Daily News

Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley. “The index usually is the last thing to fall,” Wilson, who’s predicted this year’s equity...

A surprising late-day reversal took US stocks higher as investors await Friday’s jobs report to gauge how hawkish the Federal Reserve will be. Recent data pointed to a resilient US economy, buoying sentiment later in the day.  The S&P 500 ended its losing...

Famed investor Jeremy Grantham said the “super bubble” he previously warned about has yet to pop, even after this year’s turbulence in the US stock market.  The co-founder of Boston asset manager GMO, known for calling market bubbles, said in a note Wednes...

BlackRock Inc.’s senior investment strategist Kurt Reiman says shares of oil and gas companies will continue to be a rare bright spot in an otherwise tough market, even as the asset manager downgrades its position on equities to underweight as central bankers...

Canada's main stock index extended its broad-based sell-off into a fifth straight day Thursday, as recessionary fears mounted and global commodity prices slumped. The S&P/TSX composite index closed down 188.09 points at 19,142.72. In New York, the Dow J...

Jason Mann, co-founder and chief investment officer, EHP Funds FOCUS: North American equities MARKET OUTLOOK: Despite the rally of the lows in July, markets have continued to be volatile across asset classes, and we don’t believe we are out of t...

Strategists at RBC Dominion Securities Inc. added two new names, GFL Environmental Inc. and National Bank of Canada, to their Canadian Focus List on Thursday, while The Bank of Nova Scotia was removed from the list. The bank’s Focus List is comprised of at...

Market optimists, rejoice. Dip buyers haven’t completely abandoned the US stock market, judging by at least one technical lens.  Bank of America Corp.’s so-called sell-side indicator ticked higher in August for the first time since October 2021. The gauge...

US stocks suffered a third weekly loss after jobs data did little to alter views on the Federal Reserve’s next policy move. The S&P 500 contended with its longest weekly losing streak since mid-June, as the central bank’s hawkish chorus grew louder in rece...

Investors bracing for a recession jolt accelerated their retreat from stocks after the Federal Reserve warned it won’t be easily deterred in its fight against inflation, Bank of America Corp. strategists say. Global equity funds had outflows of US$9.4 bill...