Stocks Take Another Pounding

Investors betrayed nerves again Thursday, as the volatile stock markets again pointed south as resource issues faced downward pressure.

The TSX ended the day negative 188.09 points, or 1%, to 19,142,72

The Canadian dollar dropped 0.08 cents to 76 cents U.S.

Materials weighed the most on the market Thursday, with Ivanhoe Mines falling 52 cents, or 6.2%, to $7.92, while First Quantum Minerals boarded the “down” elevator $2.26, or 9.7%, to $20.98.

Energy stocks were also bruised, as Athabasca Oil gave back 15 cents, or 5.8%, to $2.44, while Secure Energy Services decreased 31 cents, or 5.4%, to $5.40.

Among gold stocks, Equinox Gold let go of 27 cents, or 5.9%, to $4.34, while Kinross Gold lost 22 cents, or 5.1%, to $4.09.

Consumer staples tried to reverse the downward trend, as Alimentation Couche-Tard gained $1.97, or 3.5%, to $58.41, while Empire Company hiked 62 cents, or 1.7%, to $38.03. … Read more

Canada Jobs Numbers End Shortened Week

Monday

U.S. and Canadian markets are closed for Labour Day

Tuesday

U.S.

Economic Lookahead

S&P U.S. services PMI (final) (August)

ISM services index (August)

Featured Earnings

UiPath, Inc. (NYSE: PATH) (Q2) EPS projected for loss of 24 cents, compared to loss of 17 cents in the prior-year quarter.

Guidewire (NYSE: GWRE) (Q4) EPS projected for loss of 33 cents, compared to a gain of six cents in the prior-year quarter.

Coupa Software (NASDAQ: COUP) (Q2) EPS projected for loss of 65 cents, compared to 35 cents in the prior-year quarter.

Wednesday

U.S.

Economic Lookahead

International trade balance (July)

Fed Beige Book

Featured Earnings

GameStop Corp. (NYSE: GME) (Q2) EPS projected for loss of 38 cents, compared to loss of 19 cents in the prior-year quarter.

Casey’s General Stores, Inc. (NASDAQ: CASY) (Q1) EPS projected for $3.32, compared to $3.19 in the prior-year quarter.

Academy Sports and Outdoors, Inc. (NASDAQ: ASO) … Read more

Futures Gain Friday

Canada’s main stock index was set to open firmer on Friday on a recovery in crude and gold prices, but the benchmark index was on course for its biggest weekly loss since June.

The TSX ended the day negative 188.09 points, or 1%, to at 19,142,72

Futures gained 0.3% Friday.

Markets throughout North America are to be shuttered Monday for Labour Day

ON BAYSTREET

The TSX Venture Exchange lost 11.3 points, or 1.8%, to 627.14

ON WALLSTREET

U.S. stock futures were flat Friday morning as investors await a key jobs report for August that will give more information about the state of the economy and could determine the pace of future Federal Reserve interest rate increases.

Futures for the Dow Jones Industrials ditched three points early Friday to 31,660.

Futures for the S&P 500 handed back one point to 3,967.75

Futures for the NASDAQ Composite slid 17 points, or 0.1%, … Read more