Market Barometer

Market Direction: Negative news is guiding the trading field and pushing buyers further into the sidelines or away from any speculative orders. At the forefront, are geopolitical concerns, and interest rate changes from the Central Banks. However, these appear to be more factored-in and less of an immediate impact than inflation. Sky-rocketing costs of living
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US stocks recorded their worst session since June 2020 as poor retail results unnerved traders. In New York, the Dow Jones plummeted 1,164.52 to 31,490.07, the S&P 500 dropped 165.17 to 3,923.68, while the Nasdaq Composite fell 566.37 to 11,418.15. Canada’s main stock index was pulled lower following reports that showed higher-than-expected inflation numbers. In
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US markets rallied sharply this afternoon as the U.S. Federal Reserve Chair Jerome Powell announced a half-point rate hike but left assurances against any bigger rate hikes. In New York, the Dow Jones jumped 932.27 to 34,061.06, the S&P 500 gained 124.69 to 4,300.17, while the Nasdaq Composite rose 401.10 to 12,964.86. Canada’s main stock
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Stocks finished mostly higher today, even as investors juggled several concerns, ranging from interest-raising recession fears, high inflation, mixed corporate earnings, and worries about China’s unyielding COVID outbreak. In New York, following an 800-point loss yesterday, the Dow Jones gained 61.75 to 33,301.93, the S&P 500 added 8.76 to 4,193.96 and the Nasdaq Composite eased
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U.S. stocks closed in mixed territory today, as traders evaluated a rush of Q1 results. In New York, the Dow Jones gained 249.59 points to 35,160.79, and the S&P 500 was mostly unchanged, down 2.76 at 4,459.45. The tech-heavy Nasdaq Composite fell 1.2% to 13,453.07 following the steep 35% plunge in Netflix shares. Canada’s main
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U.S. stocks ended higher today, as investors digested hot inflation data and mixed quarterly earnings. In New York, the Dow Jones gained 344.23 to 34,564.59, the S&P 500 added 49.14 to 4,446.59 and the Nasdaq Composite ended up 272.02 to 14,643.59. Canada’s main stock index closed higher today as the Bank of Canada approved its
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U.S. stocks fell today as investors eyed further hawkish remarks from the U.S. Federal Reserve that showed the Central bank remains open to aggressively raise interest rates to bring down demand and elevated levels of inflation. In New York, the Dow Jones fell 144.67 to 34,496.51, the S&P 500 dropped 43.97 to 4,481.15, while the
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The recent stock market rally faltered today as investors weighed economic and geopolitical risks from further Russian sanctions. In New York, the Dow Jones fell 65.38 to 35,228.81, the S&P 500 dropped 29.15 to 4,602.45 and the Nasdaq Composite gave up 177.36 to 14,442.27. Canada’s main stock index edged lower but held near record highs
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