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Futures tied to the S&P 500 rose slightly on Thursday, as investors seemed to brush off disappointing results from Meta Platforms
Futures for the Dow Jones Industrials jumped 217 points, or 0.7%, to 32,087.
Futures for the S&P 500 ditched four points to 3,837.25.
Futures for the NASDAQ Composite skidded 74 points, or 0.6%, to 11,372.
For the week, all the major averages remain in positive territory, with the Dow and S&P up more than 2% and NASDAQ roughly 1% higher. The Dow is on pace for its fourth positive week in a row since its five-week streak ended in November 2021.
Shares of the Facebook parent company plummeted 20% in premarket trading on a weak fourth-quarter forecast and disappointing third-quarter earnings. The company also said it would lose even more money next year building out the metaverse. The report led to several analysts downgrading the stock.
Traders also pored … Read more
Canada’s main stock index opened higher on Wednesday as commodity prices gained, while investors took in the interest rate decision from the country’s central bank amid expectations of another jumbo increase.
The TSX Composite gathered 69.91 points to open Wednesday at 19,166.62.
The Canadian dollar captured 0.19 cents to 73.63 cents U.S.
In company news, FirstService Corp reported third-quarter results before markets open.
FSV shares dropped $1.15 to $173.23.
The federal government on Tuesday imposed conditions on Rogers Communications’ proposed remedy to overcome competition bureau concerns about Rogers’ planned $20-billion purchase of rival Shaw Communications
Shares in Rogers began the day up $2.43, or 4.5%, to $56.06, while those for Shaw skyrocketed $3.03, or 8.9%, to $37.09.
The Bank of Canada confounded some of the experts by raising its trendsetting rate by less than had been projected. The central bank increased its target for the overnight rate to 3.75%, with … Read more