Market updates


 Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally

Wall Street edges higher after Fed minutes; DKS, JWN, NVDA rally

May 26, 2022 07:40 AM AEST| By Rupam Roy

US stocks closed higher on Wednesday, May 25, after Fed's minutes from its last policy meeting showed that most members favored more aggressive interest rate increases to calm inflation. The S&P 500 was up 0.95% to 3,978.73. The Dow Jones rose 0...

 TSX up for 4th straight day as all sectors gain, energy up 62% YTD

TSX up for 4th straight day as all sectors gain, energy up 62% YTD

May 26, 2022 07:30 AM AEST| By Sundeep Radesh

The rebound after the correction is certainly on for the commodity heavy TSX Composite Index. It ended in the green for the fourth consecutive trading day. Since May 12, it is up 3.5 per cent and 1.4 per cent of that has come in the last four days....

 Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

Wall Street regains momentum on bank, tech stocks rally; VMW, JPM surge

May 24, 2022 07:09 AM AEST| By Rupam Roy

US stocks closed higher on Monday, May 23, lifted by gains in mega-cap technology and bank shares following eight straight weekly declines of the indices, the longest streak since the 2001 dot com bubble. The S&P 500 was up 1.86% to 3,973.75. Th...

 TSX snaps 7-week losing streak despite healthcare sector & loonie down

TSX snaps 7-week losing streak despite healthcare sector & loonie down

May 21, 2022 07:30 AM AEST| By Sundeep Radesh

It was a marginal 15.69-point gain at the end of the trading day Friday, May 20, for the TSX Composite Index but that meant that after seven consecutive weekly losses, the index ended a week in the green. The benchmark index grew 0.49 per cent for...

 S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline

S&P falls into bear market in intraday, Nasdaq retreats; ROST, DE decline

May 21, 2022 07:23 AM AEST| By Rupam Roy

Benchmark US indices closed mixed on Friday, May 20, as investors were concerned about the elevated inflation, sending S&P 500 into the bear-market territory in intraday session. The S&P 500 was up 0.01% to 3,901.36. The Dow Jones rose 0.03%...

 TSX in green as tech & base metal sectors rebound, loonie up

TSX in green as tech & base metal sectors rebound, loonie up

May 20, 2022 07:30 AM AEST| By Sundeep Radesh

The TSX Composite Index on Thursday, May 19, rebounded by 80.54 points, 0.4 per cent, after its fall of 1.9 per cent the previous day. With a little luck, it might just break its seven-week losing streak, this week. Energy was back up 0.6 per cent...

 US stocks extend losses on economic concerns; BJ, KSS surge

US stocks extend losses on economic concerns; BJ, KSS surge

May 20, 2022 06:59 AM AEST| By Rupam Roy

Wall Street extended its losses on Thursday, May 19, after a sharp fall in the previous session as investors weighed a possible global economic slowdown. The S&P 500 was down 0.58% to 3,900.79. The Dow Jones fell 0.75% to 31,253.13. The NASDAQ C...

 TSX falls 2% as April inflation rate hits new 31-year high, loonie down

TSX falls 2% as April inflation rate hits new 31-year high, loonie down

May 19, 2022 07:05 PM AEST| By Sundeep Radesh

The TSX Composite Index on Wednesday, May 18, closed in the red by 389.63 points, down 1.90 per cent, to 20,101.38 after StatCan reported that April’s inflation rate of 6.8 per cent year-over-year breached a new 31-year high. Basics like food...

 Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge

Dow suffers worst day as Wall Street retreats; TGT, LOW stocks plunge

May 19, 2022 07:03 AM AEST| By Rupam Roy

Dow Jones suffered its worst single-day loss since 2020 as Wall Street’s main indices drifted lower on Wednesday, May 18, following weak quarterly earnings of companies like Target Corporation (TGT). The S&P 500 was down 4.04% to 3,923.68....

 TSX up with all sectors in green, DND spikes 67% in 4 days & loonie up

TSX up with all sectors in green, DND spikes 67% in 4 days & loonie up

May 18, 2022 07:30 AM AEST| By Sundeep Radesh

So, for the third day in a row, the TSX Composite Index gained Tuesday, May 17, after it closed 1.41 per cent up. After sinking to a correction, Canada’s benchmark index has recovered four per cent and at market close stood at 20,491.01, up 284...

