* TSX ends up 72.19 points, or 0.4%, at 20,525.45. * Posts its highest closing level since June 9. * Technology sector gains 2.8% * CIBC shares fall 7.7% By Fergal Smith. TORONTO, Dec 1 - Canada's main stock index rose on Thursday to its highest closing level in nearly six months as technology and gold mining shares climbed and despite mixed earnings reports from major banks.
Wishing you all a great first of the month for December 2022. The indices pushed up further at the end of trading on Wednesday, bringing November to a strong end. The Nasdaq had the strongest day out of the three major indices pushing up over 4.5%. What does this mean for the tech sector?
-Wells Fargo & Co (WFC) has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank's plans. Higher inflation and rapidly rising mortgage rates have started to weigh on the housing market as buying homes becomes costlier, hitting what was until last year a booming industry.
Wells Fargo & Co (WFC) has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank's plans. Higher inflation and rapidly rising mortgage rates have started to weigh on the housing market as buying homes becomes costlier, hitting what was until last year a booming industry.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth.
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth.
Mexico's manufacturing sector expanded for a third straight month in November, picking up its pace of growth slightly, as tentative signs pointed to a recovery in demand conditions, overall sales stabilized and jobs were created, a survey showed Thursday.
* Canadian factory sector activity slows for fourth month. * Bank stocks fall after CIBC, BMO and TD report results. By Johann M Cherian. Canada's main stock index rose for the third-straight session on Thursday, supported by technology and commodity-linked shares, while investors digested mixed manufacturing data.
Companies in Germany, Europe's largest economy, are looking to hire more staff, with a particular rise in demand in the service sector, the Ifo economic institute said on Thursday. Ifo said its employment barometer rose to 99.6 points in November from 97.8 points in October. "Against the backdrop of decreasing uncertainty, the number of employees in Germany could continue to rise.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required