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For now at least, investors are shrugging off rises in the U.S. 10-year yield and buying tech stocks. On Tuesday, the yield jumped 2.3% to 1.641% while the tech-heavy Nasdaq ran up 0.71% to hover just 2% below its all-time […]

The TSX continued to ride momentum Monday as the Canadian index added 0.27% to make a record close of 20,985. Industrials and tech were up, though surprisingly energy names lagged as the price of WTI held steady though WCS surrendered […]

Stocks extended Thursday’s rally by gaining more ground on Friday. For now, at least, investors are calming down from the inflation hike and are accepting that the U.S. Fed will taper in November. The Dow added 1.19% to enjoy its […]

There was green everywhere on Thursday as stocks and oil rallied. Catalysts came from the U.S. where Citigroup (up 0.77%), Bank of America (1.93%) and Morgan Stanley (2.48%) topped quarterly earnings estimates. Meanwhile the latest unemployment claims there fell to […]

Lower-than-expected CPI data in the U.S. on Wednesday encouraged buying in New York and Toronto. While the Dow closed flat, the S&P added 0.3%, the Nasdaq 0.73% and the TSX even more at 0.89%. Moreover, the U.S. 10-year yield shed […]

It was a see-saw session Tuesday, though stocks faded into the close again. Losses were moderate, though, as the S&P closed -0.24%, the Nasdaq -0.14% and the Dow -0.34%. Notably, the U.S. 10 year yield retreated by 2% to 1.56%, […]

With Canadian markets closed for Thanksgiving, American markets started the week fading into the close. Neither the tech or cyclical trade showed much conviction as the S&P closed -0.69%, the Dow -0.72% and the Nasdaq -0.64%. The U.S. 10-year yield […]

The U.S. added fewer jobs last month than expected, but Wall Street overlooked that and continued to believe that the Fed will taper and raise interest rates sooner than later. Friday’s session was choppy and stocks faded into the close. […]

Washington will vote Thursday evening to extend the U.S. debt ceiling or borrowing limit to early December. Though President Biden said that the deal isn’t done, Wall Street was confident enough for the vote to pass to lift markets by […]

On Wednesday, the price of crude oil slid to ease inflation fears as Washington continued to settle the American debt ceiling crisis and Russia’s Putin stepped up to offer natural gas to ease the European energy crisis. All of these […]

Tuesday markets recovered some of the losses from Monday’s rout with the S&P and Dow both rising over 1.05% and the Nasdaq bouncing 1.25%. Tech, which suffered the deepest losses the day before, enjoyed some strong gains. Netflix surged 5.25% […]

The trading week began with tech stocks sliding, even though the U.S. 10-year yield held steady around 1.48%. While the Dow closed -0.94% and the S&P -1.39%, the Nasdaq plunged 2.14%. Adobe closed -3.29%, Apple -2.46%, Amazon -2.85% and Facebook […]

Markets started the fourth quarter on a hopeful note as German drugmaker Merck unveiled an anti-viral pill that can cut Covid cases and hospitalizations (of all variants including Delta) in half. Their findings need to be peer-approved and governmental authrorities […]

Fears of ongoing inflation and the U.S. raising interest rates sooner than later continue to weigh on investors who pushed stocks further down Thursday. The Dow closed -1.59%, the S&P -1.19% and the Nasdaq -0.49%. The U.S. 10-year yield, however […]

A day after the market sell-off, stocks stabilized to some degree and closed mixed on Wednesday. On Wall Street, trending up were the S&P by 0.16% and the Dow at 0.26% while tech continued to decline (albeit less dramatically) as […]

The 10-year U.S. Treasury yield jumped Tuesday to 1.54%, its highest level since June. Stocks sold off with tech bearing the brunt. On Wall Street, the S&P closed -2.04%, the Dow -1.63% and the Nasdaq -2.83%. Selling hit all sectors, […]

Crude oil prices jumped Monday as investors anticipate higher demand and supply not keeping up. The price of WTI jumped 2% to roughly $75.50 per barrel while WCS rose 2.2% to $63.50. This helped lift the TSX by 0.36% even […]

The week ended on a positive note on Wall Street and slightly negative on Bay Street as investors waded through a stew of Evergrande fears, the U.S. Fed’s latest announcements and supply chain constraints. Markets plunged to begin the week […]

Stock company pages on Stockchase have been updated and now feature a new chart layout with 1w, 1m, 6m and 1y view options. Pick your favorite stock among the top picks and have a look at our new company page. […]

We’re happy to present the new version of the Stockchase Top Picks newsletter. Both the FREE and PREMIUM versions have been enhanced. Please reply to share your feedback or report any issue. Note that there was a small glitch yesterday […]

After showing modest gains Tuesday morning, the major indices closed the session mixed a day after a major sell-off. The S&P closed -0.08% and the Dow -0.14%, but the Nasdaq gained 0.22% and the TSX 0.6%. Canadian investors read Trudeau’s […]

China’s second-largest real estate developer, Evergrande, owes US$300 billion and could default next week. Markets around the world sold off over fears that a default could destabilize China, the world’s second-largest economy. American markets are already fretting over its own […]

Stocks across the board closed lower to end a week itself marked by gradual declines. In Canada, lower oil prices and expectations of a minority government of either the Liberals or Tories dampened the TSX which declined 0.54%. Industrials were […]

On Thursday, Wall Street was surprised when August’s U.S. consumer spending numbers rose 0.7% instead of slipping as expected. This renewed ongoing worries that the U.S. Fed will launch a taper tantrum and pressured stocks. The S&P closed -0.16% and […]