Advance Auto Net Drops 35%, Retailer Pushes More Store Brands

Advance Auto said third quarter sales declined after the company sold more of store branded products. The company reiterated its annual sales outlook and its plans to open new stores.

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Major Averages Down On Retail Weakness, Target Net Income Fell 50%

Retail sector stocks led the decliners after Target quarterly earnings plunged 50% and guided weak holiday sales.

Cooler Inflation Sparked Stock Rally Cut by Missiles Landing In Poland

Benchmark indexes advanced after the second measure of inflation showed a slight cooling. The lighter-than-expected wholesale inflation follows the declining pace of consumer price inflation released last week.

Stocks Soar On Wall Street After Wholesale Inflation Cools

The Producer Price Index rose at the slowest pace in fifteen months. The yields on short term and medium term Treasury declined.

Amazon Layoff Drags Tech Stocks, Fed Comments In Focus

Benchmark indexes sold-off in the final hour of trading and large tech stocks led the decliners. Bond yields rebounded after Fed officials reaffirm central bank's commitment in fighting inflation.

Stocks Lack Direction On Wall Street, Bond Yields In Focus On Rate Expectations

After a week of surge, stocks lacked direction on Wall Street and debate on the future rate path raged on. Treasury yields edged up higher and the dollar inched lower.

Week: S&P 500 Advanced 6.1%, Nasdaq Soared 8.8%

World markets extended weekly gains in Friday's trading and major indexes advanced for the second day in a row on the hopes of slower future interest rate hikes. The collapse of FTX reverberates around the world with billions of losses.

Oil Jumps After China Eases Mobility Restrictions, FTX Files Bankruptcy

Major averages on Wall Street lacked direction and crude oil price jumped after China eased stringent coronavirus-linked mobility restrictions.

Moves: Beazer Homes, Doximity, Duolingo, LegalZoom, US Bancorp, Wynn Resorts

Beazer Homes said gross margin rose on higher average home sale price. Doximity launched a stock repurchase plan. Duolingo offered a cautious outlook. LegalZoom quarterly loss shrank.

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Nasdaq Soars 7% On One Sign of Moderating Inflation

Major averages soared after inflation moderated in October and raised the prospects of slower interest rate hikes. The dollar eased and gold advanced. Treasury yields fell for short and long durations.

Movers: Bumble, Dutch Bros, Rivian Automotive, Six Flags, Tapestry, WeWork, ZipRecruiter

ZipRecruiter expanded its stock repurchase program. Tapestry lowered its annual outlook. Rivian reported quarterly loss shrank and reiterated its annual production outlook.

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S&P 500 Surges 4% After Rapid Inflation Cooled

Consumer inflation eased in October on a monthly and annual basis but stayed elevated as rapid price increase spread to the cost of housing and services with no sign of abating.

S&P 500, Nasdaq Drop 2% After Republicans Advance Failed Short

Major averages dropped more than 2% after Republican lawmakers anticipated broader sweep of the Senate and the House failed short of expectations. Crude oil dropped 3% and Treasury yields edged lower.

Movers: D R Horton, Hanesbrands, Meta, Roblox, SeaWorld, Walt Disney

Disney forecasted streaming services to become profitable in the current fiscal year after losses surged. D R Horton new home backlog and orders rose despite rising cancellation rates.

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Republicans Expected Red Wave Failed to Swell, Stocks Drop

Republicans expected the Red wave to sweep midterm elections but voters disagreed. Stocks dropped. Energy prices extended losses for the third day. Meta Platforms began mass layoffs.