After the close with Allan
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 […]
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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 […]
Drawdowns in America’s oil supply and economic data hinting at waning inflation drove Wednesday’s markets. The TSX rallied 0.73%, the Dow 0.68% and the S&P and Nasdaq both 0.82%. Aside from energy, the major Dow components enjoyed gains. Big gainers […]
On Tuesday, markets rose initially after American CPI numbers showed inflation coming in lower than expected in August. However stocks then dipped as investors remain cautious in the face of the Delta variant, worries of a corporate tax hike and […]
The week began on a modestly positive note as oil helped lift the TSX 0.16%. Storms in the U.S. threaten the immedate supply with OPEC projected higher oil demand for the rest of this year and 2022. The energy sector […]
This week, you missed Past Top Picks comments by Robert McWhirter, including Restaurant Brands International (A Top Pick Sep 30/19, Down 22%) Get Premium to receive all past top picks opinions a few hours before market open. The NYSE and […]
Normally, low jobless numbers pump the markets, but on Thursday American unemployment claims hit an 18-month low and stoked worries of a slowing recovery and the Fed scaling back its accomodative policies. The Dow and S&P fell by nearly half-a-percent […]
On Wednesday, volumes were lighter than usual in New York and particularly Toronto as the indices inched down a few points from recent record highs. The Delta variant continues to loom in the background, though it is triggering investor caution, […]
This week, you missed Past Top Picks comments by Bryden-Teich, including Humana Inc (A Top Pick Sep 03/19, Up 45%) Get Premium to receive all past top picks opinions a few hours before market open. After Labour Day, markets returned […]
This week, you missed Past Top Picks comments by Jamie Murray, including Airbus (A Top Pick Aug 19/19, Down 40%) Get Premium to receive all past top picks opinions a few hours before market open. Despite disappointing American employment numbers […]
Markets continued to grind higher Thursday without a clear overriding catalyst to close at more record highs. The TSX rose 0.5% to 20,793, a new high as all the major sectors rallied, though energy in particular gushed 3.24%. It helped […]
On Wednesday, rails lifted the TSX to a record close of 20,689, up 0.52%, while tech pushed the Nasdaq to new heights of 15,309, up 0.33%. The S&P was flat and the Dow was modestly down. In Canada, the battle […]
This week, you missed Past Top Picks comments by Bruce Campbell (2), including C21 Investments Inc. (A Top Pick Aug 09/19, Up 10%) Get Premium to receive all past top picks opinions a few hours before market open. It was […]
Yet again, the S&P and Nasdaq made record closes. On Monday, the S&P climbed 0.43% to 4,528 while big tech propelled the Nasdaq 0.9% to 15,265. In heavy trading, Apple jumped 3% to an all-time high on a report that […]
This week, you missed Past Top Picks comments by Bill Harris, including Keyera Corp (A Top Pick Jun 14/19, Down 17%) Get Premium to receive all past top picks opinions a few hours before market open. Markets closed the week […]
