S&P, NASDAQ Down for 3rd Straight Day

Stocks fell Tuesday as traders struggled to recover from sharp losses suffered in the previous session and looked ahead to more economic data.

The Dow Jones Industrials fought its way into positive territory 1.02 points, to conclude Tuesday at 33,850.45.

The S&P 500 sagged 6.51 points to 3,957.43.

The NASDAQ dropped 65.72 points to 10,983.78.

Recent data from Salesforce suggests that Apple Pay is successfully winning over consumers and taking share away from PayPal, which is one of its longstanding competitors, Deutsche Bank says.

The findings show that Apple Pay grew 52% in November on a year-over-year basis, and 59% in the U.S. alone, even though it accounts for just 5% of global e-commerce purchases, wrote analyst Bryan Keane in a note to clients Monday.

At the same time, usage of PayPal, which makes up 16% of e-commerce purchases worldwide, slipped 8% year over year and 4% on that same … Read more

Mobile and broadband firms meet ministers to help people facing cost of living difficulties  

The UK’s biggest broadband and mobile operators have today met with the government to follow up on commitments agreed in the summer to support customers with the cost of living.

Digital minister Julia Lopez called together leaders from the telecoms sector – including BT, Virgin Media, O2, Sky, Vodafone, TalkTalk, Three Mobile, Hyperoptic and Ofcom – at the Department for Digital, Culture, Media and Sport (DCMS) for an update on work to boost awareness of social tariffs.

Minister Lopez urged the sector to commit to raising awareness of these affordable deals available for people in receipt of Universal Credit, which could save them up to £180 per year when compared to the average tariff.

An Ofcom report in September found that only 31 per cent of eligible groups were aware that social tariffs were available, despite them being available in 99 per cent of the UK to reach those who … Read more

TSX Shares in General Equity Gloom

Jitters over the world situation, particularly with respect to the COVID virus which refuses to go away, left world markets rattled, especially those in Canada.

The TSX Composite lost 163.28 points to end Monday at 20,220.49.

The Canadian dollar slid 0.46 cents to 74.11 cents U.S.

Gold and materials led the way down Monday, as Equinox Gold was pasted 35 cents, or 7.5%, to $4.35, while Seabridge slid 94 cents, or 5.6%, to $15.76.

Endeavour Silver staggered 38 cents, or 8.3%, to $4.22, while MAG Silver skidded $1.39, or 6.6%, to $19.65.

In real-estate, Tricon Capital slid 54 cents, or 4.6%, to $11.31, while InterRent REIT units lost 46 cents, or 3.6%, to $12.18.

Consumer staples tried to turn the ship around, with Loblaw surging $3.57, or 3%, to $121.32, while Empire Company gained 81 cents, or 2.3%, to $36.66.

Haivision Systems buoyed the tech sector, jumping 40 cents, or … Read more