U.S. Stocks Lack Direction, Central Bankers Talk Tough

U.S. stocks lacked direction and the first quarter real GDP decreased at an annual rate of 1.6% after the third and final estimate. Central bankers talked tough on inflation but failed to accept their role in fueling inflation after a decade of loose monetary policy.

European Indexes Turn Lower After Inflation In Spain Reaches a 37-Year High

European indexes declined after Spain reported a 37-year high inflation and German inflation was near record high in June. The economic sentiment indicators dropped both the EU and the euro zone.

Asian Markets Sentiment Deteriorates On Oil Price Rise Resumption, Currencies Fall

Markets in Asia closed down after the crude energy prices resumed the advance and currencies in the region extended losses after the U.S. dollar gained. The yen dropped to a new 22-year low and the rupee fell to a record low. Currencies in Thailand, Indonesia, and Philippines remained depressed.

S&P 500 Down 2%, Nasdaq Drops 3% as Bear Market Rally Fizzles

Major market averages turned negative after the consumer confidence index dropped for the second month in a row and expectations index plunged to a nine-year low. Crude oil extended gains on the expectations of rising demand from China.

U.S. Stocks Mixed as China Relaxes Covid Restrictions

U.S. stocks wavered after the early bounce dissipated following weak consumer confidence data. Crude oil prices continue to march ahead after China eased restrictions for inbound travelers.

European Markets Retain Positive Bias, ECB's Lagarde Highlighted Gradual Approach

European markets traded higher on China optimism. Energy priced advanced. The ECB President Christine Lagarde played down recession risk in the euro zone and added that the central bank is ready to lift rates higher and faster if inflation continues to accelerate.

U.S. Stocks Waver, Oil Price Rebound Likely to Persist

U.S. stocks lacked direction on Monday after a week of strong gains. Durable goods orders rose more than expected in May. The U.S. dollar held firm against the euro and the yen.

European Markets Lose Early Momentum

European markets lost early momentum after worries of higher and faster interest rates eased. Resource stocks gained on the expectations of higher demand from China as economic activities rebound after several months of lockdown.

Best One-Day Gain In S&P 500 In Two Years

The S&P 500 index delivered its best one-day gain since May 2020 and completed the week with a rise of 6.5% after a consumer sentiment survey showed a slight moderation in inflation expectations.

Movers: CarMax, Carnival Cruise, FedEx, LendingTree, Microsoft, ZenDesk

Carnival Cruise reported its best quarterly bookings. FedEx quarterly results were mixed but held out for a stronger annual outlook. ZenDesk agreed to go private. LendingTree lowered its quarterly revenues outlook.

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S&P 500 Jumps 2% On Lower Rate Expectations

The S&P 500 and the Nasdaq Composite indexes extended weekly gains after a tumultuous month of trading. The consumer sentiment level dropped to the lowest level on record but also showed moderate inflation expectations for the year.

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European Markets Advance, Spain's Growth Slows, UK Retail Sales Fall

European markets extended gains after investors looked beyond elevated inflation and recession. Spain's economic growth in the first quarter slowed. UK retail sales eased after food prices surged.

Asian Markets Rebound, Japan Inflation at 7-Year High

Asian stock markets advanced on weaker commodities prices and earnings optimism for the current quarter. Consumer inflation in Japan stayed at 7-year high. Tech stocks in China and Korea led the gainers.

U.S. Stocks and Bonds Rise After Powell Comments

U.S. stocks accelerated gains in the final hour of trading after bond yields fell. Stocks advanced after the Fed Chairman talked tough on inflation and Fed officials called for aggressive rate increases. European markets fell more than 1% after a sharp decline in business activities.

Accenture Lifts Annual Revenues Outlook, Lifts Dividend 10%

Accenture reported strong revenues and earnings growth in the latest quarter and raised sales outlook for the fiscal year and narrowed earnings estimates.

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