Weekly Losses in U.S. Indexes as Rapid Jobs Recovery Begins to Cool

U.S. market indexes declined and closed down 1% in the week after investors focused on the Fed action following the stronger than anticipated jobs report.

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Tech Stocks Drop 2% After Strong Jobs Report

Cautious investors sold stocks and dragged the tech-heavy Nasdaq index down more than 2%. Employers added more than expected 390,000 net new jobs supporting Fed's case to lift rates higher and faster.

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Tech Rally Lifts Nasdaq 2%, S&P 500 Adds 1.4%

The S&P 500 and Nasdaq Composite indexes accelerated gains after bargain hunters added exposure to tech and large cap stocks. Saudi Arabia led OPEC+ agreed to bring forward oil production increase in the next two months.

U.S. Stocks Trend Lower On Microsoft Warning and OPEC Output Decision

U.S. stocks trade sideways and crude oil was in focus after the extended OPEC member nations agreed to bring forward additional oil supply in the next two months.

Sentiment Sours On Economic Worries, Rising Mortgage Rates, and Elevated Energy Prices

U.S. market indexes struggled after mortgage rates rose, economic worries resurfaced, and energy prices failed to budge from elevated levels. European and Asian markets closed down.

Stocks Drop After JOBS Report and Dimon Hurricane Comments

U.S. stocks turned lower on the renewed worries of the health of the economy after the latest jobs survey showed a decline in available jobs. Crude oil and the yield on the 10-year U.S. Treasury notes headed higher.

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U.S. Indexes Extend May Losses

U.S. stocks closed mixed after another day of lackluster trading. European leaders agreed to ban the import of oil from Russia and cargo insurance but appeared to be divided in shipping advanced arms to Ukraine.

U.S. Stocks Turn Lower After Oil Jumps 3%

U.S. stocks turned lower after a week of advance and another leg up in energy prices dampened the sentiment. Eurozone record inflation advanced for the seventh month in a row and the EU leaders placed a ban on energy products imports from Russia.

Perception of Cooling Inflation Powered 2% Stock Rally

Investors after weeks of rising inflation and bond yields hit the buy button after the latest measure of inflation showed signs of cooling. The personal consumption expenditure, controversial but Fed's preferred measure, showed a mild decline over a year in April.

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U.S. Indexes Advance After April Household Spending Increased

Stocks on Wall Street advanced after the release of personal income and consumption data. Retailers were in focus after American Eagle Outfitters, Big Lots, and Hibbett results disappointed investors. Costco same stores sales showed consumer strength.

Retailers and Indexes Advance On Buoyant Consumers

U.S. market indexes advanced after retailers reported stronger than expected results at the top and bottom end of the consumption. Macy's, Williams-Sonoma, Dollar General and Dollar Tree results reassured investors.

U.S. Indexes Extend Gains On Retail and Tech Stocks Surge

U.S. stocks climbed higher after first-quarter GDP projection was revised to a larger decline and initial jobless claims fell. Dollar General and Macy's results lifted market sentiment. Tech stocks advanced after Broadcom agreed to acquire VMWare for $61 billion.

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S&P 500 Rebounds 1% After Fed Minutes

U.S. stocks jumped after the Fed minutes of meeting showed policy members are willing and ready to lift rates higher at the next meetings if necessary. The strong commitment to quell inflation bolstered the market sentiment.

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Stocks On Defensive Ahead of Fed Minutes

Stocks traded lower and investors reacted to the latest batch of earnings and awaited details of the latest Fed policy meeting on May 4. Dick's Sporting Goods plunged 13% on cautious outlook.

Nasdaq Sinks to New Low In Volatile Trading

Stocks on Wall Street trimmed losses but tech-heavy Nasdaq dropped to a new low in the year. Snap Inc plunged 43% after issuing a profit warning. New home sales plunged 16% after buyers walked away from record home prices.

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