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Market updates
US indices slip, weighed down by technology, consumer stocks
July 28, 2021 08:01 AM AEST| By Sanjeeb BaruahBenchmark US indices drifted from their recent gains on Tuesday, July 27, dragged down by technology and consumer stocks, even as Q2 earnings reports of big companies trickled in. The S&P 500 fell 0.47% to 4,401.46. The Dow Jones shed 0.24% to 3...
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TSX inches up, Suncor & Bank of Montreal most actively traded
July 28, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s main index moved up on Tuesday, July 27, amid positive earnings reports from US tech giants like Apple Inc., Microsoft Corp. and Alphabet Inc. While the TSX technology sector gained 0.14%, the industrials index climbed by 0.7%. ...
Wall Street stocks end flat ahead of big tech earnings week
July 27, 2021 07:48 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Monday, July 26, as investors seemed to have taken a break ahead of a busy earnings week with many big technology giants like Amazon, Google and Facebook are lining up for second-quarter reporting. The S&P 500 was up 0.2...
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TSX settles lower, Trillium, Aurinia & Shopify top losers
July 27, 2021 07:30 AM AEST| By Team Kalkine MediaThe broader Canadian stock market index settled in red on Monday, July 26, ahead of the deluge of earnings reports expected from major enterprises this week. The decline was mainly motored by the technology sector, which descended by around 1.29%, a...
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TSX closes higher, Royal Bank of Canada & Enbridge most actively traded
July 24, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s main stock market index closed higher on Friday, July 23, after noting small gains in multiple sectors through the trading session, led by industrials and technology. While the technology sector climbed by 1.53%, the industrial sector...
US benchmarks end week in green as tech stocks rise
July 24, 2021 06:41 AM AEST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 23, as the mega-cap technology and consumer stocks rallied, lifting the S&P 500 and NASDAQ Composite to record closes. The S&P 500 was up 1.01% to 4,411.79. The Do...
US stocks end flat after spike in jobless benefits claims
July 23, 2021 07:34 AM AEST| By Sanjeeb BaruahUS stocks closed flat on Thursday, July 22, after two consecutive sessions of solid gains as investors weighed a sudden spike in unemployment benefits claims and threats from Covid’s Delta mutant. The S&P 500 was up 0.20% to 4,367.48. The...
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TSX sinks as healthcare & metals decline, Mullen & CAE top gainers
July 23, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian stock market index sank on Thursday, July 22, under the pressure of declining healthcare, base metals and energy stocks. While the base metal sector dwindled by 0.25% due to falling gold futures, the energy sector plummeted 0.13% e...
US stocks surge on robust earnings reports
July 22, 2021 07:47 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 21, continuing their gains from the previous session as positive quarterly earnings reports lifted the investors' sentiments. The S&P 500 was up 0.82% to 4,358.69. The Dow Jones gained 0.83%...
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TSX crosses 20K again, Silver crest & Sprott top gainers
July 22, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s main index managed to the 20,000-mark again on Wednesday, July 21, as energy stocks strengthened in the wake of rising oil prices. As oil prices rebounded from the steep fall earlier this week, the TSX energy index climbed by 2.59%. B...
US market rebounds, closes higher
July 21, 2021 07:58 AM AEST| By Team Kalkine MediaBenchmark US indices snapped Monday’s losses to close higher on Tuesday, July 20. Wall Street had witnessed a broad selloff yesterday amid concerns about the increasing coronavirus cases. However, investors today rushed to buy more shares from...
TSX improves but remains under 20k-mark, Loonie gains
July 21, 2021 07:30 AM AEST| By Team Kalkine MediaAfter two consecutive sessions of decline, the main Canadian index improved again on Tuesday, July 20, although it remained under the 20,000-mark. The TSX technology index gained 2.18%, with BlackBerry and Shopify stocks increasing by 6.58% and 3.19...
US stocks decline over fears of rising COVID cases
July 20, 2021 07:38 AM AEST| By Team Kalkine MediaBenchmark US indices edged lower on Monday, July 19, amid concerns over the Covid-19 cases. Investors sold off airline and cruise stocks fearing that the rebound in new cases could lead to new restrictions and delay the recovery from pandemic. The S...
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TSX sinks to 2-month low amid falling oil prices, Hudbay top loser
July 20, 2021 07:30 AM AEST| By Team Kalkine MediaCanadian markets noted a broad-based weakening on Monday, July 19, as rising Delta variant COVID-19 cases and falling oil prices hammered investor confidence. The S&P/TSX composite index sank by 1.3%, or 259.09 points, to settle at 19.726.45, it...
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TSX falls below 20,000-mark, Loonie weakens
July 17, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian index fell below the 20,000 mark for the first time since 18 June on Friday, July 16. The decline came as several sectors suffered amid lingering concern over the highly infectious Delta COVID-19 variant. Energy and base metals sec...
US stocks end lower after retail sales boost
July 17, 2021 07:14 AM AEST| By Sanjeeb BaruahBenchmark US indices closed the week lower on Friday, July 16, as losses in cyclical stocks eclipsed the gains in growth stocks after the commerce department said retail sales rose marginally in June. The S&P 500 was down 0.75% to 4,327.16. The...
S&P, NASDAQ retreat as growth stocks slip
July 16, 2021 07:54 AM AEST| By Sanjeeb BaruahThe blue-chip S&P 500 and tech-heavy NASDAQ Composite closed lower on Thursday, July 15, weighed down by technology, energy, and consumer discretionary stocks after positive labor data. The S&P 500 fell 0.33% to 4,360.03. The Dow Jones was u...
TSX jumps as consumer staples & metal stocks gain, Loonie dips
July 16, 2021 07:25 AM AEST| By Team Kalkine MediaThe broader Canadian index edged higher on Thursday, July 15, driven by the gains in consumer staples, metals and industrials stocks. While the consumer staples sector gained 2.0%, the industrials sector went up 0.51% on the back of rising railway s...
US stocks edge higher on Powell's dovish testimony
July 15, 2021 07:43 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 14, after Fed chief Jerome Powell reiterated at a Congressional hearing that inflation is transitory and the economic recovery is on the right path. The S&P 500 was up 0.12% to 4,374.30. The...
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TSX suffers 3-digit loss amid falling energy stocks, Loonie gains
July 15, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian stock index posted a triple-digit loss on Wednesday, July 14, as declining oil prices weakened energy stocks. The energy sector declined by 2.62%, while the healthcare sector fell by 5.09% and the industrials sector dropped by 0.13...
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