U.S. Stocks Attempt Rebound, European Indexes Trade Higher

U.S. stocks futures indicated market rebound a day after a broad selloff. Investors remain cautious ahead of the consumer and wholesale inflation data in the next two days. Bargain hunters returned in Europe but Asian markets were cautious.

Broad Selloff Drags Indexes to New Lows In the Year

In a broad selloff U.S. stocks extend losses in all sectors. Bonds, commodities, energy, and crypto currencies also declined sharply. Nervous investors are factoring rising prospects of higher interest rates and slowing economic activities.

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U.S. and World Markets Extend Losses, New 3-Year High In Bond Yields

U.S. stock index futures to another day of losses after interest rates advanced, falling economic activities in China and Europe, and continued inflation pressures.

Nikkei Down 2%, China Lockdown to Extend

Asian markets were on the defensive with the Nikkei index in Tokyo down 2.2% and the ASX 200 in Sydney falling 1%. Shanghai lockdown is expected to extend till the end of May disrupting supply chains longer.

After Wild Swings Indexes Closed Down

U.S. stocks extended losses for the second day in a row in a volatile session. Market averages quickly declined after two failed attempts to climb from the fall of 2% in the positive territory.

Movers: Cigna, Clouflare, DraftKings, DoorDash, Live Nation, Under Armour, Shake Shack

Live Nation Entertainment revenues soared as live concert industry rebounds. DoorDash continued its pandemic fueled growth. DraftKings lifted revenue outlook on growth in paying members. Zillow Group struggled with home flipping business.

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U.S. Indexes Drop 1% After Strong Jobs Report

U.S. stock indexes opened lower and quickly fell more in the early trading. The labor department reported April unemployment rate was 3.6% and payrolls expanded 428,000. Asian markets fell after top Chinese leaders doubled down on zero-Covid policy indicating longer supply chain disruptions.

Stock Indexes Plunge On Fears Rates Will Lag Inflation For Months

U.S. market indexes plunged at least 3.5% after investors reevaluated Fed comments and its plan to restore price stability. With the slow pace of tightening, interest rates are expected to lag inflation for many more months or quarters and nudge the economy in stagflation.

Movers: EPAM, Etsy, Shopify, Sprouts, Tripadvisor, Wayfair

Wayfair plunged after reporting a decline in sales and a quarterly loss. Shopify and Etsy fell after reporting slower growth. EPAM jumped on sales growth. Hain Celestial offered a weak sales outlook. Sprouts Farmers fell after estimating earnings and sales at the low end of previous guidance.

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Indexes Fall 4% On Fed's Inabilities In Controlling Supply Shocks

U.S. stocks erased most of the gains logged in the previous session after digesting comments from the Fed suggested its inability in controlling supply shocks, impacting energy prices, and supply disruptions. Despite record job openings, labor participation rate is not increasing.

Indexes Surge 3% After Powell Rejects Larger Rate Increases In Future

The S&P 500 and the Nasdaq Composite index accelerated gains after the Fed Governor Powell said 75 basis points rate increase was not discussed in the policy meeting.

Fed Takes Two-pronged Approach In Taming Inflation

The Federal Reserve lifted its key rate by 50 basis points and announced a plan to shrink its portfolio of Treasurys and agency debts. The rate hike was the largest since May 2000.

Movers: AMD, Airbnb, Akamai, CVS, Lyft, Match Group, Starbucks, Uber

AMD reported a surge in revenues and lifted outlook. Tupperware withdrew annual guidance. Lyft guided lower operating earnings. Uber losses surged on investment losses. Airbnb reported record bookings. CVS guided a higher adjusted earnings range.

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Stock Futures Point Up With Rate Decision Looming

U.S. stocks advanced and investors added positions ahead of the rate decision this afternoon. Investors are looking beyond a widely anticipated 50 basis points interest rate hike and hoping that the inflation has peaked.

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Stocks Climb Higher in Volatile Session Ahead of Fed Decision

U.S. stock indexes in volatile trading advanced as anxious investors await the Fed's rate hike decision tomorrow and comments indicating how far the central bank is willing to go by the year's end.