5 November 2024

Howe Street Reporter Title
Stocks down as US inflation comes in hotter than expected 01-11-24

Stocks down as US inflation comes in hotter than expected 01-11-24


The TSX edged down this morning to 20889.49. TSX Venture also fell slightly to 549.56 while the CSE Composite bumped slightly to 170.12. Inflation was more than expected in December, giving investors pause as this will impact the likelihood of a soft economic landing in 2024.

Dow Jones      37735.11    723.99 (-2.0%)
Nasdaq            15282.01    1160.19 (-7.000000000000001%)
TSX                  21642.87    467.23 (-2.0%)
TSX Gold         312.68    2.58 (-1.0%)
Comex Gold    2315.8    58.3 (-2.0%)
CAD/USD        0.73   0.0 0.0
Bitcoin USD   42657.07    85.24 (-0.0%)

Battery Metals, Information Technology and Energy were the only positive players on the TSX in morning trading. Organigram Holdings (OGI.T) popped 19% to $2.25 per share on no news. The company announced fiscal 2023 results in December. Bitcoin Well Inc. (BTCW.V) jumped 50% to $0.075 per share on the heels of the US Bitcoin ETFs trading launch announcement. Teako Minerals (TMIN.C) climbed 30% to $0.085 per share on no news.

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