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Top News In போர்ட்‌ஃபோலீயோ மேலாண்மை கார்ப் Today - Breaking & Trending Today

Strong stock market run not a signal of impending correction, say experts - Business News

Strong stock market run not a signal of impending correction, say experts - Business News
castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.

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TSX sets record despite crude prices dropping after hitting six-year high

TORONTO
After being underwater for most of the day, Canada s main stock index recovered to set a new record close after crude oil prices briefly hit their highest levels in more than six years.
The S&P/TSX composite index closed up 18.57 points to 20,300.03 after losing as much as about 129 points.
In New York, the Dow Jones industrial average was down 208.98 points at 34,577.37. The S&P 500 index was down 8.80 points at 4,343.54, while the Nasdaq composite was up 24.31 points at 14,663.64.
Investors were a little rattled in early trading by weaker ISM services numbers for June that suggest the rapid growth from the pandemic lows is starting to peak, says Anish Chopra, managing director with Portfolio Management Corp. ....

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Canada's TSX ends above 20,000 for first time as resource shares rally

TORONTO Canada’s main stock market index closed above 20,000 on Friday for the first time, extending a sharp rebound from its low last year during the… ....

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Norman Levine's Top Picks: May 7, 2021

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Chasing red-hot profit growth is a recipe for stock-market pain ....

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S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

TORONTO
A supportive environment bolstered U.S. stock markets and Canada s main stock index dipped on lower metals prices, while the loonie increased for a seventh-straight day to top 81 cents US.
“Strong U.S. day based on supportive Federal Reserve, rebound in the economic, strong earnings from market leaders and in Canada a mixed day, some strength in energy and financials, offset by weakness in materials,” said Anish Chopra, managing director with Portfolio Management Corp.
The American economy is on fire as first-quarter GDP surged at an annualized rate of 6.4 per cent.
Initial jobless claims continued to trend lower, increasing by 553,000 while corporate earnings reports have been strong with Facebook and Apple posting blowout results. ....

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