US stocks retreat for third straight day on inflation woes

Canada’s TSX Composite Index recorded substantial gains on Wednesday, September 22, after a dovish stance from the U.S. Federal Reserve on tapering and interest rates hikes. Additionally, easing distress over China’s property developer Ev...

Benchmark US indices closed mixed on Tuesday, September 21, after healthcare, energy, and technology stocks led gains in intraday trading buoyed by positive income expectations. The S&P 500 fell 0.08% to 4,354.19. The Dow Jones fell 0.15% to 33,...

Highlights The Liberals pledged to hire 7,500 doctors, nurses and a minimum wage of C$ 25 per hour for health workers. Tilray and Canopy Growth, two cannabis companies, posted an intraday stock decline by 6.79 per cent and 7.47 per cent, respec...

Canada’s broader TSX Index on Tuesday, September 21, lifted post the re-election of Prime Minister Justin Trudeau as investors see it as largely a continuation of the present economy although few jitters might be witnessed due to the bankruptcy...

All benchmark US indices closed in the red on Monday, Sep 20, after energy and financial stocks led broad losses across segments and China’s Evergrande default fears loomed. The S&P 500 fell 1.70% to 4,357.73. The Dow Jones fell 1.78% to 3...

The substantial bankruptcy by Chinese property developer Evergrande triggered an economic slowdown on Monday, September 20, across the globe, which is impacting the financial systems. Additionally, the upcoming Fed’s action for pumping stimulus...

US stocks closed the week in a sea of red on Friday, September 17, after technology shares led the broad losses across segments and tax hike fears dragged the benchmark indices down. The S&P 500 fell 0.91% to 4,432.99. The Dow Jones fell 0.48% t...

The TSX Composite Index was down on Friday, September 17, due to falling oil prices resulting in a decline in the energy sector by 1.95%. Additionally, the base metal sector which includes precious metals declined by 2.79% owing to a fall in gold and...

Benchmark US indices drifted lower on Thursday, September 16, after mixed economic data showed that retails sales rose in August, but unemployment benefits claims also increased last week. The S&P 500 fell 0.16% to 4,473.75. The Dow Jones shed 0...

The main Canadian stock index was left depressed on Thursday, September 16, amid the anticipations surrounding the federal election due next week and the US Federal Reserve’s plans of shrinking its stimulus. The index was primarily pulled down...