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



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  



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



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



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)



The information contained in this article has been obtained from public sources which the writer has no reason to believe are unreliable and any analysis, forecast, projections, expectations and opinion (collectively “Research”) contained in this article are based on such information and are expressions of belief only. The writer has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in this presentation is subject to change, and the writer shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will the writer be liable for any loss, including any special, indirect, incidental or consequential damages, which may be incurred from the use of the information or Research made available.


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