Retail Earnings Power Market Rebound

Stocks struggled to stay in the positive territory and prices for crude oil fell but natural gas rose. Better-than-expected quarterly results from Home Depot and Walmart lifted market sentiment.

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Stocks Inch Higher, Oil Drops On China Worries

Stocks extend gains. China trimmed key lending rates after the latest economic data suggested a weakening rebound in economic activities. Crude oil fell 3%. Home builders confidence declined for the eighth month in a row.

China Unexpectedly Cuts Rates On Slow Economic Rebound

China unexpectedly cut rates for the first time since January after industrial production and retail sales slowed in January. Despite the easing of lockdown conditions over the last three months, the economic activities rebound is weaker than anticipated.

Weekly Rise of 3% In S&P 500 and Nasdaq Indexes

Benchmark indexes closed up 3% in the week and extended two-month advances. Bond yield inched lower and crude oil and natural gas prices closed down. Investors are hoping the sliding energy prices are easing press

Toast Lifts Annual Outlook After Quarterly Loss Shrank

The restaurant payment platform operator said second quarter loss shrank after gross payment volume soared 62%.

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Poshmark's Active Customers Jump 14%

The social commerce fashion platform operator of new and secondhand apparel and accessories said gross volume rose 8% in the second quarter.

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Olo Plunged 33% On Weak Annual Outlook

The restaurant software company lowered its annual sales outlook and said quarterly loss expanded.

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Mister Car Wash Swung to Quarterly Loss, Adds 59,000 Members

The car wash chain added 59,000 net new customers in the quarter and 185,000 in the first six-months of 2022 but lowered its annual revenues outlook.

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LegalZoom.com's Quarterly Loss Shrank

The online legal forms provider said quarterly loss shrank and lowered its revenue estimate. Average order value increased 5%.

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Illumina Lowered Annual Revenue Growth Estimate and Forecasted Loss

Illumina plunged 20% after the genetic-sequencing company lowered annual revenue growth estimate. The company also increased its reserve for legal expenses.

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On Wall Street Stocks Extend 8-week Rally

The S&P 500 index is set to extend its winning streak to the fourth week in a row and gains for the eighth week from the lows in mid-June. Inflation peaking narrative is driving the two-month-long market rally.

Six Flags Park Attendance In Second Quarter Plunged 22%

Six Flags said revenues in the second quarter declined 5% and net income dropped 36% on weak amusement park attendance.

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Warby Parker Second Quarter Loss Expands, Revenues Rose 14%

The online eyewear retailer reported second quarter revenues rose and loss expanded on higher costs. The retailer also lowered full-year 2022 revenue growth outlook.

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Bumble Quarterly Loss Shrank, Lowers 2022 Revenue Outlook

The dating app operator lowered its full-year 2022 revenue outlook and net the second quarter estimate. Total paying users increased and average revenue per user also edged higher.

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Walt Disney Net Jumps 53%, Free Cash Flow Falls

Walt Disney Said revenues in the fiscal third quarter rose 26% and net income soared 53% but free cash flow plunged on the rising capital expenditures.

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