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U.S. Inflation Cooling Raised Hopes for Soft Landing and Peak Terminal Rates

Apr 28, 2023
Barry Adams
The latest inflation index reading raised hopes that the Federal Reserve may not have to lift rates significantly above 5% and manage soft landing with little harm to the jobs market. Market rally broadened beyond tech stocks and major averages extended weekly gains.

Major U.S. Averages Extend 3-day Rally, Stubborn Core Inflation Highlights Policy Challenges

Apr 28, 2023
Barry Adams
Core rate of inflation remained elevated and significantly above the Fed's target rate of 2% in March. Intel reported the largest quarterly loss in its history. Amazon.com cloud revenue growth eased. Exxon Mobil and Chevron reported a surge in earnings, despite easing of oil prices.

Meta Platforms Earnings Power 2% Rally In Nasdaq and S&P 500 Indexes

Apr 27, 2023
Barry Adams
Stocks soared on Wall Street after Meta Platforms reported better-than-expected revenue and earnings, fueling a tech rally for the second day in a row. Meta extended a five-month surge to 170%.

Stocks On Wall Street Accelerated Gains, GDP Growth Decelerated

Apr 27, 2023
Barry Adams
Economic growth in the first quarter slowed from the previous quarter as consumer spending growth decelerated. Tech stocks led the gainers after parent of Facebook reported quarterly results showing higher advertising revenue.

Tech Bounce Failed to Lift Broader Averages On Wall Street, European Markets Closed Down

Apr 26, 2023
Barry Adams
Benchmark indexes traded higher on the back of a rally in tech stocks powered by Microsoft and healthier earnings from several companies including McDonald's, Chipotle Mexican Grill and CoStar Group.

Tech Stocks and Broader Market Averages Rebounded After Microsoft Earnings Advanced

Apr 26, 2023
Barry Adams
Benchmark indexes advanced in pre-market trading after Microsoft reported sharply higher sales and earnings and Google's parent Alphabet also reported less-than-expected decline in advertising revenue.

S&P 500 and Nasdaq Down 1.5% As Regional Banks Worries Mount

Apr 25, 2023
Barry Adams
Regional bank stress was added to a growing list of worries as investors struggled to understand interest rate path and how falling sales are likely to impact earnings in the coming quarters.

Tech Earnings Anxieties Keep Major Averages Down, Nasdaq Down 1%

Apr 25, 2023
Barry Adams
Caution prevailed on Wall Street ahead of earnings from big tech companies. The latest batch of earnings including UPS and PepsiCo failed to inspire confidence. First Republic's losses in securities assets highlighted the problem faced by banks of all sizes.

First Republic Bank Says Deposits Tumbled and Borrowings Soared

Apr 24, 2023
Scott Peters
First Republic plunged 7% after the regional bank said borrowing soared by several folds and total deposits plunged 36% in the first quarter.

Earnings and Margins Anxieties Keep Stocks In Holding Pattern

Apr 24, 2023
Barry Adams
Stocks seesawed and major averages traded in a tight range as the earnings season kicks into the top gear with at least 300 companies scheduled to report quarterly results this week.

Stocks Drift Lower Ahead of Big Tech Earnings This Week

Apr 24, 2023
Barry Adams
Benchmark indexes turned down as earnings season picks up pace with the releases from leading tech companies this week.

U.S. Investors Confront Weak Economic Growth and Weaker Earnings

Apr 21, 2023
Barry Adams
Investors are still in the early stages of evaluating how the future higher rates and weak or negative economic growth are likely to impact corporate earnings in the next two to three quarters.

Benchmark Indexes Head for Weekly Losses On Weakening Earnings Outlook

Apr 21, 2023
Barry Adams
Stocks were in a holding pattern after corporate earnings barely met lowered expectations. Economic data this week also suggested labor market tightness but slowing economic activities in many sectors.

Investors Turned Cautious After Earnings Reports, Tesla Dropped 10%

Apr 20, 2023
Barry Adams
Investors were on alert after more companies declined to provide earnings guidance and reported weakening margins. The latest earnings worries added to the long list of worries ranging from economic slowdown to rate path and terminal rate levels and stress in regional banks.

U.S. Indexes Turn Lower After Weak Earnings Compound Economic Worries

Apr 20, 2023
Barry Adams
Economic growth jitters were compounded by weak earnings from leading corporations dented market sentiment on Wall Street. Investors stayed on the sidelines and tech stocks dropped after Tesla and Seagate Technology reported earnings shortfall.


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