Tag: Earnings

Wall Street Flips the Script & Enjoys a Rally – Weekly Update

October 24, 2022 | By Steven DiGregorio

A positive start to a new earnings season and late-week hopes for a near-term easing in Fed rate hikes lifted investors’ spirits and powered stocks to gains for the week. The Dow Jones Industrial Average jumped 4.89%, while the Standard & Poor’s 500 advanced 4.74%. The Nasdaq Composite index added 5.22% for the week. The […] READ MORE

Mixed Week for Markets; Jobs on The Rise – Weekly Update

August 8, 2022 | By Steven DiGregorio

Weekly Market Insights Stocks turned in a mixed performance last week as investors struggled with headlines suggesting that the Fed was unlikely to soon ease up on its current monetary tightening policy. The Dow Jones Industrial Average slipped 0.13%, while the Standard & Poor’s 500 rose 0.36%. The Nasdaq Composite index picked up 2.15% for […] READ MORE

Markets Rally, Earnings Better Than Expected – Weekly Update

August 1, 2022 | By Steven DiGregorio

Stocks Rally on Earnings It was an inauspicious start to the week after a big-box retailer missed earnings and reduced forward guidance on Tuesday, sparking a broad market retreat. But sentiment improved following mega-cap technology company earnings that proved better than expected. Enthusiasm gathered steam in the wake of the Fed’s 0.75% rate hike, boosted […] READ MORE

Markets React to Dim Forecast, 2Q Reports – Weekly Update

July 25, 2022 | By Steven DiGregorio

Earnings Propel Stocks Earnings season kicked off last week, with major banks reporting second-quarter results. While their results were mixed, they appeared to indicate that consumers and businesses remained reasonably healthy–a perspective that helped erase some negative sentiment overhanging the market. As the week progressed, stocks gained momentum as earnings results poured in from different […] READ MORE

Friday Rally Stems Week of Losses – Weekly Update

July 18, 2022 | By Steven DiGregorio

Stocks Slide As the week opened, recession fears intensified with reports of renewed Covid-related lockdowns in China. Also, the U.S. dollar continued to climb, reflecting global economic weakness. June’s consumer price index report showed price increases accelerating. Year-over-year prices jumped 9.1%, the fastest pace in over 40 years. Speculation grew that the Federal Reserve might […] READ MORE

Economy Slows; Stocks Retreat – Weekly Update

May 2, 2022 | By Steven DiGregorio

Stocks Slide Trading was volatile in the final week of April as investors struggled with the crosscurrents of global economic growth anxieties stemming from widening COVID-related lockdowns in China and a fresh batch of corporate earnings reports. Monday set the tone for the week. Stocks staged an intraday reversal, wiping out a deep morning decline […] READ MORE