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.

Bond Yields In Focus After Powell's Speech, Stocks Look Beyond Fed's Next Move

Stock markets are increasingly looking beyond the next rate move and crude oil prices edged from the recent 7-month low.

Dave Buster's Quarterly Net Income Drops On Higher Expenses

The restaurant chain operator said quarterly income declined on higher payroll, store operating and other general expenses.

PLAY

American Eagle Outfitters Plans to Cut Staff and Expense After Quarterly Loss

The apparel retailer guided lower gross margins in the next two quarters on higher than usual markdowns. The company plans to cut store payroll, corporate expenses and advertising.

AEO

Movers: American Eagle Outfitters, Asana, Dave & Buster's, GameStop, McCormick, Regeneron Pharma

American Eagle Outfitters dropped on higher markdowns and weaker outlook. GameStop reported wider loss. McCormick lowered its annual outlook.

Fed's Hawkish Comments Fail to Dampen Market Advance

Stocks turned lower after hawkish comments from the Fed Chair Powell. Investors are still skeptical despite the Fed's persistent reiteration of its commitment in fighting high inflation.

GitLab Revenues and Loss Surge

GitLab said revenues rose in the July quarter but losses surged as well.

U.S. Stocks Advance Overcoming Rate Hike Worries, Oil Plunges 6%

The Nasdaq Composite index halted a 7-day slide and tech stocks rebounded after crude oil plunged. Oil prices plunged 6% and extended 10-day slide to 16% from its recent peak on Aug 29.

Movers: Baxter, Coupa Software, Dexcom, Gitlab, Ross Stores, Twitter, Starbucks, United Airlines

United bumped up its third quarter revenues outlook on higher summer travel demand. Twitter trial is set to proceed after a Delaware judge disallowed Musk's request to postpone.

BAX DXCM ROST TWTR SBUX

Stocks Brave Higher as Markets Anticipate Larger Rate Hikes

Crude oil drops to a six-month low as central banks around the world are set to lift rates battling four-decade high inflation.

Yields Rise, Stocks Fall After Service Report, Stronger Dollar Another Hurdle for Global Markets

Global financial markets struggle to adjust to the rising dollar, driving the Japanese yen, the U.K. pound and the euro to lows not seen in decades.

Movers: 1800Flowers, Apple, Bed Bath & Beyond, Datadog, Illumina, Lululemon, Okta, Signify

Illumina plans to appeal the European regulator's decision to reject the GRAIL deal. Apple is scheduled to release a new iPhone tomorrow. Signify Health agreed to be acquired by CVS.

DDOG OKTA ILMN SGFY

Stocks Wavers, Bond Yields Rise, Crude Eases

In volatile trading, benchmark indexes lacked direction, bond yields rose and energy prices eased.

S&P 500 Down Third Week In a Row, Nasdaq Falls 6th Day Straight

Benchmark indexes extended losses for the third week in a row as investors shifted focus to the Fed's next move after the latest jobs report showed slower but solid job additions in August.

1-800-Flowes.com Drops to Eight-year Low After Quarterly Results

The online florist and gift retailer swung to a net loss after the company struggled to integrate recent acquisitions and battled rising operating and digital marketing costs.

FLWS