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Market updates
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US stocks close flat after upbeat labor data
November 24, 2021 02:10 PM PST| By Rupam RoyBenchmark US indices closed flat on Wednesday, November 24, after the weekly jobless claims fell to a 52-year low and Fed minutes showed inflation to persist longer than previously thought. The S&P 500 was up 0.23% to 4,701.46. The Dow Jones fel...
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TSX up on pot & energy stocks as Wall Street closes for Thanksgiving
November 24, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index was again up Wednesday, November 24, growing 0.44 per cent by close. The main sectors were all in the green as energy and health care saw the most significant growth, each by about nearly two per cent. The S&P/TSX Cannabi...
US markets close mixed as tech stocks take a hit, bond yields rise
November 23, 2021 02:29 PM PST| By Versha JainBenchmark US indices closed mixed on Tuesday, November 23, as technology stocks declined, and bond yields rose a day after Biden re-nominated Gerome Powell as Fed chair. The S&P 500 climbed 0.17% to 4,690.70. The Dow Jones was up 0.55% to 35,813...
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TSX ends losing streak as energy gains, oil prices & bond market surge
November 23, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index finally ended a day in the green Tuesday, November 22, after four days of losses, as the energy sector gained nearly four per cent. Last week, President Joe Biden asked China, Japan and India to tap into their gas reserves to...
US stocks close mixed as Biden renominates Powell as Fed chair
November 22, 2021 02:10 PM PST| By Versha JainBenchmark US indices closed mixed on Monday, November 22, as President Joe Biden nominated Jereme Powell as the Federal Reserve chairman for the second time. The S&P 500 declined 0.32% to 4,682.94. The Dow Jones was up 0.05% to 35,619.25. The NA...
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TSX dips for 4th straight day as IT sinks amid Powell's reappointment
November 22, 2021 01:30 AM EST| By Sundeep RadeshAfter losing nearly one per cent last week, the TSX Composite Index again closed in the red Monday, November 22. The last four trading sessions have all resulted in losses, a combined total of 1.37 per cent. While the financial sector shook off its...
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TSX sees 1% weekly loss amid devastating BC floods, loonie down
November 19, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index fell again Friday, November 19, by 82.51 points, 0.38 per cent. In all, the benchmark index lost 213.5 points, nearly one per cent, in the week. It was only its second weekly loss since the beginning of October as the index cl...
US markets close mixed after jobs data
November 18, 2021 02:45 PM PST| By Versha JainBenchmark US stock indices closed mixed on Thursday, November 19, after the latest government data showed jobless claims and layoffs declined last week, showing signs of an economic recovery. The S&P 500 increased 0.34% to 4,704.54. The Dow Jone...
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TSX in red as pot stocks plummet after US legalization hits deadlock
November 18, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index fell a tad bit (0.07 per cent) Thursday, November 18, losing 15.48 points. The top five losers were all Cannabis stocks as the S&P/TSX Cannabis Index plummeted 10 per cent by market close and is down 18.59 per cent week-to...
US stocks retreat after lacklustre session
November 17, 2021 02:00 PM PST| By Versha JainThe benchmark US indices closed in the red on Wednesday, November 17, after most stock segments declined in a lacklustre session. The S&P 500 declined 0.26% to 4,688.67. The Dow Jones fell 0.58% to 35,931.05. The NASDAQ Composite was down...
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TSX in red after Oct inflation grows 4.7% YOY, loonie at 7-week low
November 17, 2021 01:30 AM EST| By Sundeep RadeshIt seems like it is turning out to be a choppy week for the TSX Composite Index as it lost 64.14 points or 0.3 per cent Wednesday, November 17, as StatCan announced October’s dreaded inflation report. The 4.7 per cent year-over-year increase wa...
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TSX up on tech stocks, loonie slips as US sees unexpected retail sales
November 16, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index gained a bit Tuesday, November 16, to 21,717.16 points. IT and industrials saw significant gains and the base metals sector was down 1.7 per cent. Though the 34.08 points or 0.16 per cent gain it clocked by close was tempered,...
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US stocks close flat ahead of big retail earnings
November 15, 2021 01:54 PM PST| By Versha JainBenchmark US indices closed flat on Monday, Nov 15, ahead of big retail earnings this week and a positive global economic outlook increasing the bullish influence on the market. The S&P 500 closed flat at 4,682.80. The Dow Jones fell 0.04% to 36...
TSX down as Line 5 owner Enbridge’s stock dips for 3rd straight day
November 15, 2021 02:30 PM EST| By Sundeep RadeshThe TSX Composite Index opened the week on the dip as it cooled down a bit after clocking its all-time high Friday, November 12. Energy was marginally up while the other sectors were in the red as the benchmark index dropped 85.45 points, 0.39 per ce...
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US stocks close week higher as rate fears ease
November 12, 2021 04:59 PM PST| By Versha JainBenchmark US indices closed the week on a positive note on Friday, Nov 12, lifted by technology and basic materials stocks after the Federal Reserve said it will keep the interest rates low for now. The S&P 500 was up 0.72% to 4,642.85. The Dow...
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TSX closes at record high as Canopy Growth & Aurora Cannabis rally
November 12, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index on Friday, November 12, grew 0.86 per cent, 186.55 points, to set a new all-time closing high of 21,768.53 points. The healthcare sector gained almost five per cent, led by cannabis stocks. In fact, the top two gainers Friday...
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TSX up, metal stocks soar as bond market stays shut on Remembrance Day
November 11, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index on Thursday, November 11, rebounded as the base metals sector gained 6.6 per cent. Healthcare was up 2.65 per cent and IT almost one per cent, putting a check on inflation woes at least temporarily, to grow the index 0.56 per...
US stocks slip as inflation rises to 30-year high
November 10, 2021 02:21 PM PST| By Versha JainBenchmark US indices closed in the red on Wednesday, Nov 10, after the latest economic data showed inflation rose at an annualized rate of 6.2% last month, the highest increase in 30 years. The S&P 500 was down 0.82% to 4,646.71. The...
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TSX in red amid advancing inflation, gold soars with loonie down
November 10, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index on Wednesday, November 10, had one of those rare red days since the beginning of October as it fell 132.59 points, that is 0.61 per cent to 21,461.93. Rising inflation and energy prices put pressure on the central bank to rais...
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TSX edges higher as utilities gain, Enbridge down as WH weighs Line 5
November 09, 2021 01:30 AM EST| By Sundeep RadeshThe TSX Composite Index moved marginally higher Tuesday, November 9. The index has been steadily climbing since the beginning of October and on Tuesday it was utilities, IT, financials and the telecom sector’s turn to perform for the index to h...
