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Tech Advance Lifts S&P 500 and Nasdaq Higher, Oil at 10-week High

Sep 11, 2023
Barry Adams
Tech stocks led the rebound of popular market indexes on Monday after investors searched for bargains. Crude oil advanced to a new 10-month high and the dollar index traded near its eight-week high.

Fed Uncertainties and Tech Stock Weakness Drag U.S Indexes Lower

Sep 8, 2023
Barry Adams
Market indexes advanced on Friday but are set to close down for the week after volatile trading amid growing worries of a rebound in inflation and uncertainty related to the Federal Reserve's interest rate policy.

Global Markets Extended Losses and Investors Adjust to Higher Rates for Longer Scenario

Sep 7, 2023
Barry Adams
Stocks on Wall Street faced head winds and tech heavy Nasdaq Composite index declined for the fourth day in a row on fears of higher rates.

Jittery Stocks Turned Lower After Jobless Claims Dropped to 7-month Low

Sep 7, 2023
Barry Adams
Stocks faced renewed selling pressure on Wall Street after the latest jobless claims report sparked the worries of another rate hike at the next policy meeting.

Resurgent Inflation Worries Dragged U.S, Indexes Lower, Trade Deficit Expanded

Sep 6, 2023
Barry Adams
U.S. market indexes traded down and tech stocks led the decliners after a private survey showed the acceleration of price pressures in the service sector.

U.S. Markets Eased After Oil Jumped to 10-month High

Sep 5, 2023
Barry Adams
U.S. stocks turned lower and Treasury yields edged higher after crude oil jumped 1% to a 10-month high after Saudi Arabia extended its voluntary production cut to the end of the year.

U.S. Index Rested After Two Consecutive Weekly Advances, Arm IPO Seeks $52 Billion Valuation

Sep 5, 2023
Barry Adams
Market indexes rested near flatline after a three-weekend as investors debated U.S. rate path and labor market conditions and global economic growth trajectory.

U.S. Market Indexes Hold Weekly Gains, August Payrolls Show Moderating Job Market

Sep 1, 2023
Barry Adams
August nonfarm payrolls expansion and rising jobless rate showed a moderating job market amid elevated interest rates. U.S. market indexes registered sharp weekly gains and crude oil advanced on supply worries.

Late Rally In Volatile August Lifted U.S. and Global Stocks Higher

Aug 31, 2023
Barry Adams
Stocks extended gains for the fifth day in a row and market averages trimmed losses after volatile trading in August. Energy and tech stocks were in focus after crude oil prices edged up 2% and Treasury yields shot up.

U.S. Stocks Rally Extend to 5th Session, Fed's Inflation Measure Inches Higher

Aug 31, 2023
Barry Adams
Market averages advanced for the fifth session in a row as tech continued to lead gainers. An alternative measure of inflation preferred by the Federal Reserve which understates inflation stayed stubbornly high in July.

European Markets Trim August Losses, Euro Area Inflation Held at 5.3%

Aug 31, 2023
Bridgette Randall
European markets trimmed losses in August on the final day of trading this month and investors overlooked stubborn inflation data. The Euro Area inflation held steady in August but core inflation eased.

Nasdaq and S&P 500 Trim August Losses After 4-day Rally

Aug 30, 2023
Barry Adams
Popular averages advanced and Treasury yields edged lower after investors reacted to second quarter economic growth rate revision and weak private sector jobs report.

U.S. Market Averages Extend 4-day Rally, Second Quarter GDP Growth Lowered

Aug 30, 2023
Barry Adams
Popular averages advanced for the third day in a row and second quarter economic growth was revised lower in the second estimate.

Tech Stocks Rallied and Treasury Yields Eased after Job Openings Dropped to 28-month Low

Aug 29, 2023
Barry Adams
The gradual cooling of the job market dragged the yield on 10-year Treasury bonds and supported the advance in tech stocks for the third day in a row.

Big Lots Comparable Sales and Inventories Declined 15%

Aug 29, 2023
Scott Peters
Big Lots said second quarter comparable sales declined 14.6% and inventories fell 15%. The company forecasted gross margin improvement in the third and fourth quarter on lower freight costs and normal markdown activities.

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