Market updateAt \u20609:31 a.m. ET, the S&P\/TSX composite \u2060index \u200bwas down \u20600.3 per cent at 33,212.91 \u200cpoints.\u00a0The Dow Jones Industrial \u200cAverage \u200bfell \u200c15.7 \u200bpoints, or 0.03 per cent, \u200bto 47690.76. The S&P 500 rose 8.6 points, or \u20600.13 per cent, to 6790.09, while the \u2060Nasdaq Composite rose \u200b74.2 \u2060points, or 0.33 per cent, \u200cto 22771.267.The Canadian dollar was trading 0.1 per cent lower at \u200c$1.3591 \u200bto \u200cthe greenback, \u200bor 73.58 U.S. \u2060cents, after \u2060trading \u200bin a range of $1.3556 to $1.3593. Canadian government 10-year bond \u2060yields rose 2.1 basis points to 3.431 per cent.Brent futures traded up US$3.31, or 3.8 per cent, at US$91.11 a barrel. U.S. West Texas Intermediate (WTI) traded US$3.13 higher, also 3.8 per cent, at US$86.58 a barrel.Spot gold was down 0.3 per cent at US$5,177.50 per ounce. U.S. gold \u200bfutures for April delivery fell 1.1 per cent to US$5,185.20.03\/11\/26 09:36TSX opens slightly lower as investors await IEA decision on crude release<\/p>\n
– Reuters<\/p>\n
Canada\u2019s main \u200cstock index opened \u2060slightly \u200bdown on Wednesday as investors awaited \u200ba \u200cpivotal announcement from the International Energy \u200cAgency \u200bon \u200ca \u200bpotential release of \u2060crude \u2060oil \u200breserves, while assessing the latest U.S. inflation data.<\/p>\n
At \u20609:31 a.m. ET, the S&P\/TSX composite \u2060index \u200bwas down \u20600.3 per cent at 33,212.91 \u200cpoints.\u00a0<\/p>\n
Group of Seven energy ministers met Tuesday at IEA headquarters in Paris. IEA executive director Fatih Birol said afterwards they had discussed all available options, including making IEA emergency oil stocks available to the market.<\/p>\n
The largest-ever previous collective release of emergency stocks by IEA member countries was 182.7 million barrels, in the wake of the energy shock prompted by Russia\u2019s full-scale invasion of Ukraine in 2022.<\/p>\n
IEA members currently hold over 1.2 billion barrels of public emergency oil stocks, with a further 600 million barrels of industry stocks held under government obligation.<\/p>\n
Wall Street\u2019s \u200cmain indexes opened mixed on \u2060Wednesday \u200bas investors assessed a \u200bkey \u200cinflation report.<\/p>\n
The Dow Jones Industrial \u200cAverage \u200bfell \u200c15.7 \u200bpoints, or 0.03 per cent, \u200bto 47690.76. The S&P 500 rose 8.6 points, or \u20600.13 per cent, to 6790.09, while the \u2060Nasdaq Composite rose \u200b74.2 \u2060points, or 0.33 per cent, \u200cto 22771.267<\/p>\n
Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran sent energy costs soaring.<\/p>\n
Consumer prices rose 2.4 per cent in February compared with a year earlier, the Labor Department said Wednesday, matching January\u2019s 2.4-per-cent increase. Excluding the volatile food and energy categories, core prices climbed 2.5 per cent from a year ago, also matching January\u2019s level, which was the lowest in five years. Both figures are above the Federal Reserve\u2019s 2-per-cent target.<\/p>\n
– Reuters and The Associated Press<\/p>\n
03\/11\/26 08:36U.S. consumer prices increase as expected in February<\/p>\n
U.S. consumer prices picked up in February as the cost \u200bof gasoline increased in anticipation of an escalating \u200cwar in the Middle East, and with the conflict driving up oil prices, a further rise in inflation is expected in March.<\/p>\n
The Consumer Price Index rose 0.3 per cent last \u2060month after \u200bgaining 0.2 per cent in January, the Labor Department\u2019s Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the CPI climbing 0.3 per cent. Gasoline prices in the CPI report had declined for two straight months.<\/p>\n
Prices at the pump \u200bhave jumped by more than 18 per cent to US$3.54 per gallon \u200csince the U.S.-Israeli war on Iran started at the end of February, data from motorist advocacy group AAA showed.<\/p>\n
Oil prices shot up well above US$100 per barrel, before pulling back on Tuesday after President Donald Trump stated the war could end soon. The CPI also \u200crose amid \u200bthe continued, but staggered pass-through \u200cfrom Trump\u2019s sweeping tariffs, which he pursued under a law meant for use \u200bin national emergencies that have since been struck down \u2060by the U.S. Supreme Court.<\/p>\n
