U.S. STOCKS REBOUND AFTER WORST DAY SINCE JUNE 2020
09-15 12:00uSMART

The Dow closed up 30.12 points, or 0.10%, to 31,135.09 points; the Nasdaq rose 86.10 points, or 0.74%, to 11,719.68 points; the S&P 500 rose 13.32 points, or 0.34%, to 3,946.01 points

 

MACRO

US Markets recovered from the prior session, with all three major benchmarks closing in the green

EU Markets extended its losing streak, even as UK inflation unexpectedly slowed down in August    

Asia Markets were lower across the board, with the Hang Seng Tech Index leading overall losses

US Producer Price Index fell 0.1% in August, recording its second consecutive decline as the cost of gasoline continued to fall  

 

SECTORS

Gold prices continued to fall, trending below the 1700 levels as the dollar resumed its rally  

WTI Crude Oil rose 2% overnight on supply concerns and softening demand from the Chinese economy

 

COMPANY

Johnson & Johnson rose 2% following its decision to repurchase up to $5 billion of its common stock

Twilio jumped more than 10% following the company’s decision to lay off 11% of its workforce

Nucor sank 11% having issued underwhelming guidance for the third quarter, with earnings to come in between $6.30-$6.40 per share

 

EVENTS 

Today’s Earnings:

  • Adobe(ADBE.US)

 

Economic Calendar (16 September 2022)

  • China Industrial Production YoY (August)
  • United Kingdom Retail Sales MoM (August)
  • US Michigan Consumer Sentiment Preliminary (September)

 

Disclaimer:

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