 US stocks rise after strong retail sales data; Citigroup, HD, UAL surge

US stocks rise after strong retail sales data; Citigroup, HD, UAL surge

May 18, 2022 07:20 AM AEST| By Rupam Roy

Benchmark US indices edged higher on Tuesday, May 17, lifted by gains in technology, retail, and bank stocks after strong retail sales data eased investors' concerns over a slow economic growth. The S&P 500 rose 2.02% to 4,088.85. The Dow Jones...

 TSX in green with energy & base metals up, commodities & loonie gain

TSX in green with energy & base metals up, commodities & loonie gain

May 17, 2022 07:30 AM AEST| By Sundeep Radesh

The commodity heavy TSX Composite Index had a second straight day in the green, gaining 106.60 points, 0.53 per cent, to 20,206.41, even as fears grew about a slowdown in China and its implications on the world economy and the supply chain. Once a...

 TSX rebounds 2% but posts 7th straight weekly loss, tech & loonie gain

TSX rebounds 2% but posts 7th straight weekly loss, tech & loonie gain

May 14, 2022 07:30 AM AEST| By Sundeep Radesh

The TSX Composite Index snapped its six-day losing streak that began May 5, after it rebounded 400.76 points, 2.03 per cent, back over 20,000 points, Friday, May 13. However, it was the seventh straight week in the red for the benchmark index after i...

 US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally

US stocks edge higher on tech stock gains; HOOD, DUOL, OXY rally

May 14, 2022 07:29 AM AEST| By Rupam Roy

Wall Street's main indices rallied on Friday, May 13, ending the week on a positive note after investors shrugged off concerns about inflation and other negative market trends. The S&P 500 was up 2.39% to 4,023.89. The Dow Jones rose 1.47% to 32...

 TSX in red for 6th straight day but tech & healthcare gain, loonie down

TSX in red for 6th straight day but tech & healthcare gain, loonie down

May 13, 2022 07:30 AM AEST| By Sundeep Radesh

The TSX Composite Index fell for the sixth day in a row as it lost 138.20 points, 0.7 per cent, to 19,699.05 Thursday, May 12. Tech, however, gained 1.8 per cent and healthcare was up 3.8 per cent. All the other sectors were in the red including e...

 Dow, S&P close lower on mixed economic data; APP, GME, AMC rally

Dow, S&P close lower on mixed economic data; APP, GME, AMC rally

May 13, 2022 07:05 AM AEST| By Rupam Roy

Dow Jones and S&P 500 fell, but tech-savvy Nasdaq crawled back up to close the session mixed on Thursday, May 12, after a vital economic gauge showed that demand for manufactured goods slowed in April. The S&P 500 was down 0.13% to 3,930.08....

 TSX in correction but energy gains, oil prices & loonie up

TSX in correction but energy gains, oil prices & loonie up

May 12, 2022 07:30 AM AEST| By Sundeep Radesh

The TSX Composite Index confirmed a correction as it edged lower Wednesday, May 11, after it fell by 52.81, 0.27 per cent, to 19,837.25. The energy sector gained 1.5 per cent after Kyiv stopped about 25 per cent of Russia’s oil flow to Europe...

 US stocks slip after CPI data; COIN, Unity decline

US stocks slip after CPI data; COIN, Unity decline

May 12, 2022 07:15 AM AEST| By Rupam Roy

Wall Street's main indices drifted lower on Wednesday, May 11, after US inflation rose more than expected month-on-month for comfort, renewing fears about the Fed's aggressive rate hikes. The S&P 500 was down 1.65% to 3,935.18. The Dow Jones fel...

 TSX on brink of correction as tech & healthcare fall, loonie down

TSX on brink of correction as tech & healthcare fall, loonie down

May 11, 2022 07:30 AM AEST| By Sundeep Radesh

The TSX Composite Index fell again Tuesday, May 10, by 109.63 points, 0.55 per cent, to close at 19,890.06. Considering it touched its all-time high of 22,213.07 earlier this year, there may well be a correction on the cards. However, base metals...

 US stocks close mixed ahead of inflation data; PLTN, UPST decline

US stocks close mixed ahead of inflation data; PLTN, UPST decline

May 11, 2022 07:04 AM AEST| By Rupam Roy

Wall Street's main indices end mixed on Tuesday, May 10, as Treasury yields and oil prices declined ahead of the Labor Department's latest consumer price index data (CPI). The 10-year Treasury notes hit a three-and-a-half-year high on Monday, forcin...

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