TORONTO — Canada's main stock index was up more than 150 points, as strength in telecommunication stocks and the base metal sector helped put it into record-...
TORONTO — Canada's main stock index was up more than 150 points, as strength in telecommunication stocks and the base metal sector helped put it into record-high territory in late-morning trading.In New York, the Dow Jones industrial average was up 177.66 points at 39,234.05. The S&P 500 index was up 18.24 points at 5,205.91, while the Nasdaq composite was up 44.77 points at 16,347.53.The June crude oil contract was up 55 cents at US$79.
"Investors' expectation that the Fed would nip a recession in the bud by easing means that the Fed Put is back," Ed Yardeni said.TD Bank stock looks like a great bargain after its latest plunge over the ongoing U.S. probe. The post TD Bank Stock Falls 6% on Money-Laundering Investigation: Deal or Danger? appeared first on The Motley Fool Canada.
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