Dow Bruised for Second Straight Day

The Dow Jones Industrial Average fell for a second day as investors digested the Federal Reserve’s latest policy update, where it moved up its timeline for interest rate hikes and forecast higher inflation.

The 30-stock index dumped 210.22 points to close Thursday at 33,823.45, weighed down by 3% losses in Dow Inc. and Caterpillar as most commodity prices took a hit.

The S&P 500 dipped 1.84 points to 4,221.86

The NASDAQ gained 121.67 points to 14,161.35, as investors huddled in some Big Tech stocks with Tesla up 1.9% and Snowflake up 2.8%. Shopify took on 6.1% and Twilio gained 8%.

Materials-related stocks led the losses as the Fed’s move to eventually raise rates, along with a current campaign by China to tamp down metals prices, took the air out of a surge in commodity prices this year.

The closely-watched Federal Reserve meeting Wednesday spurred a selloff in equities after the … Read the rest

Dow Tumbles as Fed Signals Two Rate Hikes

U.S. stocks dropped on Wednesday after the Federal Reserve raised its inflation expectations and moved up the time frame on when it will hike interest rates next.

The Dow Jones Industrials hurtled earthward 265.66 points to greet the closing bell Wednesday at 34,033.67.

The S&P 500 demurred 22.89 points to 4,223.70. The broad equity benchmark dropped as much as 1% in volatile trading as all 11 sectors fell into the red at one point.

The NASDAQ faded 33.17 points to 14,039.68.

Economic reopening plays provided the broader market with some support. Royal Caribbean and Norwegian Cruise Line both climbed about 2% after an upgrade from Wolfe Research. United Airlines and American Airlines also registered gains.

The policymaking Federal Open Market Committee indicated that rate hikes could come as soon as 2023, after signaling in March that it saw no increases until beyond that year.

he central bank gave no indication … Read the rest

Robert Kernodle On HubPages

Home values are down sharply, making them and all consumers feel less wealthy, and also cutting off a handy source of money from home-equity loans for new more expensive toys.

economy of scale

Getting your house cleaned by an expert cleaning company can relay be a great experience. If you do not have the time to visit the location there are laundry delivery services that will offer to pick up and drop off the laundry when it has been cleaned and folded. Regularly customers setup a recurring delivery schedule and can even just leave the bag outside so that it seemingly disappears when dirty only to reappear in a few days cleaned and folded. Whether you use a drop off laundry service or opt to have laundry picked up and delivered they can not only wash regular clothing but also delicate and oversize items such as blankets and rugs. The … Read the rest

Indexes Flounder Ahead of Fed Meeting

U.S. stocks fell slightly on Tuesday with the S&P 500 and the NASDAQ Composite slipping from their respective records, as investors awaited the key Federal Reserve’s monetary policy meeting.

The Dow Jones Industrials lost 94.42 points to 34,299.33.

The S&P 500 fell 8.56 points to 4,246.59

The NASDAQ tumbled 101.29 points to 14,072.86, as Apple, Alphabet, Alphabet and Microsoft all registered losses.

Real estate and tech were the biggest laggards on Tuesday, while the energy sector provided the broader with some support, rising 2.1%. Diamondback Energy jumped 5.1%, and Exxon Mobil and Occidental Petroleum climbed more than 3% each.

On the data front, the final demand index for producer prices advanced 6.6% for the 12 months ended in May, the largest increase since 12-month data were first calculated in November 2010.

On a monthly basis, the producer price index for final demand rose 0.8%, ahead of the Dow Jones estimate … Read the rest

Nasdaq and S&P 500 Close at Record Highs

The Nasdaq and the S&P 500 on Monday closed at record levels as Wall Street prepared for a key meeting of the Federal Reserve later this week.

The S&P 500 closed up 0.18% to 4,255 to mark its third consecutive record closing high, while the Nasdaq climbed 0.74%.

The Dow Jones Industrial Average fell 85 points, or 0.25%, to 34,393.

Investors will be keeping a close eye on an upcoming announcement on interest rates from the Federal Reserve’s policy-setting body, the Federal Open Market Committee, on Wednesday, followed by a press conference from Fed Chairman Jerome Powell.

While the U.S. central bank isn’t expected to take any action with respect to rates or a tapering of monthly asset purchases, Wall Street will be monitoring the meeting closely for the Fed’s forecasts on inflation and the strength of the economic recovery.

