Stocks Start June Flat Despite Oil Rally

U.S. stocks posted modest gains on Tuesday as optimism about the economic reopening managed to offset lingering angst about inflation and price pressure.

The Dow Jones Industrials gained 46.25 points to close Tuesday at 34,575.70, after gaining as many as 300 points after the opening bell in New York.

The S&P 500 deleted 2.04 points to 4,202.07, as weakness in technology stocks offset gains made in energy, materials and financials.

The NASDAQ dipped 12.26 points to 13,736.48,

Markets in the U.S. were shuttered Monday for Memorial Day.

The Dow gains came as COVID cases continue to decline and vaccinations rise in the U.S. In a major milestone, more than half the U.S. population has received at least one dose of a COVID vaccination, according to data posted by the Centers for Disease Control and Prevention.

The improving domestic coronavirus situation, coupled with the arrival of summertime weather, sparked another day … Read the rest

Microsoft Dynamics ERP Selection

This field of study generates information and data as to the handling of patients in their emotional stability, thought processes, behavioral stability and other forms of their mental action.

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Customer relationship management (CRM) solutions have been around for a long time now. Government hospitals as part of the public sector require translation services, why? With medical related issues, it’s all about dealing with the lives and the health of people. This requires clear communication between the doctor and the patient. A medical interpreter will help the patient to explain the problem fully to the doctor as well as making sure that the doctor understands the patient’s problem. As I said earlier that in public places like medical centers, health care units, people of different tribes, different language speakers visit these them looking for medical care, translation services will, therefore, be helpful. profesional service As a one-stop solution … Read the rest

Winning Streak on TSX Cools off a Mite

It was just a matter of time, but elements threw cold water on the upward momentum of Canada’s largest market as weakness in health-care and consumer stocks outdid gains by energy issues.

The TSX tumbled 121.19 points from Friday’s all-time high to conclude Monday at 19,730.99

The Canadian dollar eked up 0.10 cents to 82.88 cents U.S.

Even so, Reuters poll of strategists predicted that the main index will climb above the 20,000 mark by the end of 2021 as a recovery in the global economy from the coronavirus crisis boosts the outlook for resource stocks.

Health-care stocks weighed heaviest on the index, with Cronos Group fading 59 cents, or 5.5%, to $10.22, while Organigram Holdings lost 16 cents, or 4.2%, to $3.68.

Consumer discretionary stocks also got pounded, Sleep Country handing back 63 cents, or 2.1%, to $29.39, while Aritzia descended 42 cents, or 1.4%, to $29.33.

In consumer … Read the rest

Week Shortened in U.S. by Memorial Day



U.S. markets are shuttered for Memorial Day


Economic Lookahead

Industrial Product Price Index (April) In March, the Industrial Product Price Index increased 1.6% month over month and 10.0% year over year

Raw Materials Price Index (April) The Raw Materials Price Index was up 2.3% month over month and up 34.7% year over year.

Featured Earnings

Adventus Mining Corporation (T.ADZN) (Q4) EPS projected for loss of four cents, compared to a loss of one cent in the prior-year quarter.

Auxly Cannabis Group Inc. (T.XLY) (Q4) EPS projected for loss of one cent, compared to a loss of seven cents in the prior-year quarter.

Neo Lithium (V.NLC) (Q1) EPS projected at breakeven, compared to a gain of 12 cents in the prior-year quarter.



Economic Lookahead

IHS Markit U.S. Manufacturing PMI (May)

Institute for Supply Management Manufacturing Index (May)

Construction spending (April)

Featured Earnings

Hewlett Packard Enterprise Company

Read the rest

S&P Heads Higher for 4th Month in a Row

The S&P 500 climbed slightly on Friday to close its fourth straight positive month amid growing optimism over the U.S. economic recovery.

The Dow Jones Industrials amassed 64.81 points to end the day and the week to 34,529.45.

The S&P 500 added 3.23 points to 4,204.11.

The NASDAQ stayed in the green 12.46 points to 13,748.74.

The blue-chip Dow took on 0.9% and the S&P 500 advanced 1.2% this week, both breaking a two-week losing streak. The NASDAQ rose 2.1% to post its best weekly performance since April 9.

For the month of May, the 30-stock Dow gained 1.9% and the S&P 500 jumped 0.6%, posting their fourth up months in a row. The tech-heavy NASDAQ, however, suffered a 1.5% loss this month for its first negative month in seven.

Markets in the U.S. will be closed Monday for Memorial Day

Salesforce shares popped more than 5% Friday after the … Read the rest

TSX Goes Skyward Again, to another All-Time High

Stocks in Toronto capped off a brilliant, if short, week with another strong performance on Friday, propelled by health-care and resource issues.

