Central bank stands pat
Stock markets enjoyed positive openings on Wednesday as global markets rose on news of a ceasefire agreement between
The S&P/TSX composite index recovered 62.19 points to open Wednesday at 15,681.27.
The Canadian dollar gained back 0.30 to
Canadian pension fund
Economically speaking, the Bank of
All 14 Toronto subgroups were higher to begin the session, with consumer staples and information technology co-leaders, each up 1.1%, while metals and mining gained 0.7%.
The Dow Jones Industrials recovered 48.76 points to 17,116.32
The S&P 500 gained 2.96 points to 2,005.24. The NASDAQ slid 6.31 points to 4,591.88.
Infinity Pharmaceuticals soared 42% after the biotech company announced a new collaboration with AbbVie to develop and commercialize Infinity's duvelisib, a treatment for blood cancers.
Delta Air Lines was the worst performer on the S&P 500, falling 4.7% after the company lowered its operating margin view for the third quarter and raised its fuel prices outlook. Even as the airline company's revenue per average seat mile increased 2% in August, the growth was at the lower end of the company's expectations.
Shares of Concur Technologies soared after
Car makers will attract attention as companies report monthly sales figures.
Shares of General Motors and Ford Motors were slightly higher.
On the economic front, orders for goods produced in U.S. factories jumped in July, as expected, due to a surge in contracts for commercial aircraft, the
Car sales data will be filtering in throughout the day. The Fed Beige Book is due at
Prices for 10-year U.S. Treasuries sagged, raising yields to 2.44% from Tuesday's 2.42%. Treasury prices and yields move in opposite directions.
Oil prices spiked
Gold prices added
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