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The selling in stock markets looks poised to continues, warns veteran strategist Sam Stovall.

The retail giant on Monday said its 48-hour “Prime Early Access Sale” will take place Oct. 11-12 for members of its Prime subscription program.

The Treasury sold $43 billion in 2-year notes at a high yield of 4.29% – nearly a full percentage point above last month’s auction levels.

U.S. stocks fell Monday, with tech shares failing to hold a morning bounce and the Dow Jones Industrial Average on track to finish the trading session in a bear market. The Dow Jones Industrial Average (DJIA) was down 370 points, or 1.3%, at 29,218 trading near the session’s low. A close at or below 29,439.72 would mark a 20% pullback from its Jan. 4 record close, meeting widely used criteria for entering a bear market.

U.S. stocks and oil prices declined in choppy trading on Monday, even as the dollar and Treasury yields rose, as Wall Street digested a raft of what it read as negative macroeconomic news. With markets already jittery from central bank signals of additional interest rate hikes, U.K. government fiscal plans released Friday continued to roil markets. Sterling slumped to a record low on Monday and a renewed selloff in British gilts pushed euro zone bond yields higher.

The stock market traded mixed as Europe recovers from the U.K. tax cut. Amazon and casino stocks led gains as the market tried to rebound.

Consumers snapped up 987,000 units in the first three days of delivery, 11% lower than comparable sales of the iPhone 13 family last year, according to a Bloomberg report citing Jefferies analysts.

Shares of Apple (NASDAQ: AAPL) climbed higher Monday morning, adding as much as 2.2%. Apple has long produced the vast majority of its iPhones in China. In recent years, however, the company has been working to diversify its manufacturing footprint, while also expanding its market share in India.

(Bloomberg) — US stocks extended declines, cutting short a brief, cautious rebound led by technology shares earlier in the session, as hawkish central banks across the globe continued to subdue sentiment. The pound dropped after the Bank of England said it may not act before November to stem a rout that took the sterling to a record low. Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street

Shares of AMC preferred equity units, or ‘APEs,’ rose 5% Monday, while the company’s common stock fell 7.5%, after the company unveiled plans to sell another up to 425 million APEs.

The daily swings in the key index haven’t been nearly as wild as they were 14 years ago, although most of the volatility back then came in the fourth quarter.

Chevron Corp. said Monday it was halting production at two platforms in the Gulf of Mexico ahead of Hurricane Ian, and that production at other Chevron facilities in the Gulf remained “at normal levels.” Chevron “will continue to closely monitor the storm and remains focused on the safety of our workforce, the integrity of our facilities and the protection of the environment,” the company said in an emailed statement. Forecasters warned Monday that Hurricane Ian would “continue rapidly strengthe

U.S. stocks extended losses in another back-and-forth session Monday, with equities poised for more turbulence this week as fears of excessive Fed tightening and a wild run in currency markets rattle investors.

The company’s management doesn’t seem to understand why people subscribe to the streaming service (and that’s really bad for both members and investors).

(Bloomberg) — After succumbing to full-blown fear this month, American stock traders were braving all manner of global market gyrations to kick off the volatility-hit trading week, from the pound crash at all-time lows to China’s weakening yuan.Most Read from BloombergJohn Paulson on Frothy US Housing Market: This Time Is DifferentUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEWall Street Banks Prep for Grim China Scenarios Over TaiwanStocks Fall; Pound Drops as BOE Fails to Reassu

Amazon will hold a second Prime Day sales event in October, which could siphon away some holiday shopping traffic in late November.

Shares of Macy’s Inc. dropped 2.5% in midday trading Monday toward an 18-month low, after the department store chain announced plans to hire more than 41,000 seasonal employees before the holidays, down 46% from the previous year’s hiring plans. The full- and part-time seasonal hires will be for Macy’s namesake stores, as well as for stores under the Bloomingdale’s and Bluemercury banners, and for the company’s supply chain locations and call centers. Last year, the company had said it planned t

It seems almost nobody in the stock market is feeling good right now. That’s usually sign that things could turn around soon.