S&P/TSX composite down as base metal stocks fall, U.S. stock markets higher

TORONTO — Canada's main stock index was in the red in late-morning trading, weighed down by losses in base metal stocks, while U.S. stock markets moved higher.In New York, the Dow Jones industrial average was up 56.61 points at 39,432.48. The S&P 500 index was up 6.13 points at 5,573.32, while the Nasdaq composite was up 57.60 points at 18,410.36.The August crude oil contract was down 38 cents at US$82.78 per barrel and the August natural gas contract was up five cents at US$2.

The amount Hindenburg Research made from its short-seller report on Adani Group pales in comparison to the market value it erased.John Deere to lay off roughly 600 employees from three US factories BlackRock acquired Preqin for $3.2 billion this week, making Mark O'Hare and his wife billionaires. Now, he's passing some of the wealth to employees.

“I think, a year from now, we have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.

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