The TSX muscled higher 77.77 points to conclude Friday at 19,852.18, yet another all-time high. On the week, the gain was nearly 325 points, or 1.7%.

The Canadian dollar subtracted 0.03 cents to 82.81 cents U.S.

Health-care stocks pulled more than their fair share of the weight, with Cronos Group stronger by $1.03, or 10.9%, to $10.45.

Organigram Holdings tallied 20 cents, or 5.7%, to $3.70.

In the gold patch, Sandstorm Gold hiked 33 cents, or 3.2%, to $10.55, while Barrick Gold shone 90 cents, or 3.2%, to $29.13.

In the communications sector, AcuityAd Holdings surged 48 cents, or 3.8%, to $13.25, while Corus Entertainment collected 14 cents, or 2.4%, to $6.10.

Only utilities found their end of the boat sinking, with Northland Power down 89 cents, or … Read the rest

Jobs Numbers Propel Dow Higher

U.S. stocks climbed on Thursday as investors cheered stronger-than-expected labour-market data.

The Dow Jones Industrials came off its peaks of the day, but remained positive 141.59 points to 34,464.64.

The S&P 500 added 4.89 points to 4,200.88.

The NASDAQ gave up earlier gains and edged down 1.72 points to 13,736.28.

Shares of Boeing advanced 3.9% on optimism about an economic recovery.

Gains for the overall market were capped however, as investors lightened up on technology shares as they rotated into cyclical stocks. Microsoft, Netflix, Alphabet and Apple all registered losses.

Snowflake shares fell 4% after the data-analytics software company reported widening losses. Nvidia’s stock dipped slightly even after the chip giant’s earnings and sales for the first quarter both beat Wall Street expectations. Its revenue grew 88% compared to last year.

Meme stocks, which have jumped this week amid a resurgence in speculative trading, turned higher again on Thursday. GameStop … Read the rest

Happy 125th, Dow Jones

U.S. stocks rose slightly on Wednesday as shares tied to the economic reopening supported the broader market once again.

The Dow Jones Industrials finished the day but 10.26 points over the breakeven point to 34,322.72.

The S&P 500 added 7.86 points to 4,195.99.

The NASDAQ gained 80.82 points to 13,738.

Shares of companies linked to a recovering economy gained. Carnival Corp rose 2.8%. Royal Caribbean jumped 3.9% and brought its gain this week to over 11% after the cruise line operator received approval to begin test cruises with volunteer passengers.

Shares of Ford rose more than 8% after the automobile giant said it is increasing its investment in electric vehicles to $30 billion through 2025.

The optimism on the economy comes as U.S. average daily COVID cases fall below 25,000 and as nearly half the U.S. population has received at least one vaccination dose.

Bitcoin continued its comeback, helping risk … Read the rest

Stocks Stagger by Close

U.S. stocks wiped out earlier gains and finished Tuesday’s session lower as the market struggled for a direction.

The Dow Jones Industrials shed earlier gains and lost 81.52 points to end Tuesday at 34,312.46.

The S&P 500 fell 8.92 points to 4,188.13, dragged by the energy sector.

The NASDAQ ducked four points to 13,657.17.

Big Tech shares Apple and Netflix both erased an earlier advance and dipped into negative territory. Amazon shares came under pressure after Washington, D.C. Attorney General Karl Racine said he’s suing the e-commerce giant on antitrust grounds.

He alleged Amazon’s practices have unfairly raised prices for consumers and suppressed innovation. But shares eventually rose 0.4% on the day.

Airlines and cruise lines provided the broader market with some support. United Airlines jumped 1.5% after the carrier said yields on domestic leisure tickets purchased this month topped 2019 levels amid the reopening. Boeing also gained 1.4%. Norwegian … Read the rest

Cryptocurrencies Attempt To Rebound After Plunging Over The Weekend

The wild ride for cryptocurrencies continues.

The cryptocurrency market edged higher in pre-market trading Monday (May 24) after plunging over the weekend. The price of Bitcoin was near $37,000 U.S. early on Monday after plummeting to less than $32,000 U.S. on Sunday.

Bitcoin was up 8% at $36,764.83 U.S. Monday morning, according to CoinDesk, which put the market capitalization of the world’s largest digital coin at $686 billion U.S..

Ethereum, the world’s second largest cryptocurrency, rose from less than $1,800 U.S. on Sunday to over $2,300 U.S. in pre-market trading on Monday. Ethereum has risen 14% in less than 24 hours and now has a market capitalization of around $266 billion U.S., according to CoinDesk.

Cryptocurrency Dogecoin also showed signs of recovery, with its price rising from 24 cents U.S. on Sunday to 33 cents U.S. on Monday.

Last week’s broad sell-off in cryptocurrencies came after authorities in China and … Read the rest