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Most stocks fell on Wall Street following a disappointing update on inflation. But gains for Amazon and other influential Big Tech companies helped to mask the losses on Thursday, and the S&P 500 edged up less than 0.1 per cent.
Top picks from Javed Mirza, Technical Strategist, Raymond James.
Canada’s main stock index was down more than 100 points, weighed down by losses in the technology, base metal and industrial sectors.
A Vancouver group believes it has a solution to address financial and structural issues with the city’s popular Kitsilano Pool – Bitcoin mining.
U.S. stocks ticked higher on Wednesday after a rally spurred by hopes for lower U.S. interest rates wrapped around the world.
Top picks from Kim Bolton, President and Portfolio Manager, Black Swan Dexteritas (BSD)
Canada’s main stock index finished higher on Wednesday, helped by strength in consumer cyclicals, while U.S. stock markets also rose.
South Korean cryptocurrency mogul Do Kwon pleaded guilty on Tuesday to two fraud charges arising from the US$40 billion collapse of a cryptocurrency ecosystem that had promised investors their money was safe.
Canada’s main stock index gained more than 140 points to finish trading Tuesday on strength in the real estate and financials sectors.
The U.S. stock market rallied to records after data suggested inflation across the country was a touch better last month than economists expected.
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China Evergrande on Tuesday said it will be delisted from Hong Kong’s stock exchange on Aug. 25, more than a year and a half after the city’s court ordered the heavily indebted real estate developer to be liquidated in another setback to mainland China’s property sector.
Strength in consumer cyclical stocks helped Canada’s main stock index finish slightly higher on Monday, while U.S. markets lost ground.
U.S. stocks edged back from their record heights on Monday in Wall Street’s final moves before an upcoming update on inflation.
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Citigroup and UBS Global Research became the latest Wall Street brokerages to raise their year-end targets for the S&P 500 index, pointing to receding policy risks and resilient corporate earnings.
