Trader Gregory Rowe works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024. U.S. stocks are bouncing back after the market experienced its worst day in two years on Monday, but the average investor may still be understandably spooked. Over a three day losing streak, the S&P 500 dipped more than six per cent before rallying again Tuesday, up 1.6 per cent in midday trading.
Silver urged investors to remember that "a market falls into a correction, ten percent or more, once a year on average," and that "usually the market reverts to the mean, and the mean is an average annual return of eight to 10 per cent a year going all the way back to the 1950s.
"If your exposures get out of line with your long-term plan, get them back in line," he said. Even so, Hackett added that he sees the trend of tech stocks outperforming as one that may extend further into the future.Experts agree that, for investors with debt, it's important to focus on paying off loans, especially high-interest ones, before making major investments.
Algerian boxer Imane Khelif will press her fight for an Olympic gold medal Tuesday night amid the intense scrutiny over misconceptions about her gender.Nissan showed Tuesday what it called a "cool paint" to keep people inside vehicles cooler, although the coating is six times thicker, making commercialization still a challenge.
The Ottawa Student Transportation Authority says its recently hired general manager is out after fewer than four months on the job.On July 24, Environment Canada issued a tornado warning for the area around Lachute, Que., northwest of Montreal, urging people to take shelter. The warning was accurate: a tornado touched down outside Lachute about an hour after the alert. But three other twisters that day slipped past forecasters.
Police have successfully concluded a seven-year death investigation and have identified the remains of a man found in 2017 near the Sault.Residents of a 20-unit apartment complex on Burton Avenue in Greater Sudbury were evacuated early Monday after a fire ripped through multiple units.Four people – including two women from Sudbury and two young offenders from southern Ontario – have been charged following an armed home invasion last weekend.
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