TSX decrease amid U.S. economic worries

The Toronto stock market was slightly lower mid-afternoon Wednesday while commodity prices backed off as another raft of economic data failed to reassure investors about the state of the U.S. economy.The S&P/TSX composite index was well off early lows, down 39.6 points at 12,712.72 after earlier plunging as much as 184 points. The TSX Venture [...]

Concern over stalling job growth plunges Dow two percent in worst losing week since 2004

Stocks ended on a sour note Friday, wrapping up a fifth straight week of losses after unexpectedly tepid growth in the number of new jobs heightened concerns the economic rebound is losing steam.U.S. payrolls grew just 54,000 last month, the smallest amount in eight months. The results were well below projections - even after analysts lowered [...]

Barack Obama signals movement on debt fix

U.S. President Barack Obama is to meet Wednesday with senior congressional lawmakers for budget talks, the White House says.
The meeting was scheduled to start at 2:50 p.m. ET.
White House spokesman Jay Carney also signaled a position shift by Obama in a bid to resolve the impasse that has less than two weeks to go before [...]

Stocks flat despite U.S. debt hopes, strong earnings

North American stocks wavered in and out of positive territory in early trading Wednesday on hopes of a possible deal to resolve the U.S. debt-ceiling crisis, as well as strong corporate earnings south of the border.
The benchmark S&P/TSX composite index was up 6.37 points, or 0.05%, to 13,339.29.
shortly after markets opened. While gold prices —which [...]

Stock Market - TSX gains at midday on rising energy prices

 

Canada’s benchmark stock index was showing moderate gains at midday Wednesday as continued gains in the price of oil offset a drop in the price of gold.
The S&P/TSX composite index was ahead by 19 points, or 0.14 per cent, to 13,352, with the financials and energy sectors leading the advance.
The price of crude oil was [...]

Stock buybacks: Buy high price and sell low price

Stock Market: Stock buybacks: That’s what most companies do when they buy their own shares. But how you can avoid the trap.
FORTUNE — In 2006 and 2007 timber giant Weyerhaeuser (WY) conducted one of the biggest share buybacks in its history. It unleashed $800 million to purchase its shares, which were dancing near an all-time [...]

Stock Market : Earnings take center stage

NEW YORK (CNNMoney) — After spending two months focused largely on the state of the U.S. economy, investors will get a chance to turn their eyes back to Corporate America this week.
Several key companies will report their results for the second quarter this week, with investors getting profit reports from Dow members Alcoa (AA, Fortune [...]

Market Fear Factor: Bond Market Edition

NEW YORK (CNNMoney) — Fear is running high in the bond market.
Treasury prices began the week sharply higher, sending the benchmark 10-year yield below 3% for the first time since June 27.
“Being under 3% means a fear trade — we need to get back to at least 3% to have more confidence,” said William Larkin, [...]

Stock market subdued ahead of Wall Street return

Today’s stock market - Global stock markets pushed modestly higher Tuesday as investors awaited a raft of U.S. economic data this week that culminates with closely-watched payrolls figures.
Now that concerns over an imminent Greek debt default have been dampened by the Greek Parliament’s vote to back fresh austerity measures, investors are turning their gaze to more [...]

5-Star Portfolio Manager: Stick to Value Discipline

Value investors and stock managers must “stick to your discipline” while the stock market returns to stability, said Harvey Neiman, portfolio manager of the Neiman Large Cap Value Fund — rated five stars by Morningstar.
That means he will stick to investing in some familiar companies whose shares are trading for less than their intrinsic values, [...]