding, Debt Ceiling Negotiations Take Center Stage

May 11, 2023
Barry Adams
With receding worries of inflation and rate path, debt ceiling uncertainty is taking center stage as both parties avoid cutting outsized defense spending and subsidies for wealthy and large businesses.

PacWest Struggles Steady Deposit Outflows Since SVB and First Republic Failure

May 11, 2023
Scott Peters
PacWest Bancorp swung to a loss in the first quarter on account of non-cash goodwill impairment charges. The California-based bank suffered additional deposit outflows after the closure of First Republic Bank on May 1.

PACW

Stocks, Treasury Yields Fell After Wholesale Inflation Eased, Debt Ceiling Uncertainties

May 11, 2023
Barry Adams
Benchmark indexes turned lower after regional bank worries flared up after PacWest reported deposit outflow. Wholesale inflation index declined for the tenth month in a row after final demand for goods price index rose at a slower pace.

Tech Stocks Led Market Advance After Inflation Cooled In April

May 10, 2023
Barry Adams
The yield on short-term Treasury notes declined and tech stocks led the gainers after the inflation index eased for the tenth month in a row in April.



Muted Gains In Stocks After Stubborn Inflation Stoked Rate Hike Worries

May 10, 2023
Barry Adams
Headline inflation cooled in April and core inflation stayed stubbornly high, signaling well anchored inflation forces largely unaffected by ten rate hikes over the last fourteen months.

Growing List of Market Worries Now Include Debt Ceiling Uncertainties

May 9, 2023
Barry Adams
Lawmakers of both parties avoid finding compromise as Congressional leaders demand federal government spending cuts of their likings before raising the federal government debt ceiling.

Lacking Impetus Stocks Drift Downward Amid Persistent Regional Banks Worries

May 9, 2023
Barry Adams
In cautious trading, investors avoided stocks ahead of two inflation reports over the next two days. Regional banks remained in focus amid worries of elevated interest rates and mounting losses in Treasury securities holdings.

U.S. Market Indexes Lacked Direction and Investors Awaited Inflation Reports

May 8, 2023
Barry Adams
Investors awaited inflation updates later in the week and reviewed rate decisions and jobs report last week. Crude oil rebounded from a six-week low on the hopes that lower inventories and a rebound in China demand will support higher prices.

Major Averages Traded Down On Wall Street, Berkshire Hathaway Earnings In Focus

May 8, 2023
Barry Adams
Stocks on Wall Street traded higher as investors await the inflation report this week. Positive jobs report and a possible rate pause by the Federal Reserve lifted benchmark indexes on Friday as earnings season gathers pace.

Asian Markets Advanced, Nikkei Traded Down Despite Record Service Sector Growth

May 8, 2023
Arjun Pandit
Market indexes in China, India and Australia advanced but the benchmark index in Tokyo edged lower. A string of positive earnings lifted market sentiment in Mumbai. Investors in China awaited international trade and money supply data on Tuesday.

S&P 500 and Nasdaq Soared 2%, Apple and Regional Banks Zoom Higher

May 5, 2023
Barry Adams
Stocks staged a sharp rally on Wall Street and regional banks soared. Non-farm payrolls expanded in April, stoking hopes that the Federal Reserve may have a broader leeway in navigating the economy to soft landing without causing a recession.



Wall Street Stocks Rebounded, Payrolls Expanded In April

May 5, 2023
Barry Adams
Stocks rebounded on Wall Street after non-farm payrolls expanded in April and jobless rate dropped to five-decade low and wages gains were muted. Crude oil traded near recent lows. Regional banks drifted lower.