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CANADA STOCKS-TSX opens lower on dip in gold prices

CANADA-STOCKS/ (UPDATE 1):CANADA STOCKS-TSX opens lower on dip in gold prices ....

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S&P closes at record on tech boost as US Treasury yields retreat

New York: The S&P 500 closed at a record high on Thursday, as US Treasury yields fell following softer-than-anticipated labour market data, boosting technology and other growth stocks.
Weekly initial jobless claims data showed a second straight rise, conflicting with the recent payrolls report, and buttressed the Federal Reserve’s dovish policy stance to keep interest rates lower for a substantial period.
Federal Reserve Chair Jerome Powell signalled on Wednesday the central bank is nowhere near reducing support for the US economy, saying an expected rise in prices this year is likely to be temporary.
The softer data helped yields on the benchmark 10-year US Treasury note fall as low as 1.624 per cent, its lowest level since March 26, as it continues to back away from a 14-month high of 1.776 per cent hit in late March. ....

New York , United States , Jerome Powell , Kim Forrest , Joe Biden , Canopy Growth Corp , Federal Reserve , Supreme Cannabis Co Inc , Tesla Inc , Image Credit , Reserve Chair Jerome Powell , Bokeh Capital Partners , Dow Jones Industrial Average , Nasdaq Composite , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஜெரோம் போவல் , கிம் காடு , ஓஹோ பிடென் , விதானம் வளர்ச்சி கார்ப் , கூட்டாட்சியின் இருப்பு , உச்ச கஞ்சா இணை இன்க் , டெஸ்லா இன்க் , படம் கடன் , இருப்பு நாற்காலி ஜெரோம் போவல் , பொக்கே மூலதனம் கூட்டாளர்கள் ,

Market movers: Stocks seeing action on Thursday - and why

Market movers: Stocks seeing action on Thursday - and why
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A roundup of some of the North American equities making moves in both directions today
On the rise
Roots Corp. (ROOT-T) soared with the premarket announcement that it earned a profit of $12.3 million in its fourth quarter even as its sales fell due to the pandemic.
The retailer says its profit amounted to 29 cents per share for the three-month period ended Jan. 30. ....

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US STOCKS-Tech boost lifts S&P to record as U.S. Treasury yields retreat

4 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.)
Growth stocks outperform value stocks
Canopy Growth down on deal to buy Supreme Cannabis
Dow up 0.05%, S&P 500 up 0.40%, Nasdaq up 0.96% (Updates to mid-afternoon, changes byline, adds Powell comments)
NEW YORK, April 8 (Reuters) - The S&P 500 hit a record high on Thursday, as Treasury yields fell following softer-than-anticipated labor market data and helped lift technology and other growth stocks.
Weekly initial jobless claims data showed a second straight rise, conflicting with the recent payrolls report, and buttressed the Federal Reserve’s dovish policy stance to keep interest rates lower for a substantial period. ....

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Canopy Growth to buy Supreme Cannabis for $256.85 million as pot demand lights up

2 Min Read
(Reuters) -Canada’s Canopy Growth Corp said on Thursday it will buy rival Supreme Cannabis Co Inc for C$323.3 million ($256.85 million), as the world’s biggest cannabis producer bolsters its portfolio to tap surging demand.
FILE PHOTO: A sign featuring Canopy Growth Corporation s logo is pictured at their facility in Smiths Falls, Ontario, Canada, January 4, 2018 . REUTERS/Chris Wattie/File Photo
Shares of Canopy, up 15% this year, fell around 4.6% to C$36 after it announced the cash-and-stock deal for Supreme, which owns pot brands including 7ACRES and Blissco. Supreme shares surged 50% to C$0.40.
The opening of more retail stores and a rise in weed use during the pandemic has brought back investor dollars for cannabis producers after years of underperformance. Hopes of U.S. reforms allowing cross-border commerce are also boosting investments in the sector. ....

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