Investors are watching for the giant banks to demonstrate how they benefit if interest rates remain higher than expected this yearTORONTO — Canada's main stock index lost almost one per cent on Friday as the market saw broad-based weakness, while U.S. markets also fell.In New York, the Dow Jones industrial average was down 475.84 points at 37,983.24. The S&P 500 index was down 75.65 points at 5,123.41, while the Nasdaq composite was down 267.10 points at 16,175.09.
As climate-conscious shoppers enter auto dealerships, they are faced with a choice: EV or hybrid. Yahoo Finance reporter Pras Subramanian joins Wealth! to discuss what consumers should consider when deciding which vehicle to purchase. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This article was written by Gabriel Roy.More consumers leaned on their credit cards in the first quarter, across Citi , JPMorgan Chase & Co.
NEW YORK — U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record. Worries about tensions in the Middle East rattled financial markets, and Treasury yields fell as investors looked for safer places for their money. JPMorgan Chase was among the stock market’s heaviest weights after giving a forecast for a key source of income that was below analysts’ estimates.
Japanese two-year government bond yields jumped on Thursday to their highest in more than 14 years, pulled by a surge in U.S. yields after stubborn consumer inflation knocked back bets for when the Federal Reserve will first cut interest rates. At the opposite end of the maturity spectrum, 30-year JGB yields also climbed to the highest in nearly 11 years, accelerating their rise after an auction of 20-year bonds drew weak demand. The two-year JGB yield rose 3.5 basis points to 0.
-- Prime Minister Justin Trudeau swept to power in 2015 with the help of younger Canadians captivated by his positive messaging and socially progressive views. That same group of voters may eventually be his undoing.
Source: News Formal (newsformal.com)
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