RoboStreet – July 28, 2022 Following FOMC and GDP Data, Markets Move Higher to End Week Last week, we looked ahead at the earnings-busy week which also included the latest Federal Open Market Committee meeting and several key economic reports and wondered whether these conditions indicated a definitive rally or restart of the market. As […]
On Wednesday afternoon, the Federal Reserve raised its key interest rate by another 0.75 percentage points in response to hotter-than-expected inflation, extending gains for stocks following the news. All three major U.S. indices traded higher to start the day but finished with an added boost after the announcement: Dow up 1.37%, S&P up 2.62%, and […]
U.S. stocks saw mixed results on Monday, with the Dow Jones and S&P closing in the green while the Nasdaq finished in the red. Markets fluctuated modestly throughout the day as investors contemplated a week stuffed with major earnings and awaited a Federal Reserve policy meeting that’s expected to include another big rate hike. In […]
RoboStreet – July 21, 2022 Earnings Support Market Ahead of FOMC Coming off the heels of a third straight positive session, U.S. investors are wondering if the latest boom is a violent rally in a bear market or the restart of the bull market. Early earnings results have returned positively and subsided recession fears at […]
On Wednesday, the U.S. stock indexes were mostly higher, with encouraging tech earnings boosting investors’ optimism. After Netflix’s earnings surpassed expectations, investors gained more confidence as they waited for additional corporate results. Netflix rose 5.5% after reporting that it lost far fewer subscribers than expected during the second quarter, and it now forecasts even more […]
After stopping a multi-day skid on Friday, U.S. stocks turned lower to start the week, with all three major U.S. indices closing in the red. Continued recession and inflation fears are contributing to the pressure after last week’s labor and CPI data. On Monday, U.S. equities tumbled back towards the beginning of the day after […]
RoboStreet – July 14, 2022 Inflation Data Returns Higher Than Expected Key inflation readings were released this week, topping expectations and once again pressuring markets. In June, U.S. consumers paid considerably greater prices for a range of products as inflation levels rose in a slowing US economy, according to the Bureau of Labor Statistics. The […]
The latest consumer price index, a key indicator of inflation, reported inflation that is higher than expected, which raises the possibility of bigger interest rate increases. Stocks in the United States continue to fall for the fourth day in a row as CPI figures reveal inflation at a 41-year high. This, in turn, caused all […]
Stocks fell in the U.S., with traders assessing China’s new COVID-19 subvariant and anticipating another inflation reading from the United States in just two days. All three major U.S. indices closed in the red with the Nasdaq seeing the biggest drop. Today’s drop follows last week’s strong rally which was capped, and added additional support, […]
RoboStreet – July 7, 2022 All Eyes on Employment Data Following FOMC Minutes Ahead of today’s labor reports, U.S. markets traded exceptionally higher throughout the week, posting four consecutive sessions of gains in the wake of receiving fresh inflation and corporate earnings data. Markets responded favorably to a number of new economic readings as well […]
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