Categories
Recent Posts

Apr 01 | Daily Finance News

Post Views: 622
0401stock market

U.S. STOCK PICKS

  • S&P 500 rises slightly to start the second quarter.
  • The personal consumption expenditures price index excluding food and energy, released Friday during the market closure for Good Friday, showed inflation rose 2.8% in February, which is in line with expectations. The inflation gauge closely watched by the Federal Reserve also rose 0.3% from a month ago, the Commerce Department said.
  • Federal Reserve Chair Jerome Powell also said Friday that policymakers don’t need to rush an interest rate cut with economic growth still strong and inflation above target.
  • Fed must get ‘more aggressive’ with rate cuts due to weakening jobs market, Canaccord’s chief market strategist says.
  • Walmart, Chipotle are splitting the wealth of a record stock market in a way they haven’t in decades: Walmart recently completed its first stock split in decades; Chipotle is planning the first stock split in its 30-year history to be completed in June.
  • Microsoft to separate Teams and Office globally amid antitrust scrutiny.
  • Oil prices edge lower after booking strong first quarter.

CANADA MARKET

  • Canadian factory PMI edges up to 11-month high in March.
  • Canada likely to avoid recession, begin recovering in second half of 2024: Deloitte.
  • The national price on pollution will rise by $15 per tonne today. Gasoline: Going from $65 per tonne to $80, means filling a 50 litre tank from empty will cost about $8.80 in carbon price, about $1.65 more than before.
  • More than 500,000 people signed up for the First-Home Savings Account in its first year.

Apr 01 | Daily Finance News

U.S. STOCK PICKS

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

RELATED READING

Subscribe to Ai Financial Newsletter

Sign up for our weekly stock market update and be the first to know about our webinars.

Newsletter Subscription