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Market updates
US stocks retreat after Powell's speech; TLSA, UAL, AT&T rally
April 22, 2022 07:05 AM AEST| By Rupam RoyUS stock drifted lower on Thursday, April 21, after Fed Chair Jerome Powell signaled more rate hikes to come as early as next month to curb the high inflation in the US economy. The S&P 500 was down 1.48% to 4,393.66. The Dow Jones fell 1.05% to...
US stocks close mixed after weak Netflix results; IBM, PG stocks rally
April 21, 2022 07:04 AM AEST| By Rupam RoyWall Street closed mixed on Wednesday, April 20, after growth stocks took a beating following Netflix's disappointing quarterly results the day before. The S&P 500 was down 0.06% to 4,459.45. The Dow Jones rose 0.71% to 35,160.79. The NASDAQ Com...
US stocks edge higher on earnings optimism; JNJ, IBM, AAL rally
April 20, 2022 07:37 AM AEST| By Rupam RoyBenchmark US indices closed higher on Tuesday, April 19, as better-than expected quarterly results lifted investors’ sentiments. The S&P 500 up 1.61% to 4,462.21. The Dow Jones rose 1.45% to 34,911.20. The NASDAQ Composite increased by 2.1...
US stocks retreat, yields jump; BAC, TSLA rally
April 19, 2022 06:52 AM AEST| By Rupam RoyWall Street’s main indices edged lower on Monday, April 18, after bond yields climbed to a fresh three-year high in anticipation of the Federal Reserve’s aggressive rate hike to calm inflation. The S&P 500 fell 0.02% to 4,391.69. The...
US stocks slip on mixed bank earnings; AAPL, MSFT, NVDA decline
April 15, 2022 07:02 AM AEST| By Rupam RoyWall Street’s main indices closed lower on Thursday, April 14, as rising yields and mixed bank earnings weighed on mega-cap stocks ahead of an extended weekend holiday for Good Friday. The S&P 500 was down 1.21% to 4,392.59. The Dow Jones...
Wall Street closes higher as earnings season kicks in; DAL, AAL, TSM rally
April 14, 2022 07:10 AM AEST| By Rupam RoyBenchmark US indices closed higher on Wednesday, April 13, as a new earnings season set in and growth stocks salvaged some of their recent losses as investors shrugged off inflation worries. The S&P 500 was up 1.12% to 4,446.59. The Dow Jones in...
US indices close lower on mixed global cues; NVDA, MSFT among top losers
April 09, 2022 07:08 AM AEST| By Team Kalkine MediaUS stocks closed lower on Friday, April 8, dragged down by technology, consumer-cyclicals, and industrial segments after a lacklustre session clouded by mixed signals on growth and inflation. The S&P 500 fell 0.27% to 4488.28. The Dow Jones rose...
Wall Street closes higher, yield touches 3-year high; HP, PFE rise
April 08, 2022 09:28 AM AEST| By Team Kalkine MediaWall Street’s main indices closed higher on Thursday, April 7, lifted by healthcare and energy stocks even as investors weighed Fed’s plans to shrink the balance sheet by US$95 billion a month. The S&P 500 rose 0.43% to 4500.21. The...
US indices drop after Fed minutes, yields rise; WMT, UNH gain
April 07, 2022 07:34 AM AEST| By Team Kalkine MediaBenchmark US indices closed lower for the second straight day on Wednesday, April 6, dragged down by tech and material stocks after Fed’s minutes showed details of its balance sheet runoff. The S&P 500 fell 0.97% to 4481.15. The Dow Jones...
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TSX down with all sectors in red, bond market gains
April 06, 2022 07:30 AM AEST| By Sundeep RadeshThe TSX Composite Index fell on Tuesday, April 5, after it was reported that six of Canada’s major lenders expect a 50-basis-point hike by the Bank of Canada. All the major indices were in the red with energy down 1.6 per cent. Healthcare lost...
US stocks fall, weighed down by tech, energy; TWTR, AMT gain
April 06, 2022 07:08 AM AEST| By Team Kalkine MediaUS stock indexes slid on Tuesday, April 5, as investors concerns grew that the Fed may take more corrective measures to thwart inflation. However, Twitter shares continue to surge as Tesla CEO Elon Musk is set to join its board after becoming its hig...
TSX in green as tech & healthcare sectors gain, loonie up
April 05, 2022 07:30 AM AEST| By Sundeep RadeshThe TSX Composite Index gained on Monday, April 4, by 132.65 points, 0.6 per cent, to 22,085.60 points with all major sectors in the green except for base metals. The tech sector gained over three per cent and the energy sector over 1.5 per cent. Sto...
Wall Street closes higher, lifted by tech stocks: TWTR, TSLA, FB rise
April 05, 2022 07:06 AM AEST| By Team Kalkine MediaWall Street’s main indices closed higher on Monday, April 4, riding on the back of technology and growth stocks and an upsurge in Twitter (TWTR) after shares Tesla chief Elon Musk revealed a 9.2% stake in the social media company. The S&P...
Wall Street closes higher on jobs report, yields rise; PLD, AMT gain
April 02, 2022 08:41 AM AEDT| By Sanjeeb BaruahWall Street’s main indices closed higher on Friday, April 1, lifted by utility and material stocks after new economic data showed US unemployment rate fell close to the pre-pandemic level. The S&P 500 rose 0.34% to 4545.86. The Dow Jones g...
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TSX in green with energy up but posts weekly loss, bond market gains
April 02, 2022 08:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index gained 62.79 points, 0.29 per cent, to 21,952.95 as energy gained 1.7 per cent and technology 0.85 per cent on April 1. However, it was the fourth week this year where the index had a weekly loss, ending up in the red by 0.24...
TSX gains 3.14% & energy 36.17% in Q1, oil prices fall
April 01, 2022 08:30 AM AEDT| By Team Kalkine MediaThe TSX Composite Index fell on Thursday, March 31, by 0.84 per cent, 185.80 points, to 21,890.16 with all major indices in the red. For Q1 of 2022, the benchmark index had gained 3.14 and energy was up 36.17 per cent. March saw the index rise 3.62...
US stocks slip on mixed global cues; AMZN, HD fall sharply
April 01, 2022 06:29 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed lower on Thursday, March 31, dragged down by losses across stock segments as investors held back from risky bets amid supply uncertainties and higher inflation. The S&P 500 fell 1.57% to 4530.41. The Dow Jones decline...
TSX edges lower as tech stocks retreat, loonie up
March 31, 2022 08:30 AM AEDT| By Sundeep RadeshThe TSX Composite Index slipped slightly from its record high Wednesday, March 30, as the technology sector lost 2.25 per cent. Energy gained 0.55 per cent. The benchmark index was in the red by 0.05 points, 11.26 points, to 22,075.96. Shopify’...
US stocks close higher as oil drops; AAPL, MSFT, TSM gain
March 30, 2022 09:22 AM AEDT| By Sanjeeb BaruahBenchmark US indices closed higher on Tuesday, March 29, boosted by gains in technology, consumer cyclical, and real estate stocks after mixed signals from the economy. The S&P 500 gained 1.23% to 4631.60. The Dow Jones rose 0.97% to 35294.19. T...
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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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