U.S. Stocks Lack Direction Amid Conflicting Economic Data

Stocks struggle to gather momentum as investors study conflicting economic data. Labor market conditions remain tight and consumer spending is holding up in the face of high inflation but bond yields are rising rapidly.

Stocks, Bonds, Oil Look Down

Global markets trade lower on the rising economic uncertainties, deepening energy crisis in Europe, persistent lockdowns in China and rising rates in the U.S.

Slight Rebound in Stocks A Day After Sell-off, 2-year Yield at 15-year High

Benchmark indexes closed higher after a choppy day of trading. 2-year Treasury yield inched up to a high not seen since 2007.

Movers: Home Builders, Railroads, Nucor, Starbucks, Twilio, United Airlines

Homebuilders extended losses for the second cay after mortgage application volumed dropped by a third. Railroads declined ahead of a possible worker strike. Nucor lowered its earnings outlook.

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Stocks Wavered, Investors Rattled, Yields Spiked

Stocks on Wall Street lacked direction a day after benchmark indexes dropped the most in more than two years.

S&P 500 Plunges 4%, Nasdaq Drops 5%

Benchmark indexes plunged in a vicious sell-off after investors feared that the Federal Reserve may have to accelerate and enlarge the current rate hike regime.

Hot Inflation Lifts Treasury Yields and Deepens Stock Sell-off

Consumer prices rose at a slower pace in August but remained elevated driven by rising cost of food and shelter. Treasury yields surged and the stock sell-off deepened on the worries that high prices are rapidly spreading in the broader economy.

Wall Street Extended 4-day Rally Ahead of Inflation Report

Stocks extended gains for the fourth day in a row ahead of the CPI report tomorrow on optimism about a slowdown in inflation.

Movers: Amgen, Bristol-Myers, Carvana, Gilead, Twitter

Gilead settled patent litigation with five generic drugmakers. Bristol-Myers won a regulatory approval for its oral treatment for plaque psoriasis.

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Wall Street Stocks Extend Gains On Weaker Inflation Hopes

Tech and resource stocks led the gainers for the third day in a row on the hopes of cooling inflation ahead of the CPI data tomorrow.

High-priced Furniture Retailer RH Guides Larger Sales Decline

Formerly known as Restoration Hardware guided larger sales decline in the third quarter and said it plans to refrain from discounting in the current promotional environment.

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Hooker Quarterly Sales and Income Struggle

Hooker quarterly shipments rebounded as Asian factories began to resume normal schedules. Domestic upholstery division's backlog was five times pre-pandemic levels.

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Casey's General Quarterly Net Jumps 28%

The Midwestern convenience retail chain said revenues soared 40% and earnings jumped 28% in its latest quarter ending in July.

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Global Markets Rally On Optimism

Stocks rebounded after trading down for weeks and investors factor higher rates and slower economic growth as a new backdrop for the business environment.

U.S. Indexes Extend Weekly Gains, Crude Oil Rebounds

Investors remain skeptical of the Fed's ability in bringing down sky-high inflation, despite forceful reminders from the Fed Chair Powell. The U.S. economy is likely to be saddled with low growth for a decade ahead.