In the 12 months through February, \u2060the CPI advanced 2.4 per cent matching January\u2019s increase, and reflecting last year\u2019s high readings dropping out of the \u200bcalculation.<\/p>\n
The Federal Reserve tracks the Personal Consumption Expenditures price indexes for its 2-per-cent inflation target, and is expected to keep interest rates unchanged next week.<\/p>\n
– Reuters<\/p>\n
03\/11\/26 08:06Conflicting signs in the rental market leaves one recommended apartment REIT at Scotiabank <\/p>\n
– Scott Barlow<\/p>\n
Scotiabank REIT analyst Mario Saric is dealing with contradictory data in the apartment sector,<\/p>\n
\u201cOUR TAKE: Hard to Say. Yesterday\u2019s Rentals.ca February asking rent data fell 1.3 per cent month-over-month, double 3-month avg. and worse than negative 0.9 per cent last year; National 1-and-2 BR each fell 0.6 per cent. That said, specific REIT markets (which we estimate = 65 per cent of Canada) show an avg. 0.8 per cent positive asking rent growth, ranging from BEI (0.6 per cent) to MI (1.0 per cent), well above the 0-per-cent 3-month avg, with Toronto, Halifax, & Montreal at 2-per-cent growth. The avg. 0.8-per-cent growth is contrary to the 10 basis points higher implied cap rate vs. last month, though spreads to 10-year remain mostly tighter-than-avg. We\u2019re left scratching our heads a bit and feeling like an Economist. The individual market data looks encouraging (i.e., for a Spring rent inflection) and consistent with BEI new lease spreads getting better through Q1, but the aggregate national data is getting worse; we\u2019ve reached out to Rentals.ca to help bridge the gap (could be new construction rents, data can be volatile m\/m, methodology change). We\u2019re still preaching patience. Our odds to a concrete trough Spring asking rent had fallen YTD, and we still see the Apartment REITs as a 2H\/26+ story. KMP [Killam Apartment REIT, KMP-UN-T<\/a>] is our only SO [\u2019sector outperform\u2019], but even there, we think you have time.\u201d<\/p>\n 03\/11\/26 07:59Rising energy prices roil global bonds as traders tear up rate cut bets<\/p>\n Global bond \u200cmarkets were under renewed selling pressure on Wednesday, as the U.S.-Iran war drove up oil prices and traders increased their bets that central banks would have to abandon rate cuts this year and instead consider hiking.<\/p>\n Short-dated bond yields – which are sensitive to interest-rate expectations – shot higher as \u2060bond prices \u200btumbled in the euro zone and Britain. Yields also rose in the United States.<\/p>\n \u201cWhat the rates markets is saying is that this war leads to a prolonged rise in oil, and the path that central banks are on will have to shift to a more hawkish one,\u201d said Seema Shah, chief global strategist at Principal Asset Management.<\/p>\n Energy prices have risen \u200bdramatically this week as flows through the vital Strait of Hormuz have slowed \u200cto a halt and Iran has hit its neighbors\u2019 exporting infrastructure.<\/p>\n U.S. President Donald Trump\u2019s statement that the war was \u201cvery complete\u201d helped cool prices on Tuesday, but they were volatile on Wednesday and last up around 2% following reports that vessels were struck by projectiles in the key Strait of Hormuz.<\/p>\n Prices neared US$120 a barrel on Monday and last traded at around US$90, up roughly 25 per cent since the start of the war.<\/p>\n Germany\u2019s \u200c2-year bond yield \u200brose as much as 8 basis \u200cpoints, Britain\u2019s and Italy\u2019s jumped more than 12 bps, while those in the United States climbed 3 bps. Longer-dated bond \u200byields also rose.<\/p>\n – Reuters<\/p>\n 03\/11\/26 07:56Morgan Stanley offers free research for DIY investors <\/p>\n – Scott Barlow<\/p>\n I don\u2019t want this to sound like an advertisement for a global financial giant that doesn\u2019t need any help, but DIY investors might find useful information at the newly opened Morgan Stanley Institute<\/a> (even if they need to watch for bias towards Morgan Stanley clients and capital markets activity),<\/p>\n \u201cToday marks the launch of The Morgan Stanley Institute\u2014a new platform that draws expertise from across the firm and transforms it into integrated thought leadership, providing actionable solutions for financial decision makers. As clients and investors face increasingly complex challenges, The Institute is designed to meet those needs, leveraging Morgan Stanley\u2019s intellectual capital to deliver premium, cross-divisional insights through a differentiated, content-rich platform. Each perspective we offer is rooted in long-term, thematic discussions that go beyond short-term market noise, helping shape smarter investment decisions.