S&P Breaks 4,000 Barrier

The S&P 500 crossed the 4,000 threshold for the first time Thursday as Wall Street built on a solid March following the rollout of President Joe Biden’s infrastructure plan.

The Dow Jones Industrials leaped 171.66 points to finish the day and week at 33,153.21.

The S&P 500 picked up 46.98 points, or 1.2%, to 4,019.87.

The NASDAQ Composite recouped 233.24 points, or 1.8%, to 13,480.11.

Alphabet and Netflix jumped more than 3%, while Amazon and Microsoft gained over 2%.

Wall Street just wrapped up March with solid gains. The Dow picked up 6.6%, and the S&P 500 climbed 4.3%, last month, posting their best month since November.

It was a short week, due to Good Friday, with the Dow closing 80 points better, or 0.24%, while the S&P took hold off 45 points, or 1.14%, and the NASDAQ jumped 341 points, or 2.6% over the last four trading days.

Microsoft … Read more

TSX Finishes Short Week Strong

Stocks in Toronto started April and the calendar year’s second quarter with a bang, climbing nearly 300 points, on the strength of resource stocks.

The TSX thundered higher 289.65 points to close Thursday at 18,990.32. The hike on the week was 237 points, or 1.27%.

The Canadian dollar gained 0.11 cents at 79.70 cents U.S.

Ontario will enter another lockdown on the weekend for 28 days, as it grapples with rising COVID-19 cases and intensive care hospitalization rates.

Gold led the way among gaining stocks, with Torex Resources vaulting 89 cents, or 5.6%, to $16.76, while NovaGold up 66 cents, or 6%, to $11.62.

The materials sector also flexed its muscles, with Endeavour Silver gaining 33 cents, or 5.3%, to $6.55, while Endeavour Mining ahead $1.37, or 5.4%, to $26.70.

Among energy plays, Parex Resources jumped $1.01, or 4.5%, to $23.42, while Cenovus Energy popped 41 cents, or 4.3%, to … Read more

Canada Jobs Due for Next Week



Economic Lookahead

Markit Services Purchasing Managers Index (final) (March)

Institute for Supply Management Services Index (March)

Factory Orders (Feb.)

Featured Earnings

Oramed Pharmaceuticals Inc. (NASDAQ:ORMP) (Q2) EPS projected of 61 cents, compared to 28 cents in the prior-year quarter.

SeaChange International (NASDAQ: SEAC) (Q1) EPS projected for loss of 11 cents, compared to a gain of 11 cents in the prior-year quarter.


Featured Earnings

Planet 13 Holdings Inc (C.PLTH) (Q4) EPS projected of 6.5 cents, compared to breakeven in the prior-year quarter.



Economic Lookahead

Job Openings (Feb.)

Featured Earnings

Paychex Inc. (NASDAQ: PAYX) (Q3) EPS projected of 93 cents, compared to 97 cents in the prior-year quarter.

Lindsay Corporation (NYSE: LNN) (Q2) EPS projected of 88 cents, compared to 51 cents in the prior-year quarter.

The Greenbrier Companies (NYSE GBX)(NYSE:GBX) (Q2) EPS projected for loss of 39 cents, compared to a gain of 46 cents … Read more