Daily News

Source: BNN Bloomberg August 18, 2022

U.S. stocks retrench after Fed as tech resumes selloff

US stocks fell for the first time in four days as investors assessed the outlook for the path of interest-rate hikes after minutes from the Federal Reserve’s last meeting noted officials saw risks from tightening more than necessary.  The S&P 500 Index end...

Source: BNN Bloomberg August 18, 2022

TSX recap: Materials, financials and tech drag down index

Canada’s benchmark stock index was under pressure Wednesday as materials, financial and tech equities weighed. The S&P/TSX Composite Index closed down 88.52 points, or 0.44 per cent, to 20,181.44. Shopify Inc., TC Energy Corp. and Agnico Eagle Mines Ltd...

Market Call Source: BNN Bloomberg August 18, 2022

Chris Blumas' Top Picks: August 17, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: It’s been a roller coaster ride for investors so far in 2022. Equity markets sold off at the start of the year and have rebounded so...

Source: BNN Bloomberg August 17, 2022

TSX recap: Broad-based gains narrowly offset losses in energy and materials

Canada's benchmark stock index closed in positive territory Monday as falling crude oil prices weighed on the energy sector. At 4:05 p.m. EDT, the S&P/TSX Composite Index gained 0.79 points, to 20,180.60. The TSX energy and materials subgroups were the...

Source: BNN Bloomberg August 17, 2022

U.S. stocks shake off tech slide as dip buyers emerge

US stocks closed higher following a sudden pullback in tech shares, with investors assessing the latest round of upbeat earnings against a backdrop of growing concerns over slowing growth and rising borrowing costs. The S&P 500 managed to post modest gains...

Source: BNN Bloomberg August 17, 2022

Investors no longer 'apocalyptically' bearish, BofA survey shows

Investors are pulling back from their record pessimism about stocks amid speculation that inflation has peaked, marking a break in the “apocalyptically bearish” sentiment that had been gripping markets, Bank of America Corp.’s monthly fund manager survey show...

Company News Source: BNN Bloomberg August 17, 2022

Carnival Cruise bookings nearly double after COVID-19 curbs eased

Carnival Corp. shares rose as much as 4.1 per cent after the cruise company’s flagship division reported a surge in bookings following the lifting of some COVID-19 restrictions. Carnival Cruise Line said bookings on Monday were “nearly double” the level fo...

Market Call Source: BNN Bloomberg August 17, 2022

Gordon Reid's Top Picks: August 16, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Market sentiment is improving and with it, U.S. equity prices are rising. But stepping back, not much is changing with respect to t...

Canada Source: BNN Bloomberg August 17, 2022

Ontario Teachers' Pension Plan earned 1.2% in first six months of 2022

Ontario Teachers' Pension Plan Board says it earned a total-fund net return of 1.2 per cent for the first half of this year. Ontario Teachers' chief executive Jo Taylor says the result for the six-month period came during a tumultuous time for global marke...

Source: BNN Bloomberg August 17, 2022

TSX recap: Index gains as financial stocks offset energy losses

Canada's benchmark stock index finished the Tuesday trading session in the green as gains in the financial, materials and industrial subsectors offset weakness in energy stocks. The S&P/TSX Composite Index closed 89.37 points higher, or 0.44 per cent, to 2...