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Market updates
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TSX fall mitigated by surging oil prices, loonie continues rise
September 24, 2021 01:30 AM EDT| By Team Kalkine MediaCanada’s TSX Composite Index fell at the end of the week as worries over China’s Evergrande slumped investors’ sentiments. However, the surging oil prices drove the TSX composite energy Sector up by 1.31 per cent Friday, September 2...
US stocks march on, lifted by business optimism
September 23, 2021 02:52 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher for the second consecutive day on Thursday, September 23, lifted by positive sentiments from Fed’s economic outlook. The S&P 500 was up 1.21% to 4,448.98. The Dow Jones rose 1.48% to 34,764.82. The NASDAQ...
TSX & loonie gain 3rd day in a row, energy up 2.8%
September 23, 2021 01:30 AM EDT| By Team Kalkine MediaCanada’s TSX Composite Index rallied for the third day on Thursday, September 23, as the market continued to digest the Fed’s tapering signals and concerns over China’s property developer Evergrande eased since the debt crisis could...
US stocks rebound on Fed's economic assessment
September 22, 2021 02:55 PM PDT| By Sanjeeb BaruahBenchmark US indices reclaimed grounds on Wednesday, September 22, after a steep selloff in the previous two sessions, boosted by the Federal Reserve’s positive economic assessment. The S&P 500 was up 0.95% to 4,395.64. The Dow Jones rose...
TSX posts sizable gains after dovish Fed stance, energy up 3.94%
September 22, 2021 01:30 AM EDT| By Team Kalkine MediaCanada’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...
US markets close mixed as defensive stocks lead gains
September 21, 2021 02:16 PM PDT| By Sanjeeb BaruahBenchmark 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,...
Canada election sees healthcare and real estate indices rise
September 21, 2021 02:06 PM EDT| By Shreya BiswasHighlights 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.....
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TSX gains on Trudeau’s re-election, loonie up
September 21, 2021 01:30 AM EDT| By Team Kalkine MediaCanada’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...
US markets close in red, dragged down by energy, financial stocks
September 20, 2021 02:49 PM PDT| By Sanjeeb BaruahAll 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...
TSX down in every sector amid Canada election & Evergrande crisis
September 20, 2021 01:30 AM EDT| By Team Kalkine MediaThe 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 close in a sea of red as tax hike fears grow
September 17, 2021 02:09 PM PDT| By Sanjeeb BaruahUS 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 dips over falling oil prices, loonie down
September 17, 2021 01:30 AM EDT| By Team Kalkine MediaThe 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...
US stocks retreat after mixed economic data
September 16, 2021 02:37 PM PDT| By Sanjeeb BaruahBenchmark 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...
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TSX sinks as metal & energy stocks fall, loonie down
September 16, 2021 01:30 AM EDT| By Team Kalkine MediaThe 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...
US stocks gallop ahead after deals, product launches lift sentiments
September 15, 2021 03:14 PM PDT| By Sanjeeb BaruahAll benchmark US indices closed in the green on Wednesday, September 15, after a flurry of deals, acquisitions, buybacks, and product launches of top companies lifted investors’ spirits. The S&P 500 was up 0.85% to 4,480.70. The Dow Jones...
TSX gains as energy stocks rebound, Denison & Vermilion top gainers
September 15, 2021 01:30 AM EDT| By Team Kalkine MediaThe rising crude oil prices drove up the TSX Composite energy sector by 4.39 per cent Wednesday, September 15. Also, the base metal sector gained 2.69 per cent. The rising bond yield pulled up the banking stocks favoring the financial sector and cur...
US stocks drift after inflation data
September 14, 2021 03:10 PM PDT| By Sanjeeb BaruahBenchmark US indices retreated on Tuesday, September 14, after the latest economic data showed inflation grew at a slower pace in August, renewing the focus on Fed's stimulus tapering talks. The S&P 500 was down 0.57% to 4,443.05. The Dow Jones...
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TSX Composite plummets 113.16 points as healthcare and energy suffer
September 14, 2021 04:30 PM EDT| By Team Kalkine MediaThe TSX Composite Index pulled back owing to a fall in multiple sectors, mainly the healthcare and energy sectors on Tuesday, September 14. The volatility in the crude and natural gas prices dragged the energy sector by 1.32% and the healthcare secto...
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US stocks close mixed as lawmakers mull tax hike
September 13, 2021 03:09 PM PDT| By Sanjeeb BaruahBenchmark US stock indices closed mixed on Monday, September 13, after lawmakers unveiled plans to raise the corporate tax by around 26% in a new spending bill worth US$3.5 trillion. The S&P 500 was up 0.23% to 4,468.73. The Dow Jones rose 0.76%...
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TSX Composite rallies after lull on back of energy stocks, up 0.16%
September 13, 2021 01:30 AM EDT| By Team Kalkine MediaThe TSX Composite Index rebounded on Monday, September 13, after a period of continuous decline from past trading sessions. The recovery in the prices of crude oil and natural gas lifted the energy stocks. The TSX composite energy sector gained 4.22...
