Taiwan Semiconductor Q3 Net Income Soars 80%

Taiwan Semiconductor said the U.S. export controls to China are manageable after the company won one year exemption.

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On Wall Street Stocks Staged Stunning Reversal

In a stunning reversal, major averages rebounded from morning losses of 3% to close up above 2% on the hopes of peaking inflation. September inflation stayed near the recent highs, despite five rate hikes in the last seven months.

Movers: Applied Materials, Albertsons, Delta Air, Domino's Pizza, Victoria's Secret, Walgreens

Applied Materials lowered its quarterly sales outlook on new China export restrictions. TSMC reported a surge in revenue, gross margin and profit. Victoria's Secret guided operating earnings towards the upper end of the guidance.

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Stocks Rebound On Peak Inflation Hopes

Major averages reversed 3% losses to jump as high as 1.4% on the hopes of peaking inflation despite the core consumer prices inching higher to a new four-decade high.

Inflation Worries Drag Major Averages to New 2022 Lows

Major averaged extended losses for the sixth day in a row and dropped to new lows ahead of the widely anticipated consumer price inflation report.

Stocks Look Beyond Elevated Wholesale Inflation Data

Wholesale inflation remained elevated as cost of services jumped and inflation seeped deeper in the economy. Consumer price increases are also expected to show wider reach of inflation in the economy on Thursday.

Wall Street Gloom Sinks Averages to New 2022 Lows as Global Sell-off Continued

Benchmark indexes extend losses for the fifth day in a row ahead of the inflation report on Wednesday. Crude oil dropped 3% but lumber rebounded to a 3-week high. The British pound faces more headwinds.

Movers: Leggett & Platt, Las Vegas Sands, Uber, Walgreens, Zscaler

Casino stocks dropped on China worries. Walgreens completed the purchase of its remaining stake in CareCentrix. Leggett & Platt lowered its annual outlook. Gig-worker centric companies after the proposed rule change by the Department of Labor.

Stocks Lack Momentum and Direction Ahead of Inflation Report

U.S. stocks trimmed morning losses in volatile trading and bond yields edged down ahead of inflation report on Wednesday.

Rate Anxieties and Recession Worries Drag Indexes Lower

Rate anxieties, elevated inflation and recession worries dominated stock trading. Treasury bond yields rose and traded near 14-year peak. The dollar continued its advance against all major currencies.

Stocks Slide Ahead of Earnings Season Kick-off

Tech stocks led the decliners as the rate path worries and China export controls drag the Nasdaq Composite index to a two-year low.

Major Averages Trim Weekly Advance, Strong Dollar Fuels Global Inflation

Major averages post weekly advance despite Friday's sell-off. The U.S. dollar gained and crude oil jumped 5% on stronger-than-expected September's jobs report. World markets brace for higher commodities and stronger dollar in the week ahead.

Movers: Ambac, AMD, Credit Suisse, Levi's, Tilray

Ambac agreed to settle a case with Bank of America linked to Countrywide Financial prior to its acquisition. AMD lowered its annual outlook. Credit Suisse plans to buyback senior debt.

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European Markets Trim Weekly Rise, Euro and Pound Trend Lower

European markets confront slowing retail sales and industrial output in Germany and elevated home prices in the U.K. Major averages in Europe dropped on Friday but gained in the week.

S&P 500, Nasdaq Plunge 3% On Rate Path Worries After Jobs Report

Major averages dropped more than 3% after September jobs report confirmed labor market strength, fueling rate hike fears. The U.S. dollar advanced and crude oil jumped 4%.