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Market updates
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TSX scales to record high as tech stocks rally, loonie gains
March 30, 2022 08:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index closed at an all-time record high Tuesday, March 28, as the technology sector saw a gain of over three per cent. S&P/TSX Capped Information Technology Index has recovered 3.92 per cent in March so far. Energy and base meta...
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TSX edges lower with energy & healthcare in red, loonie down
March 29, 2022 08:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index edged lower Monday, March 28. Though technology, industrials and financials were in the green, energy, healthcare and base metals were in the red after it was revealed that Shanghai will impose a lockdown amid rising Covid cas...
US stocks close higher on gains from Tesla (TSLA); energy, financial stocks retreat
March 29, 2022 08:03 AM AEDT| By Rupam RoyBenchmark US indices closed higher on Monday, March 28, as Tesla, Inc (TSLA) sharp gains nullified losses in the financial and energy stocks. The shares of TSLA surged 8.03% in intraday trading after the EV maker said that it would request investors'...
TSX posts 5th weekly gain as pot stocks rally, loonie up
March 26, 2022 08:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index surged 0.31 per cent, 68.05 points, Friday, March 25, to close out the week with a 0.86 per cent gain. The index stood at 22,005.94 after a fifth straight week of weekly gains. Canada’s benchmark index has surged nearly...
Wall Street closes mixed; TLRY, ACB surge on marijuana bill plans
March 26, 2022 08:02 AM AEDT| By Rupam RoyDow Jones and S&P 500 rose but stayed near the flatline, and Nasdaq closed in the red on Friday, March 25, dragged down by losses in technology stocks as investors weighed the impact from Europe’s possible energy shortages and the interest...
TSX in green as pot stocks soar after US House plans legalization vote
March 25, 2022 08:30 AM AEDT| By Sundeep RadeshHelped by cannabis stocks, the TSX Composite Index managed to close in the green Thursday, March 24. Energy, industrials and IT saw losses but the healthcare index soared almost seven per cent, the S&P/TSX Cannabis Index gaining 11.3 per cent. I...
Dow, S&P, Nasdaq rally after selloff, oil drops; NVDA, AMD surge
March 25, 2022 06:51 AM AEDT| By Rupam RoyBenchmark US indices closed higher on Thursday, March 24, boosted by gains in big technology stocks as crude oil prices dropped more, lifting investors’ sentiments on Wall Street. The S&P 500 gained 1.43% to 4520.16. The Dow Jones rose 1.0...
Wall Street ends in the red, oil jumps; GME, AMC surge, ADBE tumbles
March 24, 2022 08:33 AM AEDT| By Rupam RoyWall Street’s major indices closed in the red on Wednesday, March 23, as mega-cap stocks fell out of favor with risk-averse investors and benchmark crude futures jumped again. The S&P 500 fell 1.23% to 4456.24. The Dow Jones declined 1.29%...
Wall Street closes higher on positive economic outlook; TSLA, PDD soar
March 23, 2022 07:23 AM AEDT| By Rupam RoyWall Street’s main indexes closed higher on Tuesday, March 22, as technology, financials, and consumer discretionary segments saw a strong rebound amid upbeat quarterly results. The S&P 500 rose 1.13% to 4511.61. The Dow Jones gained 0.74%...
US stocks retreat after Powell vows more rate hikes; XOM, CVX rise
March 22, 2022 08:39 AM AEDT| By Rupam RoyUS stocks kicked off the week lower on Monday, March 21, after Fed Chair Jerome Powell reiterated tough action on inflation and the EU weighed joining the US on banning Russian oil imports. The S&P 500 fell 0.04% to 4,461.18. The Dow Jones decli...
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TSX posts weekly gain as Feb sees 337K jobs filled, loonie up
March 12, 2022 09:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index closed with a weekly gain of 0.28 per cent after falling 119.87 points, 0.56 per cent, to 21,461.83, Friday, March 11. The financial sector fell 0.11 per cent, the technology sector 2.4 per cent and the healthcare sector 2.8 p...
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US stocks slip after CPI tops 7.9% YoY; AMZN, CRWD rise
March 11, 2022 09:44 AM AEDT| By Versha JainBenchmark US indices retreated from the previous day’s gains to close lower on Thursday, March 10, after US inflation touched another 40-year high in February, fuelled by higher energy costs. The Labor Department said the consumer price index...
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TSX continues rise as base metals & energy gain, loonie up
March 10, 2022 05:30 PM AEDT| By Sundeep RadeshFor the second day in a row, the TSX Composite Index closed in the green after gaining 88.47 points, 0.41 per cent, to 21,581.70, Thursday, March 10. The financial sector was down 0.14 per cent, but energy gained 1.66 per cent and base metals 1.37 pe...
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TSX rebounds with financials & tech up, loonie gains
March 10, 2022 09:30 AM AEDT| By Sundeep RadeshOn Wednesday, March 9, the TSX Composite Index bounced back by 261.20 points, 1.23 per cent, to 21,493.23. While energy fell 3.5 per cent, the financial sector that constitutes nearly 32 per cent of Canada’s benchmark index rebounded 2.1 per ce...
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TSX falls with financial sector in red, loonie down
March 08, 2022 05:30 PM AEDT| By Sundeep RadeshOn Tuesday, March 8, the TSX Composite Index again closed lower by 72.37 points, 0.34 per cent, to 21,232.03. Energy was up a marginal 0.7 per cent but it was in the green, nonetheless. Healthcare gained 1.9 per cent. But the all-important financial...
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TSX falls but energy extends YTD gain to 37%, loonie down
March 07, 2022 05:30 PM AEDT| By Sundeep RadeshOn Monday, March 7, the TSX Composite Index fell lower by 98.03 points, 0.46 per cent, to close at 21,304.40. All the major sectors suffered losses except for energy, which gained three per cent. The S&P/TSX Capped Energy Index has gained a whopp...
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TSX posts weekly gain as energy & oil prices rebound
March 04, 2022 05:30 PM AEDT| By Sundeep RadeshOn Friday, March 4, the TSX Composite Index gained 152.02 points, 0.72 per cent, to close the week at 21,402.43. Despite financials falling 0.4 per cent, energy was up 3.5 per cent and industrials gained 1.7 per cent to offset losses in the healthcar...
US stocks wobble as commodity prices hit 14-year high, KR, BBY surge
March 04, 2022 09:46 AM AEDT| By Versha JainUS stocks closed lower on Thursday, March 3, after commodity prices hit a 14-year high amid Black Sea curbs and the unfolding humanitarian crisis unleashed by the Russia-Ukraine war. Oil prices jumped to US$116 a barrel in intraday trading, the high...
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TSX edges lower with energy in red as oil prices fall
March 04, 2022 09:30 AM AEDT| By Sundeep RadeshIt was one of those rare days in 2022, where Canada’s oil sector closed in the red as the TSX Composite Index edged lower ever so lightly Thursday, March 3. Financials dipped 0.3 per cent and healthcare was down 3.4 per cent. The losses were of...
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TSX gains with financials up as Bank of Canada raises interest rate
March 02, 2022 05:30 PM AEDT| By Sundeep RadeshAs the Bank of Canada raised interest rates, the financial sector closed 1.5 per cent higher and with it the TSX Composite Index grew 251.13 points, 1.2 per cent higher, to 21,255.64. The industrial sector and the base metals sector also gained 2.75...
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