\u201d <\/p>\n 03\/11\/26 07:49Hedge funds pour hopes into tech even as AI jitters rattle <\/p>\n Global hedge funds\u2019 most crowded long \u200btrades in February centered on technology \u200cstocks, data from securities lending provider Hazeltree showed on Wednesday.<\/p>\n The S&P info tech index, which tracks some of the biggest global technology \u2060firms, has \u200bfallen around 4 per cent so far this year. The broader S&P index is down almost 1 per cent.<\/p>\n Here are some details about hedge fund positioning in tech:<\/p>\n * Global tech companies \u200bsuch as Tencent, Nvidia and Microsoft \u200cattracted high amounts of hedge fund buying in February, said the Hazeltree report.<\/p>\n * Hazeltree\u2019s report is based on data from 600 asset managers tracking 16,000 global stocks.<\/p>\n * Hedge funds have continued to \u200cbuy technology \u200bstocks through the beginning \u200cof this month to March 6, separate data from a \u200bGoldman Sachs client note also showed.<\/p>\n * \u2060U.S. tech was the most bought region in \u2060the sector, said Goldman\u2019s note.<\/p>\n * Hedge fund buying in software companies \u200bmainly comprised of short covering, when traders must exit losing bets that wagered the asset prices would fall, said Goldman.<\/p>\n * Hedge funds held crowded short tech stocks in February including in payments firm, Wise, file \u2060storage company Dropbox and AI scaler, Oracle, showed the Hazeltree data. The firms did not immediately respond to requests for contact.<\/p>\n – Reuters<\/p>\n 03\/11\/26 07:46Biggest stock winners from PM Carney\u2019s trip to India<\/p>\n – Scott Barlow<\/p>\n Open this photo in gallery:<\/a><\/p>\n Prime Minister Mark Carney and Indian Prime Minister Narendra Modi shake hands following the presentation of agreements and joint statements in New Delhi, India on Monday, March 2.Adrian Wyld\/The Canadian Press<\/p>\n RBC Capital Markets analyst Walter Spracklin identified the biggest domestic stock winners from Prime Minister Mark Carney\u2019s trip to India,<\/p>\n \u201cOur view: We believe the recent trip by Prime Minister Carney, his team and Canadian business leaders to meet with officials in India delivered tangible agreements that positively impact our coverage, along with the framework for potential future agreements that could impact several companies in our coverage universe. With the sheer size of the Indian market, we believe the groundwork for a meaningful improvement in what had been a frosty relationship between Canada and India is a positive for Canadian companies. This report provides the Canadian Research Department\u2019s views on stocks that could be impacted and in particular, we highlight Cameco (CCO), AltaGas (ALA), Brookfield Infrastructure (BIP), CN Railway (CNR), and Bombardier \u2026 Lots of opportunities on the energy front, including uranium, oil, LNG and LPGs. With India currently being the third largest consumer of oil and fourth largest importer of liquefied natural gas (LNG), the countries see \u201csignificant potential\u201d to expand bilateral energy trade. On top of oil and LNG, Canada could increase its exports of uranium and liquefied petroleum gas (LPG) to India, with Canada potentially importing refined petroleum products from India\u201d<\/p>\n 03\/11\/26 06:32Wednesday\u2019s analyst upgrades and downgrades<\/p>\n – David Leeder<\/p>\n Open this photo in gallery:<\/a><\/p>\n An office building for Goeasy Ltd, a personal lender for subprime borrowers, in Mississauga, Ontario, on Tuesday.Nick Iwanyshyn\/The Globe and Mail<\/p>\n A group of equity analysts on the Street downgraded shares of lender Goeasy Ltd. (GSY-T<\/a>) and others made significant reductions to their target prices on Wednesday.<\/p>\n The moves come in the wake of the Mississauga-based company plummeting almost 57 per cent on Tuesday<\/a> after it revealed it will book an incremental $178-million charge for bad loans when it reports fourth-quarter earnings for 2025 at the end of the month, as well as a $55-million writedown for loan interest and fees.