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Market updates
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...
US stocks close flat on inflation data
July 14, 2021 07:53 AM AEST| By Sanjeeb BaruahUS stocks traded flat on Tuesday, July 13, after the latest government data showed that inflation surged at an annual rate of 5.4% in June, the highest in 13 years, amid a strong economic rebound. The S&P 500 was down 0.35% to 4,369.21. The Dow...
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Tech & energy pulls up TSX, OrganiGram (OGI) up over 12%
July 14, 2021 07:10 AM AEST| By Team Kalkine MediaCanada’s broader TSX Composite Index rallied on Tuesday amid a recovery in the energy and technology sectors. The index gained 37.57 points or 0.91% and settled at 20,270.65. The TSX energy index gained 0.46% while the Information Technology i...
US stocks close higher as focus shifts to quarterly earnings
July 13, 2021 07:56 AM AEST| By Sanjeeb BaruahAll major US stock markets closed higher on Monday, July 12, ahead of the quarterly earnings reports and new economic data due to be released this week. The S&P 500 was up 0.35% to 4,384.63. The Dow Jones rose 0.36% to 34,996.18. The NASDAQ Comp...
TSX slips on lower crude prices, Intertape & Aritzia top losers
July 13, 2021 07:30 AM AEST| By Team Kalkine MediaThe broader Canadian index simmered down on Monday, July 12, amid weakness in the energy and industrials sectors. The S&P/TSX composite index closed down 24.87 points, or 0.12%, to settle at 20,233.08. The energy sector index, on Monday, record...
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TSX closes higher after 2 consecutive declines, Loonie gains
July 12, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian index recorded gains on Friday, July 9, following two days of decline as several sectors posted a recovery. The base metals and technology sectors grew 3.57% and 1.17%, respectively, while the industrials sector jumped 1.09%. Energ...
US markets draw the curtain on a topsy-turvy week with positive note
July 10, 2021 07:06 AM AEST| By Sanjeeb BaruahBenchmark US indices recovered the previous day’s losses to end the week on a high note on Friday, July 9, with the S&P 500 notching another record close amid a grim outlook on the pandemic front. The S&P 500 was up 1.13% to 4,369.55....
Wall Street stocks retreat on economic concerns
July 09, 2021 07:46 AM AEST| By Sanjeeb BaruahAll major US stock markets closed their sessions in red on Thursday, July 8, as a continued demand and supply imbalance raised concerns about the health of the American economy, and investors pulled back from risky bets. The S&P 500 was down 0.8...
TSX dips as several sectors record loss, CP Railway & Denison top losers
July 09, 2021 07:30 AM AEST| By Team Kalkine MediaCanadian equities closed lower on Thursday, July 8, as most major sectors recorded losses for various reasons. Uncertainty over economic recovery amid rising Delta COVID-19 variant cases saw the financial sector tumble by 1.4%, while falling crude p...
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US markets edge higher, lifted by real estate, healthcare stocks
July 08, 2021 07:55 AM AEST| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 7, pulled up by gains in real estate and healthcare stocks after the Fed held its first discussion on the bond purchase, accepting that inflation has been a cause of worry but deciding to keep the...
TSX dragged down by energy & financial stocks, Loonie dwindles
July 08, 2021 07:30 AM AEST| By Team Kalkine MediaCanada’s main index felt the heat on Wednesday, July 7, due to weakened financial and energy stocks. The financial sector fell by 0.22% as the US Treasury Bond yields declined 1.32% amid rising concerns over the new Delta COVID-19 variant. The...
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TSX gains on the back of tech stocks, Shopify & Wesdome top gainers
July 07, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian index noted a jump on Tuesday, July 6, amid a rally in technology stocks. The S&P/TSX Composite Index increased by 0.09% to 20,300.03, while the technology sector climbed 1.52%, followed by telecom and utilities sectors. The o...
US indices slip after last week's record closes
July 07, 2021 07:20 AM AEST| By Sanjeeb BaruahBenchmark US indices edged lower on Tuesday, July 6, after several record consecutive closes last week as investors looked for global cues and turned their focus on economy-linked value stocks. The S&P 500 was down 0.20% to 4,343.54. The Dow Jon...
TSX soars to record high as crude rises, Loonie slips
July 06, 2021 07:30 AM AEST| By Team Kalkine MediaThe main Canadian index soared on Monday, July 5, as crude oil prices crossed the US$ 76 a barrel-mark for the first time since the fall of 2018. The S&P/TSX composite index shot up by 0.27% to 20,281.46 on Monday, while the rising crude prices...
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TSX moves higher, NovaGold & Innergex top gainers
July 03, 2021 07:30 AM AEST| By Team Kalkine MediaThe S&P/TSX Composite Index closed higher on Friday, July 2, as seven out of its eight constituent sectors traded in green after the Canada Day holiday. The TSX Venture Index, on the other hand, traded 0.80% higher at 968.39. The broader Canadi...
US stocks close higher on June employment data
July 03, 2021 07:28 AM AEST| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 2, as investor sentiments were boosted by the Labor Department’s June employment data. The S&P 500 was up 0.75% to 4,352.34. The Dow Jones gained 0.44% to 34,786...
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