Lordstown Motors (RIDE) said Monday that CEO Steve Burns and … Read the rest

TSX Finds New Heights

Equities leaped midday Friday, as energy stocks gained on higher crude prices and upbeat economic data bolstered optimism over an economic

rebound.

The TSX Composite index strengthened 98.3 points to reach noon hour EDT Friday at 20,147.77, another intraday record for the exchange.

The Canadian dollar erased 0.4 cents to 82.23 cents U.S.

Hudbay Minerals was up 25 cents, or 32.9%, to $8.77, while First Quantum Minerals popped 78 cents, or 2.7%, to $29.33.

Enghouse Systems fell $2.29. or 4.3%, to $51.55, after the software provider missed second quarter estimates, while NorthWest Healthcare Properties, fading 23 cents, or 1.8%, to $12.85.

The Bank of Canada said on Thursday that inflation could remain higher than projected if supply imbalances and pressures on capacity persist, which might lead it to reduce stimulus more quickly than currently expected.

ON BAYSTREET

The TSX Venture Exchange docked 0.43 points to 979.48.

All but two of … Read the rest

New Closing Record for TSX

It was another weekend to celebrate not only summer, but yet another all-t1me record for equities in Toronto, spirited up mostly by energy and consumer interests.

The TSX Composite index vaulted 88.88 points to end Friday and the week at 20,138.35 another all-time record for the exchange. The gain on the past five sessions was 109 points, or 0.54%.

The Canadian dollar erased 0.43 cents to 82.23 cents U.S.

Among energy stocks, Tourmaline Oil gained $2.47, or 8.1%, to $33.17, while Arc Resources picked up 20 cents, or 2%, to $10.11.

In the industrial sector, Brookfield Business Partners added $2.27, or 4.3%, to $55.07, while Ballard Power Systems increased 51 cents, or 2.4%, to $22.15.

In the consumer discretionary field, Canada Goose Holdings leaped $2.12, or 4.4%, to $50.32, while Dollarama hiked $1.53, or 2.8%, to $55.91.

In resource stocks, Sandstorm Gold docked 23 cents, or 2.1%, to $10.87, while … Read the rest

Housing Figures, Manufacturing Figures Due Next Week

Monday

U.S.

Featured Earnings

NextDecade Corporation (NASDAQ: NEXT) (Q1) EPS projected for loss of seven cents, compared to loss of two cents in the prior-year quarter.

Avenue Therapeutics Inc. (NASDAQ: ATXI) (Q1) EPS projected for loss of six cents, compared to the loss of eight cents in the prior-year quarter.

Canada

Economic Lookahead

Monthly Survey of Manufacturing (April) Manufacturing sales bounced back in March, rising 3.5% to $57.8 billion, following a 1.1% decline in February. Gains were widespread across all major industries.

Featured Earnings

GURU Organic Energy Corp. (T.GURU) (Q2) EPS projected for loss of eight cents, compared to a loss of two cents in the prior-year quarter.

HEXO Corp. (T.HEXO) (Q3) EPS projected for a loss of six cents, compared to a loss of 17 cents in the prior-year quarter.

Major Drilling Group International Inc. (T.MDI) (Q4) EPS projected for gain of nine cents, compared to a loss of … Read the rest

S&P Dismisses Inflation Fears and Hits New High

The S&P 500 rose to an all-time high on Thursday as investors shrugged off a key inflation report that showed a bigger-than-expected increase in price pressures.

The Dow Jones Industrials came off its high of the day, but still gained 19.1 points to finish at 34,466.24.

The broader index gained 19.63 points to 4,239.18, overtaking its May 7 high after the market traded sideways for a month.

The NASDAQ jumped 108.58 points to 14,020.33.

UPS shares rose about 1% after an upgrade from JPMorgan. Shares of Boeing were higher, but Delta Air Lines slipped.

Video-game retailer and meme stock GameStop fell 27% even after the company tapped former Amazon executive Matt Furlong to be its next CEO and said that sales rose 25% last quarter. The company also said it may sell up to five million additional shares.

Consumer prices for May accelerated at their fastest pace since the summer … Read the rest

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Professional ethics is related to any work that a person does for an occupation and his concern towards the society. – Cross Check the Data – By checking the CRM system’s data with data from other sources, you can compare areas of strengths and weaknesses. This is a great thing to do before each sales meeting. No matter whether it is controlling the weed growth, removing or trimming, these services specialize in each and every aspect. You should ensure that you trees get pruned regularly so that they remain resistive to various diseases. A professional tree services will surely help you to know the best cutting schedule for you tree. You have to ensure that while … Read the rest