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Shares of Target Corp (TGT.N) tumbled 13.1% after the big-box retailer forecast a surprise drop in holiday-quarter sales. The S&P 500 consumer discretionary sector (.SPLRCD) shed 1.5%. The S&P 500 information technology sector (.SPLRCT) fell 1.4% and the Philadelphia SE Semiconductor index (.SOX) sank 4.3%. Elsewhere in retail, shares of Lowe's (LOW.N) rose 3% after the home improvement company raised its annual profit forecast. The S&P 500 posted 3 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 71 new highs and 133 new lows.

☆ Wall Street ends sharply higher on sign of cooling inflation
▼ + stars: | 2022-11-10 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

One-time Wall Street darlings tarnished in 2022's bear market were among Thursday's strongest performers, with Nvidia (NVDA.O) jumping about 14%, Meta Platforms (META.O) climbing 10% and Alphabet (GOOGL.O) rising 7.6%. Growing recession worries have hammered Wall Street this year. The S&P 500 (.SPX) remains down about 17% year to date, and it is on course for its biggest annual decline since 2008. S&P 500's busiest tradesThe S&P 500 climbed 5.54% to end the session at 3,956.31 points. All 11 S&P 500 sector indexes rallied, led by information technology (.SPLRCT), up 8.33%, followed by a 7.74% gain in real estate (.SPLRCR).

☆ Here's where the jobs are for October 2022 — in one chart
▼ + stars: | 2022-11-04 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Manufacturing jobs increased by 32,000 last month, boosted by gains in the durable goods industry, according to the Labor Department. The health-care and social assistance sector also enjoyed strong gains, adding 71,100 jobs last month. By itself, the health-care sector gained 53,000 jobs in October, boosted by growth in ambulatory health-care services, as well as nursing and residential-care facilities. Jobs growth in the sector was mainly driven by an increase in accommodation jobs, which added 20,000 last month. Professional and business services also was a standout sector, adding 39,000 jobs in October.

☆ Hill: Weakness from Microsoft and Alphabet is making us rethink expectations for earnings estimates overall
▼ + stars: | 2022-10-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHill: Weakness from Microsoft and Alphabet is making us rethink expectations for earnings estimates overallZachary Hill of Horizon Investments discusses how the markets keep trying to trade on the peak inflation narrative, but may be setting themselves up for another head fake.

☆ Wall St rises as data hints at Fed policy progress
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes were higher at the top of a week jam-packed with high profile corporate earnings and crucial economic data. Among the 11 major sectors in the S&P 500, healthcare (.SPXHC) was enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 297 new lows.

☆ Wall Street Week Ahead: Megacap earnings to test fledgling U.S. stock rebound
▼ + stars: | 2022-10-21 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Top stocks' market value as percentage of S&P 500The S&P 500 is up nearly 5% from its Oct 12 closing low for the year after posting its biggest weekly gain since late June. Even with stocks' latest rebound, the index has dropped 21% so far in 2022, on track for its biggest decline since 2008. Yields continued to rise this week, with the yield on the benchmark 10-year Treasury note hitting a fresh 14-year high. All four stocks command higher valuations than the S&P 500, which trades at nearly 16 times forward earnings estimates. The P/Es for Apple and Microsoft are both about 22 times, Alphabet trades at 17.5 times, while Amazon sits at 60 times, according to Refinitiv Datastream.

☆ Wall Street ends lower as Fed worries outweigh earnings
▼ + stars: | 2022-10-20 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

The New York Stock Exchange building is seen from Broad Street in Lower Manhattan in New York, January 20, 2016. But stocks were unable to hold their gains as strong weekly jobless claims and comments from Federal Reserve Bank of Philadelphia President Patrick Harker bolstered concerns about the Fed hiking rates and potentially tilting the economy into a recession. Better-than-expected results thus far has pushed earnings growth expectations for third-quarter for S&P 500 companies to 3.1% from a 2.8% increase earlier in the week, but still well below the 11.1% increase that was forecast at the start of July. Other data showed sales of existing homes fell for an eight straight month, while another reading showed factory activity in the Federal Reserve Bank of Philadelphia's district contracted again in October. The S&P 500 posted 3 new 52-week highs and 28 new lows; the Nasdaq Composite recorded 53 new highs and 239 new lows.

☆ Traders get no reprieve from volatility as CPI sends U.S. stocks on wild ride
▼ + stars: | 2022-10-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Despite the upside move, "this sort of volatility makes markets feel a lot less rational and undermines confidence,” said Michael Farr, CEO of Farr, Miller and Washington LLC. Reuters GraphicsIndeed, despite the S&P 500’s wild ride on Thursday, the most recent inflation data does little to help the case for battered stock market bulls. The International Monetary Fund earlier this week flagging the risks of “disorderly asset repricings” as global central banks tighten monetary policy. Still, some investors have been looking past the short-term gloom, citing discounted valuations on U.S. stocks as one reason for cautious optimism. The market's focus will next turn to a pivotal third-quarter corporate earnings season to help support stock prices.

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