Walmart Lowered Profit Outlook, Inflation Affects Consumer Spending Pattern

Walmart lowered its second quarter and full-year earnings outlook. Higher food and fuel prices are affecting consumer spending, requiring more price cuts on apparel and other goods. Strong dollar is impacting international sales.

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U.S. Stocks Waver Ahead of Rate Decision and GDP Data

U.S. benchmark indexes lacked direction ahead of the release of GDP data and Fed's interest rate hike later in the week.

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Tech Weakness Drags U.S. Stocks Lowe, European and Asian Markets Gain

Tech companies relying on advertising fell after Snap and Twitter reported weak advertising revenues. European markets gained despite deepening slowdown in the private sector. Earnings optimism drives Asian markets higher.

U.S. Movers: American Express, Boston Beer, Intuitive Surgical, Schlumberger, Seagate, Snap, Twitter

American Express advanced on higher spending by card members. Boston Beer lowered its annual outlook. Schlumberger lifted annual outlook. Seagate Technology fell on weaker-than-expected results and outlook.

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Tech Rally On Hold After Weak Results from Twitter and Snap

The Nasdaq and the S&P 500 index halted weekly advanced after Snap reported wider quarterly loss and slower advertising revenues.

D.R. Horton Sales Rise 21%, Guides Weaker Quarter On Cooling Demand

The largest home builder D.R. Horton guided weaker sales outlook after home demand began to ease since June and cancellation rates rose.

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Tech Powered Rally On Wall Street

Benchmark indexes closed higher after tech stocks gained. Initial claims of jobless benefits rose and crude oil and natural gas prices eased.

American Airlines Reports Record Revenues and Emphasizes Debt Repayment

American Airlines flew more than 53 million passengers in the second quarter and reported record second quarter revenues.

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European Markets Waver After Larger Rate Hike and Italian Political Turmoil

European markets wavered after the ECB lifted rates by 50 basis points, the first rate increase in eleven years. Russia resumed natural gas flow easing pressures in the energy markets. Italy is likely to head for a general election as early as September.

Recession Worries Resurface After Latest Earnings

U.S. stocks lacked direction and popular indexes traded near six-week high. The European Central Bank lifted rates for the first time in 11 years but also showed preparedness to fight bond market stress and Japan left its rates unchanged.

Tesla Net Income Doubles On 42% Rise In Sales

Tesla sales and earnings surged despite supply challenges and extended shutdowns in China.

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S&P 500 Closes at 5-week High, Rapid Decline in Housing Market

The S&P 500 and the Nasdaq indexes closed at five-week highs as the earnings season gathers pace. Existing home sales declined in June and mortgage applications plunged as more buyers are priced out.

Movers: Baker Hughes, Bath & Body Works, Nasdaq, Netflix, Tesla

After the close, Tesla reported 42% rise in sales and quarterly earnings jumped 98%. Bath & Body Works trimmed second quarter and annual outlook. Netflix quarterly subscriber loss slowed.

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European Markets Fall, Draghi Survives Confidence Vote but Coalition Breaks

European markets lost early momentum after Italian Prime Minister won the confidence vote in Senate but three parties boycotted the election.

Nasdaq Jumps 1%, Netflix Soars 7%

The S&P 500 and the Nasdaq Composite index advanced and investors digest fresh batch of earnings. Mortgage demand fell to the lowest levels seen in 22 years.