Market Updates

US stocks close in a sea of red as tax hike fears grow

 US stocks close in a sea of red as tax hike fears grow

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...

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TSX sinks, loonie dips as Bank of Canada leaves interest rate unchanged

TSX sinks, loonie dips as Bank of Canada leaves interest rate unchanged

Canada's main stock sank on Wednesday, September 8, amid concerns after the Bank of Canada hinted at “risks” and left interest rates undisturbed at 0.25 per cent. The S&P/TSX composite index traded in red for the second consecutive d...

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US stocks drift on slow pace of economic recovery

US stocks drift on slow pace of economic recovery

S&P 500 and Dow Jones slipped on Tuesday, September 7, dragged down by fears of a slowdown in economic recovery, while Nasdaq was marginally up after firms like Apple and Facebook saw gains. The S&P 500 was down 0.34% to 4,520.03. The Dow Jo...

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TSX dips as energy & gold prices fall, Loonie down

TSX dips as energy & gold prices fall, Loonie down

Canada’s primary stock index noted a decline on Tuesday, September 7, as markets opened after Labour Day on Monday. The S&P/TSX Composite Index sank by 14.8 points or 0.07% to settle at 20,806.63, as the strengthening US dollar and bond yi...

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US stocks end mixed on weak jobs data

US stocks end mixed on weak jobs data

Benchmark US indices closed the week mixed on Friday, September 3, after weak jobs data raised uncertainty about the economic recovery. The tech-heavy Nasdaq Composite gained as the weaker-than-expected job data eased fears over Fed’s tapering ...

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TSX gains as base metals rise, New Gold & BRP top gainers

TSX gains as base metals rise, New Gold & BRP top gainers

Rise in gold and silver stocks saw the base metal sector lift Canada’s main stock market index on Friday, September 3. The base metal sector was up by 1.27%. Falling oil prices, on the other hand, pulled back the energy sector by 0.39%. At cl...

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Energy stocks lift US indices higher after OPEC OKs production hike

Energy stocks lift US indices higher after OPEC OKs production hike

Benchmark US indices closed higher on Thursday, September 2, pulled up by gains in energy stocks after global oil cartel OPEC decided to go ahead with its planned production increase. The S&P 500 was up 0.28% to 4,536.95. The Dow Jones gained 0....

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TSX begins Sept on positive note as industrials sector hits record high

TSX begins Sept on positive note as industrials sector hits record high

Canada's main stock index began the new month with record numbers as the industrials sector hit an all-time high on Wednesday, September 1. Stocks of the country’s two largest railway giants, Canadian Pacific Railways and Canadian National Rai...

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US stocks slip on consumer confidence data

US stocks slip on consumer confidence data

Benchmark US indices closed lower on Tuesday, August 31, after blue-chip technology stocks retreated amid coronavirus fears and new economic data showed declining consumer confidence. The S&P 500 fell 0.13% to 4,522.68. The Dow Jones shed 0.11% ...

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TSX dips but marks longest monthly gain streak in 4 years, Loonie down

TSX dips but marks longest monthly gain streak in 4 years, Loonie down

The main Canadian stock index settled lower on Tuesday, August 31, although it ended the month on a high note after capturing seven straight months of gains. This is said to have been the longest gain streak in about four years. The industrial secto...

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S&P 500, Nasdaq extend gains on tech boost

S&P 500, Nasdaq extend gains on tech boost

Blue-chip S&P 500 and tech-heavy Nasdaq Composite continued their gains on Monday, August 30, from the previous week’s record closes after technology and consumer discretionary stocks rallied. The S&P 500 was up 0.43% to 4,528.79. The ...

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