Global Markets Await Rate Decision, Recession Worries Loom

World markets await the Federal Reserve rate-path direction and views on the inner working of the U.S. economy and inflation drivers. Investors are also looking for more clues on the Fed's plan to shrink its balance sheet.

Movers: Avis, BP, Diageo, Goodyear, Molson Coors, Uber

Goodyear Tire net dropped on rising product costs and strong dollar. Uber Technologies gross monthly booking rose driven by higher demand for transportation and delivery.

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U.S. Indexes and Yields Waver, Strong Jobs and Manufacturing Reports

The latest JOLT survey showed job openings increase in September and a private survey showed manufacturing growth slowed to the slowest pace since May 2020.

Wall Street Looks Down Ahead of Rate Hike, Treasury Yields Rebound

On the final day of October, benchmark indexes eased after strong advances in the previous week. Treasury yields edged higher ahead of the widely anticipated rate hike on Wednesday.

Eurozone Inflation Accelerates and Growth Slows, Stocks Advance

The consumer price inflation in the eurozone rose to a record high in October and the third quarter growth rate was cut in half.

Deckers Falls After Conservative Guidance, Quarterly Sales Up 21%

The footwear maker reported nearly flat earnings and sales rose 21% in the fiscal second quarter ending in September. UGG, HOKA and Teva brands drove quarterly sales growth.

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U.S. and Global Stocks Power Ahead as Investor Sentiment Improves

Benchmark indexes jumped after a measure of inflation was steady. Despite the challenging economic fundamentals, indexes closed higher for the third time in the last four weeks.

Major Average Advance 4th Day In a Row, Pending Home Sales Plunge

Benchmark indexes powered ahead on the back of stable inflation and rising earnings from energy companies. Tech stocks eased after Amazon.com forecasted weak fourth quarter sales.

Movers: Amazon.com, Apple, Chevron, ExxonMobil, Intel, Deckers Outdoor

Deckers Outdoor reiterated its full-year outlook. Intel net income plunged and lowered its 2022 sales outlook. Chevron net income more than doubled. Exxon Mobil net income jumped nearly three-fold.

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Apple Third Quarter Sales Rise 8%, iPhone Sales Up 10%

Apple sales rose in every region of the world except Japan, despite the supply chain issues, inflation worries and zero-Covid lockdowns in China.

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Amazon.com Plunges 18% On Fourth Quarter Slow Growth Outlook

Amazon.com said third quarter sales increased 15% but net income fell 9.3%. The online retailer guided fourth quarter sales to rise between 2% and 8%

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After Hours: Amazon.com, Apple, DexCom, Mastercard

Amazon guided weak fourth quarter sales growth. Apple earnings were ahead of expectations. DexCom third quarter revenue and earnings rose.

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GDP Rebound Fails to Ease Recession Fears, Tech Sell-off Continues

Benchmark indexes closed lower after the third quarter GDP rebounded but key economic drivers weakened and failed to ease fears of a recession.

Movers: Ford Motor, Meta, McDonald's, Morningstar, O'Reilly Auto, Raymond James, Shopify, Teladoc

Facebook parent plunged on earnings and future revenue growth worries. Teladoc Health said quarterly loss narrowed. Shopify gross merchandise volumes and payments rose.

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Stocks Cheer Economic Rebound, Yield Ease on Slower Rise In PCE

U.S. GDP rebounded to 2.6% annual rate after falling for two previous quarters in a row. The rebound was helped by the improvement in net trade and resilient consumer spending and business investment.