<\/p>\n \u201cWhile the update resets expectations, there remains significant risks to the story,\u201d said National Bank Financial\u2019s Jaeme Gloyn. \u201cManagement pulled guidance and provided limited detail which leaves investors (and us) with impaired visibility on the outlook and future earnings power of the business.<\/p>\n \u201cBeyond earnings power we see other sources of uncertainty, including: a) whether current allowances (approximately 10 per cent) are sufficient versus management\u2019s expectation for mid-teens net charge-offs, b) stability of loan terms (e.g., cost, collateral) given negotiations with the lending syndicate, and c) risk of shareholder dilution if an equity raise is required to satisfy liquidity or leverage constraints.\u201d <\/p>\n Mr. Gloyn lowered his recommendation to a \u201csector perform\u201d rating from \u201coutperform\u201d previously, citing \u201creduced earnings visibility and elevated uncertainty.\u201d<\/p>\n Read more: Here<\/a><\/p>\n Other companies mentioned include: CES Energy Solutions; Flagship Communities REIT; Logan Energy; Pan American Silver<\/p>\n 03\/11\/26 06:18Oracle rallies as strong revenue forecast eases concerns over massive AI bets<\/p>\n Oracle (ORCL-N<\/a>) shares surged about 10 per cent before the bell on \u200bWednesday after the software giant\u2019s upbeat \u200crevenue forecast calmed worries over faster returns from its hefty spending on artificial intelligence infrastructure.<\/p>\n The company has poured billions of dollars toward building data \u2060centers for \u200bpartners like OpenAI and Meta (META-Q<\/a>), while trimming staff and using smaller, AI-assisted teams and tools to develop software for its traditional customer base and businesses.<\/p>\n Oracle raised its revenue forecast for fiscal \u200b2027 to US$90-billion, above analysts\u2019 estimates of US$86.6 -billion.<\/p>\n Remaining performance obligations (RPO), a key indicator of future contracted revenue, jumped 325 per cent from a year earlier to US$553-billion in the third quarter, compared with US$523-billion in the prior quarter and beating market estimates.<\/p>\n Oracle looks \u201clike one \u200cof the \u200bmore direct ways for \u200cinvestors to tap into the ongoing buildout of AI infrastructure. \u200bIt\u2019s a higher-risk, higher-reward stock, and effectively a \u2060leveraged play on the AI theme, which means it\u2019s the \u2060first in line to take some punishment should the AI story lose \u200bsteam,\u201d said Matt Britzman, senior equity analyst at Hargreaves Lansdown.<\/p>\n For its current fiscal fourth quarter, the company projected adjusted profit between US$1.96 and US$2.00, above analysts\u2019 estimates of US$1.94.<\/p>\n Oracle\u2019s stock is trading at over \u200b19.17 times its 12-month forward earnings estimates, compared with Microsoft\u2019s 22.05.<\/p>\n – Reuters<\/p>\n 03\/11\/26 06:01IEA to recommend huge release of strategic oil stocks because of Iran war: reports<\/p>\n The \u200bInternational Energy Agency (IEA) is recommending a large-scale release of oil \u200bfrom strategic reserves that would exceed \u200c100 million barrels over the first month, two sources with knowledge of IEA discussions said on Wednesday, to help restrain soaring crude prices amid the U.S.-Israel war \u2060with Iran.<\/p>\n Spain\u2019s \u200bEnergy Minister Sara Aagesen said the proposed release would be the largest in IEA history, more than double the level from the start of the Ukraine war four years ago.<\/p>\n The IEA did not immediately \u200brespond to a request for comment.<\/p>\n In 2022, IEA \u200cmember countries released 182.7 million barrels in two waves, which was the largest in IEA history, when Russia launched its full-scale invasion of Ukraine.<\/p>\n The Wall Street Journal had earlier reported that the IEA had proposed the largest release of oil \u200creserves in \u200bits history.<\/p>\n Western economies coordinate \u200ctheir strategic oil stockpiles through the Paris-based IEA, which was formed \u200bafter the 1970s oil crisis.<\/p>\n – Reuters<\/p>\n 03\/11\/26 05:45Wall Street futures subdued as investors eye crude prices, inflation reportOpen this photo in gallery:<\/a><\/p>\n Traders work on the floor of the New York Stock Exchange (NYSE) on Tuesday.Spencer Platt\/Getty Images<\/p>\n U.S. stock index futures were subdued in choppy trading on Wednesday as investors assessed the outlook for crude prices and looked ahead to a key inflation report, while \u2060tensions in \u200bthe Middle East continued to escalate.