Source: REUTERS/Mark Blinch
Market Herald logo

Subscribe

Be the first with the news that moves the market

After the biggest two-day surge since 2020, North American markets gave up some ground on Wednesday. Canada’s main stock index retreated as the recent hot market rally was doused. Only the energy sector moved higher.


Sponsored by
RESOURO GOLD Annouces Positive Metallurgical Test Work Results

U.S. stocks also fell as Wall Street receded from the sharp rally that lifted averages above the year’s lows, cut short by rising Treasury yields. New data showed that despite rising interest rates, the demand in labour market remained firm and the services industry slowed modestly.

Today in the Markets

TSX 19,235.09 -135.90 TSX
TSXV 622.62 -0.61 TSXV
CSE 240.09 -3.78 TSXV
DJIA 30,273.87 -42.45 DJIA
NASDAQ 11,148.64 -27.77 NASDAQ
S&P 500 3,783.28 -7.65 S&P 500

The Canadian dollar traded for 73.37 cents US compared to 73.98 cents US on Tuesday.

US crude futures traded 1.42 per cent higher at $87.75 a barrel, while the Brent contract gained 1.67 per cent to $93.33 a barrel.

The price of gold was down US10.44 to US$1,715.05.

In world markets, the Nikkei was up 128.32 points to 27,120.53, the Hang Seng was up 1,008.46 points to 18,087.97, the FTSE was down 33.84 points to 7,052.62, and the DAX was down 153.30 points to 12,517.18.





DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.

Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.


More From The Market Herald

" @ the Bell: Unrest over COVID sanctions drags markets lower

After a few solid trading sessions, Canada’s main stock index slid back into negative territory on Monday. Tech and industrial shares moved higher.
The Market Herald Video

" Ascendant Resources (TSX:ASND) closes US$15 million financing agreement with Sprott Streaming

Ascendant Resources (ASND) has signed a US$15 million metals stream agreement with Sprott Streaming and Royalty Corp.
The Market Herald Video

" Coelacanth Energy (TSXV:CEI) announces Q3 2022 financial and operating results

Coelacanth Energy (CEI) recently released its latest financial and operating results.

" Blue Star Gold builds on strong drill results

Blue Star Gold Corp (TSXV: BAU/