Stock Market Overview
Sun, Aug 7th, 2022
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Stocks Settle Mixed as Recession Fears Ease on Strong U.S. Payroll Report
Barchart - Fri Aug 5, 3:37PM CDT
What you need to know…
The S&P 500 Index ($SPX) (SPY) on Friday closed down -0.16%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.78%.
U.S. stock indexes on Friday settled mixed. Stock indexes were under pressure Friday as the stronger-than-expected U.S. July payroll report bolsters the outlook for the Fed to raise interest rates by another +75 bp at the September FOMC meeting. In addition, higher T-note yields undercut stocks as the 10-year T-note yield jumped to a 2-week high of 2.867% on strength in U.S. payrolls and continued wage pressures.
Fresh tensions with China also weighed on U.S. stocks. Friday, China escalated tensions with Taiwan as it continued its provocative military drills and sent warships and aircraft across the Taiwan Strait's median line. China also cut off defense talks with the U.S. in retaliation for House Speaker Pelosi's visit to Taiwan.
The stronger-than-ex... Read more
Peloton's Unusual Call Volume Implies the Stock Will Move Higher
Barchart - Sun Aug 7, 2:15PM CDT
Peloton's unusual call volume for the Aug. 12 expiration implies investors believe the stock will move higher. Peloton said on Aug. 4 that it will announce its Q2 earnings on Aug. 25. So why the rush?
China July exports rise, with trade surplus at record-high
AP - Sun Aug 7, 8:29AM CDT
BEIJING (AP) — China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data.
Stock Market This Week: Five Themes to Watch
Barchart - Sun Aug 7, 8:00AM CDT
Amid escalating geopolitical tensions sparked in part from the prior week’s events, all eyes are on the Federal Reserve again as it navigates a perplexing economic situation.
How to understand Friday's stock market reaction after the Non Farm Payroll report
Astocks92 - Sat Aug 6, 9:40AM CDT
What was the reason the stock market immediately sold off at 8:30 AM EST? Is the Federal government telling us the truth about not being in a recession, or are we heading into one with the upcoming decisions?...
Ukraine grain shipments offer hope, not fix to food crisis
AP - Sat Aug 6, 2:45AM CDT
BEIRUT (AP) — A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. But it's getting attention because of where it came from: Ukraine’s of Odesa.
Storms ground US air travelers as airlines cancel flights
AP - Fri Aug 5, 5:40PM CDT
NEW YORK (AP) — Tens of thousands of flyers had their travel plans upended Friday after airlines canceled about 1,400 U.S. flights as thunderstorms hit the East Coast.
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