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Market updates
US benchmarks end week in green as tech stocks rise
July 23, 2021 01:41 PM PDT| By Sanjeeb BaruahAll major US stock markets closed the week on a positive note on Friday, July 23, as the mega-cap technology and consumer stocks rallied, lifting the S&P 500 and NASDAQ Composite to record closes. The S&P 500 was up 1.01% to 4,411.79. The Do...
US stocks end flat after spike in jobless benefits claims
July 22, 2021 02:34 PM PDT| By Sanjeeb BaruahUS stocks closed flat on Thursday, July 22, after two consecutive sessions of solid gains as investors weighed a sudden spike in unemployment benefits claims and threats from Covid’s Delta mutant. The S&P 500 was up 0.20% to 4,367.48. The...
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TSX sinks as healthcare & metals decline, Mullen & CAE top gainers
July 22, 2021 05:30 PM EDT| By Team Kalkine MediaThe main Canadian stock market index sank on Thursday, July 22, under the pressure of declining healthcare, base metals and energy stocks. While the base metal sector dwindled by 0.25% due to falling gold futures, the energy sector plummeted 0.13% e...
US stocks surge on robust earnings reports
July 21, 2021 02:47 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 21, continuing their gains from the previous session as positive quarterly earnings reports lifted the investors' sentiments. The S&P 500 was up 0.82% to 4,358.69. The Dow Jones gained 0.83%...
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TSX crosses 20K again, Silver crest & Sprott top gainers
July 21, 2021 05:30 PM EDT| By Team Kalkine MediaCanada’s main index managed to the 20,000-mark again on Wednesday, July 21, as energy stocks strengthened in the wake of rising oil prices. As oil prices rebounded from the steep fall earlier this week, the TSX energy index climbed by 2.59%. B...
US market rebounds, closes higher
July 20, 2021 02:58 PM PDT| By Team Kalkine MediaBenchmark US indices snapped Monday’s losses to close higher on Tuesday, July 20. Wall Street had witnessed a broad selloff yesterday amid concerns about the increasing coronavirus cases. However, investors today rushed to buy more shares from...
TSX improves but remains under 20k-mark, Loonie gains
July 20, 2021 05:30 PM EDT| By Team Kalkine MediaAfter two consecutive sessions of decline, the main Canadian index improved again on Tuesday, July 20, although it remained under the 20,000-mark. The TSX technology index gained 2.18%, with BlackBerry and Shopify stocks increasing by 6.58% and 3.19...
US stocks decline over fears of rising COVID cases
July 19, 2021 02:38 PM PDT| By Team Kalkine MediaBenchmark US indices edged lower on Monday, July 19, amid concerns over the Covid-19 cases. Investors sold off airline and cruise stocks fearing that the rebound in new cases could lead to new restrictions and delay the recovery from pandemic. The S...
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TSX sinks to 2-month low amid falling oil prices, Hudbay top loser
July 19, 2021 05:30 PM EDT| By Team Kalkine MediaCanadian markets noted a broad-based weakening on Monday, July 19, as rising Delta variant COVID-19 cases and falling oil prices hammered investor confidence. The S&P/TSX composite index sank by 1.3%, or 259.09 points, to settle at 19.726.45, it...
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TSX falls below 20,000-mark, Loonie weakens
July 16, 2021 05:30 PM EDT| By Team Kalkine MediaThe main Canadian index fell below the 20,000 mark for the first time since 18 June on Friday, July 16. The decline came as several sectors suffered amid lingering concern over the highly infectious Delta COVID-19 variant. Energy and base metals sec...
US stocks end lower after retail sales boost
July 16, 2021 02:14 PM PDT| By Sanjeeb BaruahBenchmark US indices closed the week lower on Friday, July 16, as losses in cyclical stocks eclipsed the gains in growth stocks after the commerce department said retail sales rose marginally in June. The S&P 500 was down 0.75% to 4,327.16. The...
S&P, NASDAQ retreat as growth stocks slip
July 15, 2021 02:54 PM PDT| By Sanjeeb BaruahThe blue-chip S&P 500 and tech-heavy NASDAQ Composite closed lower on Thursday, July 15, weighed down by technology, energy, and consumer discretionary stocks after positive labor data. The S&P 500 fell 0.33% to 4,360.03. The Dow Jones was u...
TSX jumps as consumer staples & metal stocks gain, Loonie dips
July 15, 2021 05:25 PM EDT| By Team Kalkine MediaThe broader Canadian index edged higher on Thursday, July 15, driven by the gains in consumer staples, metals and industrials stocks. While the consumer staples sector gained 2.0%, the industrials sector went up 0.51% on the back of rising railway s...
US stocks edge higher on Powell's dovish testimony
July 14, 2021 02:43 PM PDT| By Sanjeeb BaruahBenchmark US indices closed higher on Wednesday, July 14, after Fed chief Jerome Powell reiterated at a Congressional hearing that inflation is transitory and the economic recovery is on the right path. The S&P 500 was up 0.12% to 4,374.30. The...
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TSX suffers 3-digit loss amid falling energy stocks, Loonie gains
July 14, 2021 05:30 PM EDT| By Team Kalkine MediaThe main Canadian stock index posted a triple-digit loss on Wednesday, July 14, as declining oil prices weakened energy stocks. The energy sector declined by 2.62%, while the healthcare sector fell by 5.09% and the industrials sector dropped by 0.13...
US stocks close flat on inflation data
July 13, 2021 02:53 PM PDT| By Sanjeeb BaruahUS stocks traded flat on Tuesday, July 13, after the latest government data showed that inflation surged at an annual rate of 5.4% in June, the highest in 13 years, amid a strong economic rebound. The S&P 500 was down 0.35% to 4,369.21. The Dow...
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Tech & energy pulls up TSX, OrganiGram (OGI) up over 12%
July 13, 2021 05:10 PM EDT| By Team Kalkine MediaCanada’s broader TSX Composite Index rallied on Tuesday amid a recovery in the energy and technology sectors. The index gained 37.57 points or 0.91% and settled at 20,270.65. The TSX energy index gained 0.46% while the Information Technology i...
US stocks close higher as focus shifts to quarterly earnings
July 12, 2021 02:56 PM PDT| By Sanjeeb BaruahAll major US stock markets closed higher on Monday, July 12, ahead of the quarterly earnings reports and new economic data due to be released this week. The S&P 500 was up 0.35% to 4,384.63. The Dow Jones rose 0.36% to 34,996.18. The NASDAQ Comp...
TSX slips on lower crude prices, Intertape & Aritzia top losers
July 12, 2021 05:30 PM EDT| By Team Kalkine MediaThe broader Canadian index simmered down on Monday, July 12, amid weakness in the energy and industrials sectors. The S&P/TSX composite index closed down 24.87 points, or 0.12%, to settle at 20,233.08. The energy sector index, on Monday, record...
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TSX closes higher after 2 consecutive declines, Loonie gains
July 11, 2021 05:30 PM EDT| By Team Kalkine MediaThe main Canadian index recorded gains on Friday, July 9, following two days of decline as several sectors posted a recovery. The base metals and technology sectors grew 3.57% and 1.17%, respectively, while the industrials sector jumped 1.09%. Energ...
