Benchmark indexes traded lower in cautious trading and investors reacted to corporate earnings. Despite the talks of gloom and doom, the Euro Area and the U.S. economy continue to expand at healthy rates.
Tech stocks dropped ahead of earnings from leaders in the industry this week. Rate path worries and economic slowdown anxieties also dampened market sentiment.
Stocks lacked direction ahead of rate decisions across the Atlantic and earnings from leading technology companies. Investors are hoping smaller U.S. rate hikes may help the economy from dipping into a recession.
Benchmark indexes extended weekly gains after consumer spending eased for the second month in a row and inflation measure eased but stayed elevated. Investors are anticipating rate hikes by the central banks in the U.S., Euro Area and UK.
Market sentiment was cautiously positive as investors reviewed another batch of earnings. The key measure of inflation was elevated in December highlighting the difficult road ahead for the Federal Reserve.
Benchmark indexes rebounded and closed extended weekly and monthly gains on the hopes of the economy avoiding a recession. New home sales dropped to a four-year low but the labor market remained tight.
Stronger-than-expected GDP and durable goods orders supported the latest market advance and positive earnings from Tesla Inc also boosted Nasdaq stocks.
Tech stocks reversed morning gloom after Microsoft guided continued deceleration in cloud computing revenue. Tesla reported record revenue, profit, production and deliveries despite ongoing supply chain worries.
Mass layoffs and weak earnings outlook dragged stocks lower for the third day in a row after Microsoft's weak earnings outlook added to market anxieties.
Stocks in Tokyo traded higher and investors reacted to corporate earnings. Adani Group stocks closed down on allegations from a U.S.-based short seller.
Benchmark indexes on Wall Street lacked direction and investors reacted to corporate earnings. After the close Microsoft reported better-than-expected earnings.
Tech stocks rebounded for the second day after investors warm up to slower rate increase and await a flood earnings this week. Volatile energy prices closed unchanged and lumber prices rebounded from a 3-year low.
Stocks power ahead as earnings season gathers pace after banks released mixed earnings. A rebound in China business activities and the expectations of dovish Fed-stance supported the market advance.
Market indexes advanced and investors looked beyond the drumbeat of Fed officials and mixed economic signals. Existing home sales extended recent declines and leading tech companies accelerated layoffs reflecting new economic realities.
