Market updates
US stocks edge lower on inflation data
September 10, 2021 06:13 PM PDT| By Sanjeeb BaruahBenchmark US indices closed lower on Friday, September 10, after broad losses across stock segments and the latest economic data showed inflation rose marginally in August. The S&P 500 was down 0.77% to 4,458.58. The Dow Jones fell 0.78% to 34,6...
S&P/TSX down 4th day in a row to 20,633.06, trades above 21-day SMA
September 10, 2021 01:30 AM EDT| By Team Kalkine MediaCanadian stocks settled in red for the fourth consecutive session, down 0.35% to 20,633.06. The negative closing was mainly driven by weakness in large weightage financials, industrials and utilities stocks which was partially offset by strength in e...
US stocks retreat after jobless claims data
September 09, 2021 03:10 PM PDT| By Sanjeeb BaruahBenchmark US indices closed in red on Thursday, September 9, after the latest labor data showed the number of jobless benefits claims dropped to the lowest level in 18 months. The S&P 500 was down 0.46% to 4,493.28. The Dow Jones fell 0.43% to 3...
TSX slides for 3rd straight day despite strong tech stocks performance
September 09, 2021 01:30 AM EDT| By Team Kalkine MediaThe Canadian stock market finished down on Thursday, September 9, extending previous losses, as investors remained cautious about buying equities amid concerns of a delay in the global economic recovery owing to an increase in coronavirus infections....
US markets close in red as delta variant spells trouble
September 08, 2021 03:04 PM PDT| By Sanjeeb BaruahBenchmark US indices retreated on Wednesday, September 8, as the delta variant stalked the country prompting investors to withdraw from growth stocks. The S&P 500 was down 0.13% to 4,514.07. The Dow Jones fell 0.20% to 35,031.07. The NASDAQ Comp...
TSX sinks, loonie dips as Bank of Canada leaves interest rate unchanged
September 08, 2021 01:30 AM EDT| By Team Kalkine MediaCanada'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...
US stocks drift on slow pace of economic recovery
September 07, 2021 03:00 PM PDT| By Sanjeeb BaruahS&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...
TSX dips as energy & gold prices fall, Loonie down
September 07, 2021 10:22 AM EDT| By Team Kalkine MediaCanada’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...
US stocks end mixed on weak jobs data
September 03, 2021 02:13 PM PDT| By Sanjeeb BaruahBenchmark 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...
TSX gains as base metals rise, New Gold & BRP top gainers
September 03, 2021 01:30 AM EDT| By Team Kalkine MediaRise 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...
Energy stocks lift US indices higher after OPEC OKs production hike
September 02, 2021 03:06 PM PDT| By Sanjeeb BaruahBenchmark 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....
TSX begins Sept on positive note as industrials sector hits record high
September 01, 2021 01:30 AM EDT| By Team Kalkine MediaCanada'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...
US stocks slip on consumer confidence data
August 31, 2021 03:08 PM PDT| By Sanjeeb BaruahBenchmark 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%...
TSX dips but marks longest monthly gain streak in 4 years, Loonie down
August 31, 2021 05:30 PM EDT| By Team Kalkine MediaThe 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...
S&P 500, Nasdaq extend gains on tech boost
August 30, 2021 02:58 PM PDT| By Sanjeeb BaruahBlue-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...
TSX dips as energy & financial stocks fall, Loonie strengthens
August 30, 2021 01:30 AM EDT| By Team Kalkine MediaCanada's main stock index sank on Monday, August 20, amid weakened energy and financial stocks. The decline, however, was partially offset by the rise in technology and utilities stocks. The S&P/TSX Composite Index traded 0.24% or ~50 points low...
S&P 500, Nasdaq close at record highs after Powell's dovish remark
August 27, 2021 02:19 PM PDT| By Sanjeeb BaruahThe S&P 500 and tech-heavy Nasdaq closed the trading week at all-time highs on Friday, August 27, after Federal Reserve Chairman Jerome Powell cautioned against overreaction to inflation, reiterating that the bank would start tapering monetary su...
US stocks drift on Fed's taper concerns, mixed economic data
August 26, 2021 02:45 PM PDT| By Sanjeeb BaruahThe benchmark US stock indices slipped on Thursday, August 26, after mixed economic data and concerns over Fed's likely tightening of its asset-buying program weighed on investors' minds. The S&P 500 was down 0.58% to 4,470.00. The Dow Jones fel...
TSX sinks amid slipping bank stocks, Lithium & Intertape top losers
August 26, 2021 01:30 AM EDT| By Team Kalkine MediaCanada's main stock index slipped into the red zone on Thursday, August 26, as bank stocks fell amid rising concerns regarding a new corporate tax hike proposed by the government. The financial sector tumbled 0.92%, while the metal and tech sectors...
US markets extend gains as tech, financial stocks rise
August 25, 2021 02:54 PM PDT| By Sanjeeb BaruahAll major US stock markets closed higher on Wednesday, August 26, pulled up by gains in technology and financial sectors. The blue-chip S&P 500 and tech-heavy Nasdaq Composite closed at record highs for the third consecutive day, buoyed by a posi...