<\/p>\n At \u20604:57 a.m. ET, Dow E-minis were down 131 points, or 0.27 per cent, and S&P 500 E-minis were down 9.75 points, or 0.14 per cent. Nasdaq 100 E-minis were down 38.5 points, or 0.15 per cent.<\/p>\n Energy prices whipsawed as traders weighed a report that the International Energy Agency was looking at releasing oil reserves to stabilize supply, in the face of intensifying air strikes in the Middle East that are likely to \u200bground shipping through the strategic Strait of Hormuz for a \u200cwhile.<\/p>\n Still, remarks from President Donald Trump earlier this week offered markets some reassurance that the war might not be drawn out for months. Oil prices have fallen to under $90 a barrel from nearly US$120 earlier in the week.<\/p>\n Later in the day, a report is expected to show consumer prices likely picked \u200cup in \u200bFebruary as tariffs were passed through \u200cto individuals, which could add to worries of rising gasoline costs in the months \u200bahead. The levies were deemed unconstitutional late last month.<\/p>\n Worries that \u2060higher energy costs could fan price pressures pushed back expectations for a 25-basis-point \u2060interest rate cut by the Federal Reserve to September from July, according to LSEG-compiled data.<\/p>\n Signs of a softening \u200bjobs market are likely to further complicate the central bank\u2019s monetary policymaking.<\/p>\n \u201cThe big concern for the markets is to what extent this supply shock leads to higher inflation, weaker growth, interest rates that are higher than they would otherwise have been, and lower profitability,\u201d said Kyle Rodda, senior financial market analyst at Capital.com.<\/p>\n Wall Street\u2019s fear gauge, the CBOE volatility index, edged higher 0.72 points to 25.65.<\/p>\n Meanwhile, Oracle (ORCL-N<\/a>) predicted that the AI data centre boom will power its revenue above estimates well into 2027, sending \u2060its shares up 10 per cent in premarket trading.<\/p>\n Semiconductor stocks \u200bsuch as Nvidia, Broadcom and Advanced Micro Devices were marginally higher.<\/p>\n – Reuters<\/p>\n 03\/11\/26 05:24Stocks sink as volatile oil prices, Middle East conflict weigh on trading<\/p>\n Global shares edged lower on Wednesday as oil prices \u200cfluctuated and mixed signals about the U.S.-Israeli stance on Iran heightened investor anxiety over inflationary pressures and risks to economic growth.<\/p>\n Beyond the Middle East, investors were reminded of the vulnerabilities within private credit after the Financial Times, citing people familiar with the matter, reported JPMorgan Chase JPM.N had \u2060marked down \u200bthe value of some loans held by private-credit groups and was tightening its lending to the sector.<\/p>\n Oil had another volatile day, although price movement was relatively muted compared to the record price swings of Monday\u2019s session.<\/p>\n The Wall Street Journal reported the International Energy Agency has proposed the largest release of reserves in its history to bring down crude prices, while energy ministers from the G7 \u200bnations said they supported the principle of using stockpiles to deal with the \u200csituation.<\/p>\n Brent crude futures were last up around 2 per cent at US$89.47 a barrel, having traded as low as US$86.24 overnight.<\/p>\n The MSCI All-World index eased a touch on the day as losses in European shares mounted, leaving the STOXX 600 down 0.7 per cent, shrugging off gains in Asia, where the Nikkei rose 1.7 per cent and South Korea\u2019s Kospi gained 1.75 per cent.<\/p>\n U.S. stock futures were virtually flat on the day .<\/p>\n – Reuters<\/p>\n 03\/11\/26 05:21Before the Bell: What every Canadian investor needs to know today<\/p>\n – S.R. Slobodian<\/p>\n Global markets slid as contradictory signals from the U.S.-Israeli war \u200bon Iran kept investors anxious over the risks to inflation \u200cand global growth.<\/p>\n Wall Street futures were in the red ahead of a key U.S. inflation report for February \u2013 before escalating tensions in the Middle East boosted energy prices.<\/p>\n TSX futures pointed lower after Canada\u2019s major stock market closed marginally higher yesterday.<\/p>\n In Canada, investors are getting results from Descartes Systems Group Inc. and Bird Construction Inc.