Daily News

Source: BNN Bloomberg October 04, 2022

Wall Street capitulation calls get ever harder as U.S. stocks bounce

After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday. With almost everyone cashing out lately, it didn’t take much to drive the 2.6 per...

Source: BNN Bloomberg October 01, 2022

Wall Street and Main Street bail on U.S. stocks with Fed enemy No. 1

The Federal Reserve isn’t done tightening the screws on the economy -- and doesn’t care what that does to your portfolio. It took six months, but that message is getting received loud and clear in the stock market, day by day. From retail traders to smart-...

Source: BNN Bloomberg October 01, 2022

S&P 500 closes quarter at lowest in two years

U.S. stocks suffered its worst monthly rout since March 2020 after markets were repeatedly pummeled by the Federal Reserve’s resolve to keep raising interest rates until inflation is under control.  The S&P 500 closed a volatile session lower. The index su...

Source: BNN Bloomberg October 01, 2022

BofA strategists see Wall Street rout forcing asset sales

Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists.  The NYSE Composite Index, which includes US stocks, depositary receipts and real estate investment trusts, has broken multip...

Source: BNN Bloomberg October 01, 2022

TSX today: Composite ekes out 0.01% gain but down for the quarter

A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX Composite Index with the barest of gains while U.S. markets swung deep into the red. The S&P/TSX Composite Index closed up 2.38 points, or 0.01 per cent, Friday at...

Source: BNN Bloomberg October 01, 2022

Pound claws back budget-shock loss on bets for policy revamp

The pound rallied for a fourth day as traders speculated the UK government will water down fiscal policies that pummeled the currency to a record low at the start of the week. Sterling soared over 1 per cent on Friday to US$1.1234, surpassing levels seen b...

Market Call Source: BNN Bloomberg October 01, 2022

Brianne Gardner's Top Picks: September 30, 2022

Brianne Gardner, wealth manager and investment advisor, Velocity Investment Partners, Raymond James FOCUS: North American large-cap stocks  MARKET OUTLOOK:  We have some historically unique challenges right now, but we’re also heading into a season...

Source: BNN Bloomberg September 30, 2022

U.S. stocks plummet to 22-month low as Fed hawks circle

U.S. stocks plunged to the lowest since November 2020 as another group of Federal Reserve officials struck a hawkish tone, and turmoil in Europe continued to fray investor nerves. The S&P 500 fell as much as 2.9 per cent during Thursday’s session but trimm...

Source: BNN Bloomberg September 30, 2022

TSX today: Index swings back to losses, ends down 1.1%

Canada's main stock index ended down more than 1.1 per cent in broad-based declines on continued economic growth concerns, while U.S. stock markets also fell. The S&P/TSX Composite Index closed down 207.08 points at 18,441.84. In New York, the Dow Jones...

Market Call Source: BNN Bloomberg September 30, 2022

Darren Sissons' Top Picks: September 29, 2022

Darren Sissons, vice-president and partner, Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: Given current market conditions, a regime change is clearly in effect, which drives four investment considerations moving forward....