S&P Peaks Once Again

U.S. stocks climbed to record levels on Tuesday as major corporations continued to turn in solid quarterly results, but major averages closed off their highs of the day with some major tech names rolling over.

The Dow Jones Industrials stayed just north of breakeven 15.73 points to 35,756.88, still, another all-time record.

The S&P 500 acquired 8.31 points to 4,581.83, for yet another record high.

The NASDAQ Composite nicked higher 9.01 points to 15.235.71.

An intraday reversal in shares of Facebook weighed on major averages at midday. After trading flat to higher to start the session, Facebook shares dropped more than 5% at session low and closed 3.9% lower. The company topped analysts’ earnings expectations but missed estimates for revenue and monthly active users.

Tesla erased earlier gains and fell 0.6% Tuesday after the electric vehicle company soared more than 12% in the previous session to reach a $1 trillion … Read more

Dow, S&P 500 Climb to New Records

U.S. stocks rose to record highs on Monday as investors prepared for a major week of earnings from heavyweight tech companies.

The Dow Jones Industrials gained 64.13 points to 35,741.15,

The S&P 500 marched ahead 21.58 points to 4,566.48, for its own record high.

The NASDAQ Composite sprinted 136.51 points to 15.226.71, buoyed by a historic day for Tesla.

The electric vehicle pioneer, which reported record revenue and profits last week, gained more than 12% and saw its market cap surpass $1 trillion after Morgan Stanley hiked its price target on the shares to $1,200 from $900. Rental car company Hertz also announced that it would order 100,000 Tesla vehicles.

The sharp move for the stock helped the market start the week off strong ahead of a busy week of earnings. Tech giants Alphabet, Microsoft, Amazon and Apple are set to report this week, along with Dow components Caterpillar, Coca-Cola, … Read more

TSX Flat on Day, Hikes on Week

Equities in Canada’s largest market changed very little Friday, but cemented weekly gains, due to strong performances from energy and industrial stocks

The TSX Composite fought its way to a gain of 3.76 points to finish the day and the week at 21,216.15. Over the last five sessions, the index was ahead 288 points, or 1.38%.

The Canadian dollar added 0.04 cents to 80.87 cents U.S.

Energy led the festivities, with MEG Energy soaring 38 cents, or 3.4%, to $11.61, while Arc Resources skyrocketed 23 cents, or 2%, to $11.52.

In industrials, Bombardier gathered eight cents, or 3.9%, to $2.15, while TFI International climbed $3.55, or 2.5%, to $146.48.

In the financial sector, GoEasy jumped $3.33, or 1.7%, to $197.94, while gained $1.10, or 2.2%, to $50.30.

In health-care, Canopy Growth shares dumped 85 cents, or 4.9%, to $16.52, while Organigram Holdings shed 13 cents, or 4.3%, to $2.99.

Tech … Read more