US benchmarks end week in green as tech stocks rise

• July 21, 2021 05:30 PM EDT
• Team Kalkine Media

Canada’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...

• July 20, 2021 02:58 PM PDT
• Team Kalkine Media

Benchmark 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 ...

• July 20, 2021 05:30 PM EDT
• Team Kalkine Media

After 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...

• July 19, 2021 02:38 PM PDT
• Team Kalkine Media

Benchmark 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...

• July 19, 2021 05:30 PM EDT
• Team Kalkine Media

Canadian 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...

• July 16, 2021 05:30 PM EDT
• Team Kalkine Media

The 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...

• July 16, 2021 02:14 PM PDT
• Sanjeeb Baruah

Benchmark 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 ...

• July 15, 2021 02:54 PM PDT
• Sanjeeb Baruah

The 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...

• July 15, 2021 05:25 PM EDT
• Team Kalkine Media

The 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...

• July 14, 2021 02:43 PM PDT
• Sanjeeb Baruah

Benchmark 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 ...