09262016Mon
Last update: Mon, 26 Sep 2016 05pm

Americas

Markets - Equity - Americas

TSX gains on Valeant news; financial stocks weigh TORONTO: Canada's main stock index edged higher on Monday as weakness in shares of banks and insurers was offset by a surge in Valeant Pharmaceuticals after the drugmaker announced a major acquisition.Valeant Pharmaceuticals International Inc shares shot up 15.1 percent to C$250.13, a day after the company agreed to acquire gastrointestinal drugmaker Salix Pharmaceuticals Ltd in an all-cash deal valued at about $10.1 billion.Meanwhile, a drop in oil prices weighed on the energy sector and banking shares were hit by negative investor sentiment ahead of their earnings reporting season.Worries about the impact of lower oil prices and fears that the Canadian economy is slowing down have contributed to the bearish mood on the banking sector."I'm not bullish on the banks. They have a lot of headwinds," said Marcus Xu, portfolio manager and president at M.Y. Capital Management Corp in Vancouver. "There's going to be less activity on lending, less M&A ...

Markets - Equity - Americas

Nasdaq ends up 9th session; S&P 500, Dow dip with energy NEW YORK: The Nasdaq ended higher on Monday for a ninth straight day following gains in Apple , while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares.Nasdaq's winning run was its longest since September 2010, putting the index closer to its 5,132.52 all-time intraday high, reached in March 2000 just before the dot-com bubble burst. Giving Nasdaq its biggest boost were shares of Apple, which ...

Markets - Equity - Americas

TSX edges lower as energy, bank shares drag TORONTO: Canada's main stock index slipped on Monday as shares of energy companies were pulled lower by weakness in oil prices, offsetting a surge in Valeant Pharmaceuticals International Inc after the drugmaker announced a major acquisition.Another drag on the market was a drop in shares of Canadian banks ahead of their earnings reporting season. Concerns about the impact of lower oil prices and worries about a slowing Canadian economy have contributed to the negative sentiment.Valeant ...

Markets - Equity - Americas

Wall Street slips off Dow, S&P records as oil price drops NEW YORK: US stocks edged lower in morning trading Monday amid weakness in oil prices, after a conditional agreement by euro zone finance ministers to extend Greece's bailout sent the Dow and S&P to record levels last week.Oil prices fell, with Brent down 0.9 percent to $59.68 and WTI crude off 2.4 percent at $49.61 a barrel on oversupply concerns and a stronger dollar, pulling the S&P energy index down 0.5 percent.Housing stocks lost ground, ...

Markets - Equity - Americas

Stocks mixed as Greek deal offsets tumbling oil NEW YORK: US stocks slipped from all-time highs on Monday, pulled lower by a sharp drop in crude oil prices, while European shares rallied to fresh seven-year highs on last week's conditional financial rescue for Greece.Yields on low-rated euro zone government bonds fell on relief an agreement was reached late Friday as it eased concerns that Greece would leave the euro, even though it merely buys time for Athens to seek a long-term deal with ...

Markets - Equity - Americas

Wall St eases after Dow, S&P records as energy declines NEW YORK: US stocks were down slightly in midday trading Monday as lower oil prices dragged down energy shares, pulling the Dow and S&P 500 off recent record levels.Oil prices fell, with WTI crude off $1.30 at $49.50 a barrel on oversupply concerns and a stronger dollar, pushing the S&P energy index down 0.6 percent.Housing stocks lost ground, with the PHLX housing sector index off 0.7 percent after existing home sales fell sharply to their ...

Markets - Equity - Americas

Wall St opens modestly lower at the open NEW YORK: US stocks opened slightly lower on Monday, with both the Dow and S&P 500 near records levels as investors digested an agreement by euro zone finance ministers to extend Greece's bailout by four months, provided it draws up a list of reforms. The Dow Jones industrial average fell 9.6 points, or 0.05 percent, to 18,130.84, the S&P 500 lost 1.77 points, or 0.08 percent, to 2,108.53 and the Nasdaq Composite dropped 3.25 points, ...