Daily News

Source: BNN Bloomberg September 17, 2022

U.S. stocks sink in worst week since bottoming in June

Stocks fell, capping the worst week since the market hit its low for the year in June, as FedEx Corp.’s warning added to growing concern over outsized Federal Reserve interest-rate hikes. The S&P 500 fell for a third day this week, down close to 5 per cent...

Source: BNN Bloomberg September 17, 2022

Meta, Nvidia pummeled in Nasdaq 100's worst week in 8 months

Investors betting that the worst is over for battered technology stocks got a painful reminder this week that there’s more gloom in store. The Nasdaq 100 Stock Index sank 5.8 per cent in its worst week since January, after an inflation report on Tuesday su...

Source: BNN Bloomberg September 16, 2022

S&P 500 extends slide to lowest level since July

US stocks fell and Treasury yields climbed after the latest batch of economic data did little to dial back expectations for the Federal Reserve’s next move. The S&P 500 extended declines to close at the lowest level since July 18. It ended just above 3,900...

Market Call Source: BNN Bloomberg September 16, 2022

Rick Stuchberry's Top Picks: September 15, 2022

Rick Stuchberry, senior portfolio manager, Wellington-Altus Private Wealth FOCUS: North American large caps and global ADRs MARKET OUTLOOK: In July, we said that the markets wanted to know when this would be over and we think more evidence is emerg...

Source: BNN Bloomberg September 16, 2022

TSX today: S&P/TSX composite ends trading day down 0.84 per cent

North American markets ended the trading day in the red, with Canada's main stock index down more than 150 points and U.S. stock markets also lower. The S&P/TSX composite index was down 165.98 points, or 0.84 per cent, at 19,560.16. In New York, the Dow...

Source: BNN Bloomberg September 16, 2022

Cineplex: Scotiabank sees 58% upside for shares as demand recovers

Scotiabank is doubling down on its bullish call for shares of Cineplex as movie-going demand recovers from the depths of the pandemic, calling for a near-60 per cent surge in shares of the company over the coming year. In a note to clients Wednesday, Scotia a...

Source: BNN Bloomberg September 16, 2022

Ray Dalio does the math: Rates at 4.5% would sink stocks by 20%

Ray Dalio came out with a gloomy prediction for stocks and the economy after a hotter-than-expected inflation print rattled financial markets around the globe this week. “It looks like interest rates will have to rise a lot (toward the higher end of the 4....

Executive Summary Source: Financialpost September 16, 2022

Posthaste: A third of Canadians worry about covering 'daily living expenses,' survey finds

Financial well-being index drops to lowest reading since it started Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: BNN Bloomberg September 15, 2022

U.S. stocks rise as dip buyers win tug of war over U.S. Fed

US stocks rebounded in late trading a day after hot inflation sparked the biggest rout in more than two years. The dollar fell, while short-end Treasury yields edged higher. After swinging between gains and losses throughout the day, dip buyers emerged to...

Source: BNN Bloomberg September 15, 2022

TSX today: Energy sector helps lift composite, rising 0.41%

Gains in the energy sector helped Canada's main stock index end the trading day in the green, while U.S. stock markets also closed higher, a day after posting their worse session since June 2020. The S&P/TSX composite index was up 80.74 points, or 0.41 per...