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Recession gloom continued to grip Wall and Bay streets Tuesday as stocks continued to sink, despite briefly going green during the day. The S&P finished -0.92% with all 11 sectors in the red red, the Nasdaq -0.95% and the Dow […]

Monday stocks sank on recurring inflation fears. In New York, the S&P closed -1.15%, the Nasdaq -2.26% and the Dow -0.52%. Only utilities and real estate gained while the other nine sectors on the S&P slipped. Elon Musk grabbed headlines […]

Investors were feeling optimist Thursday of inflation easing, a day ahead of the U.S. releasing crucial unemployment numbers. On Wall Street, the S&P climbed 1.49%, the Nasdaq 2.28% and the Dow 1.12% while WTI crude jumped 3.7% past $102. Energy […]

On Wednesday, American stocks rose modestly after the U.S. Fed’s minutes were released mid-afternoon stating that the Fed will make outsize interest rate hikes to battle hot inflation. The S&P added 0.36%, the Nasdaq 0.35% and the Dow 0.22%. Otherwise, […]

Recession fears pressured stocks in New York Tuesday, but they recovered by the end of the session. The S&P rose 0.16%, the Nasdaq 1.75% though the Dow closed -0.42%. The U.S. 10-year yield continued to fade, down to 2.825% though […]

With Wall Street closed for Independence Day, the TSX rallied 0.89% top return above 19,000. All sectors were in the green, led by materials and energy. WTI rose 2% past $110 while WCS jumped nearly 3% to $90. Big movers […]

As the TSX was closed Friday for Canada Day, Wall Street ended the week modestly up on Friday. The S&P gained 1.06%, the Nasdaq 0.9% and the Dow 1.05% to offer some relief to the toughest half-year on Wall Street […]

Ongoing worries of a future recession and rising interest rates continued to pressure stocks on Thursday. The TSX ended -1.18% for the day (to fall below 19,000), but -11% for the first half of 2022. That is roughly half as […]

Stocks lacked direction Wednesday though inflation fears lingered. The TSX closed -0.76% as most sectors were in the red apart from consumer staples and industrials. WTI sank over 2% to $109 and several energy names declined with it, including Whitecap […]

The markets reverted to ongoing fears of hot inflation and rate hikes Tuesday and sold off most sectors except energy. On Wall Street, the S&P closed -2.01%, the Nasdaq -2.98% and the Dow -1.56%. Gainers: Hess up 5.67%, Diamondback Energy […]

The trading week began with energy and materials lifted the TSX higher by 1.14% to nearly 19,300, but the American indices losing a little ground. Big movers were Vermilion Energy by 11.67% on an upgrade, Suncor 3.16%, Canadian Natural Resources […]

Weak commodity prices, driven by recessionary fears, pressured the TSX on Thursday. The Canadian index closed below 19,000 and shed 1.51%. WTI oil fell 2% to $104 and copper sank 5%. Energy and materials suffered major losses: Suncor -6.31%, Cenovus […]

Fears of a recession depressed crude oil prices and in turn pressured markets on Wednesday. WTI sank 4% to $105 and WCS lost 3.8% to slip to $87. That pushed the TSX down by 1.13% as consumer stamples also weighed […]

Markets were hot on the first day of summer, Tuesday. Wall Street returned from a long weekend to rally. The S&P rose 2.45%, the Nasdaq 2.51% and the Dow 2.15%. Energy stocks led the climb though WTI advanced by only […]

With Wall Street closed for the new Juneteenth holiday, the TSX rallied Monday across the board and closed up 1.25% at session highs, rebounding after sliding 6% last week in its worst week since march 2020. Telcos, staples and real […]

Volatility reigned yet again as markets closed the week decidedly mixed. The S&P closed Friday up 0.21% and Nasdaq modestly rebounded by 1.43%, but the Dow finished -0.14% and the TSX -0.39% as oil prices slid on recession fears. For […]

On Wednesday afternoon, the U.S. Fed’s Jay Powell announced a 75-basis point hike in interest rates and offered dovish comments about inflation. The street expected that move and reacted by buying. Though off the session highs, the S&P closed -1.46% […]

Tuesday markets in Toronto and New York were mixed following Monday’s rout which saw the TSX enter a correction and New York’s indices a bear market. The S&P closed -0.37%, the Nasdaq 0.32% and the Dow -0.5% after opening in […]

Call it Gloomy Monday. Both stocks and cryptos tanked in a deep sell-off driven by hot inflation numbers and ongoing fears of a recession right before the U.S. Fed meets this week to hike interest rates. The S&P closed -3.88% […]

The latest U.S. CPI numbers were released Friday morning and came in slightly higher than expected. As expected, markets slid and stayed consistently low throughout the session. The S&P ended -2.91% below 4,000 points, the Nasdaq -3.52% and the Dow […]

Wednesday’s pessimism extended into Thursday as oil and stocks both sank, though oil regained some ground. Otherwise, investors are waiting for Friday morning’s key American CPI data. On Wall Street, the S&P closed -2.38%, the Nasdaq -2.75% and the Dow […]

As markets await Friday’s U.S. inflation numbers for may, investors largely took back Tuesday’s gains on Wednesday. The S&P shed over 1%, the Dow closed -0.81% and the Nasdaq -0.73%. The U.S. 10-year yield returned above 3% while Bitcoin slipped […]

China continues to ease its lockdown restrictions, which helped lift markets on Tuesday. Unlike Monday’s session, Tuesday saw stocks close on strength. The Nasdaq and S&P gained nearly 1%, the Dow 0.8% and the TSX up 0.52% driven by higher […]