Stock Trading Hits 2022 Low Before Fed, Earnings: Markets Wrap
- Apple, Alphabet among companies reporting results this week
- Walmart tumbles in late trading after cutting profit outlook
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Stocks wavered in a choppy session as traders braced for earnings from technology bellwethers amid the threats of a hawkish Federal Reserve, scorching inflation and a looming economic recession.
Traders turned more cautious after last week’s rally, with the S&P 500 closing slightly higher amid the lowest intraday volatility and volume of the year. The Nasdaq 100 underperformed ahead of results from the likes of Apple Inc. and Google’s parent Alphabet Inc. In late trading, Walmart Inc. tumbled after cutting its profit outlook. Ten-year US yields halted a two-day plunge.