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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 33 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Stock Markets News

Telecom Sector,Nasdaq Composite,Stock Index

TORONTO — Canada's main stock index fell in late-afternoon trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.

TORONTO — Canada's main stock index fell in late-afternoon trading, weighed down by losses in the telecom sector, while U.S. stock markets climbed higher.In New York, the Dow Jones industrial average was up 15.45 points at 39,184.97. The S&P 500 index was up 9.28 points at 5,484.37, while the Nasdaq composite was up 60.07 points at 17,939.37.The August crude oil contract was down 14 cents at US$83.24 per barrel and the August natural gas contract was down five cents at US$2.42 per mmBTU.

-- Tesla Inc. is expected to report another quarter of weaker sales, and it’s running out of alibis.Most Read from BloombergBlackRock Buys Preqin for $3.

The top 10 companies in the S&P 500 account for 35% of the index's market value but only 23% of its earnings, according to Apollo Global Management chief economist Torsten Sløk.When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse....Shareholders' vote against a plan for an independent board chair leaves Benioff in the seat.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
Source: YahooFinanceCA - 🏆 47. / 63 Read more »