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05.09.2020 / 00:57

North American stock exchanges plunge amid technology sector selloff

main stock index rallied to end the trading week but still posted its largest two-day decline in nearly three months led by a continuing selloff of the technology sector.The correction took place as investors crystalized some profits from the overvalued Canadian sector that is up 81.25 per cent on a 200-day moving average.The tech-heavy Nasdaq composite has soared as much as 75.7 per cent from the March low and even after this week’s 3.3 per cent pullback remains up 26 per cent year-to-date.

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Dow drops 1,800 points — its worst day since March — as U.S. coronavirus cases rise

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]Those factors, along with the recent run-up in stock prices, set the stage for the wave of selling Thursday, said Sal Bruno, chief investment officer at IndexIQ.“It’s not surprising to see a bit of a sell-off, given the furious rally we’ve had coming out of the lows, despite the fact that the economy was not doing great,” Bruno said.“The fact that (the Fed) is talking about keeping interest rates this low through 2022 is a little eye-opening for a lot of folks.”The S&P 500 plunged 5.9 per cent to 3,022 points.

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Stocks drop at the open on fears of a second coronavirus wave

stocks opened sharply lower on Thursday, June 11 with the Nasdaq falling after a four-day rally on fears of a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve.The Dow Jones Industrial Average fell 707.48 points, or 2.62 per cent, at the open to 26,282.51. The Nasdaq Composite dropped 229.11 points, or 2.29 per cent, to 9,791.24 at the opening bell.

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North America stock markets end week with a jump despite historic job losses

North American stock markets marched higher to end the week despite historically bad jobless numbers resulting from the COVID-19 pandemic.

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Shopify replaces RBC as Canada’s top company amid coronavirus

Shopify Inc. overtook the Royal Bank of Canada to become the country’s most valuable company after the company reported revenue growth and strong demand for its services, thanks in part to a boom in online shopping while Canadians practise physical distancing amid the coronavirus pandemic

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TSX falls before ending one of its best months in years

Canada’s main stock index ended lower to cap one of its best months in years and partially recover the steep declines of March.

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Stocks rise as U.S. jobless claims blowout fuels hope for more COVID-19 aid

North American stock markets jumped at the open on Thursday, building on a two-day rally, as investors bet on more stimulus measures after the U.S. jobless claims surged past 3 million last week, underscoring the economic impact of the coronavirus pandemic.

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Dow surges over 11% in strongest one-day gain since 1933 as U.S. inches closer to deal

The Dow soared on Tuesday to its biggest one-day percentage gain since 1933, after U.S. lawmakers said they were close to a deal for an economic rescue package in response to the coronavirus outbreak, injecting optimism following the biggest selloff since the financial crisis.

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Coronavirus: TSX, Wall Street inch higher, market volatility at record high

North American stocks opened slightly higher on Friday, in what is still the market’s worst month in three decades, as intervention by U.S. and Canadian policymakers finally seemed to stem the financial market panic over the novel coronavirus pandemic.

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Coronavirus: TSX, Wall Street drop at the open despite stimulus news

North American stock markets dropped again at the open on Wednesday despite extraordinary government efforts to stem the spread of the novel coronavirus and blunt the effect of business closures amid the health emergency.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0