<\/p>\n On Wall Street, markets are watching earnings from Campbell\u2019s Co.<\/p>\n \u201cIf the war ends and the worst \u2013 in terms of an energy price spike \u2013 is behind us, investors could return to a more constructive mode,” Ipek Ozkardeskaya, senior analyst at Swissquote, wrote in a note. \u201cBut uncertainties loom, and there is a chance that the Iran war will not be done and dusted quickly.\u201d<\/p>\n Read more: Here<\/a><\/p>\n 03\/11\/26 05:01Oil prices seesaw as markets weigh IEA reserves release, persistent supply concerns<\/p>\n Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency\u2019s reported plan for a record release of oil reserves could offset potential supply shocks from the U.S.-Israeli conflict with Iran.<\/p>\n Brent futures traded up 59 US cents, or 0.7 per cent, at US$88.39 a barrel. \u200bU.S. West Texas Intermediate (WTI) traded 98 US cents higher, or 1.2 per cent, at US$84.43 a barrel.<\/p>\n Both contracts extended losses in early Asian trade, after plunging more than 11 per cent on Tuesday, despite U.S. crude prices leaping 5 per cent at the market\u2019s opening.<\/p>\n The IEA\u2019s proposed drawdown would exceed the 182 million barrels of oil that IEA member countries put onto the market in two releases \u200bin 2022 when Russia launched its full-scale invasion of Ukraine, the WSJ \u200csaid, citing officials familiar with the matter.<\/p>\n In a note to clients, Goldman Sachs analysts said that a stockpile release of that size would offset 12 days of the investment bank\u2019s estimated 15.4 million barrel-per-day Gulf exports disruption.<\/p>\n – Reuters<\/p>\n 03\/11\/26 05:00Tuesday markets recap: TSX gains back ground as fears lessen of prolonged war in Middle EastOpen this photo in gallery:<\/a><\/p>\n Israeli tanks and armoured personnel carriers near the Israel-Lebanon border on Tuesday. Canada\u2019s main stock index edged higher on Tuesday as fears lessened of a prolonged Middle East war, with gains for financial and metal mining shares offsetting declines for energy after oil prices pulled back.<\/p>\n The S&P\/TSX Composite Index ended up 81.33 points, or 0.3 per cent, at 33,270.65. On Monday, the index touched its lowest intraday level since Feb. 6 before ending higher.<\/p>\n \u201cPrices have recovered somewhat after the initial fears of a prolonged conflict,\u201d said Michael Sprung, president at Sprung Investment Management.<\/p>\n \u201cGoing forward we\u2019re going to see high volatility as long as this war continues. Perhaps the best thing investors can do is just be confident in the companies they own in terms of their financial integrity and their management integrity.\u201d<\/p>\n The materials index, which includes precious metal miners, added 1.2 per cent. The price of gold was up 1.2 per cent as the safe-haven U.S. dollar gave back some recent gains.<\/p>\n Heavily weighted financials were up 0.8 per cent despite a near 57-per-cent plunge in the shares of Goeasy Ltd. GSY-T<\/a> The lender forecast a fourth-quarter incremental charge-off of $178-million<\/a> and suspended its quarterly dividend as well as share repurchases.<\/p>\n Meanwhile, U.S. stocks lost steam, with the S&P 500 giving up early gains to skid into negative territory as investors weighed the U.S.-Israeli war on Iran against continuing worries of economic stagflation.<\/p>\n The Dow joined the S&P 500 in negative territory, while the Nasdaq eked out a nominal gain. <\/p>\n \u201cThe market was showing some strength and it has given all that back,\u201d said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. \u201cThere\u2019s a lot of confusion among investors.\u201d<\/p>\n \u201cYou see these headlines coming out of the White House that give the market hope, and then clearer heads prevail and markets realize this is nowhere near over,\u201d Mr. Ghriskey added. The indexes wavered through early-session trepidation as U.S. Defence Secretary Pete Hegseth warned that Tuesday would be the most intense day thus far of strikes against Iran.<\/p>\n The conflict has sparked a jump in crude prices, which has fuelled worries over inflation against a backdrop of a weakening labour market \u2013 a toxic combination of rising costs and a softening economy called stagflation.<\/p>\n U.S. and Brent front-month crude futures settled down over 11 per cent.<\/p>\n The Dow Jones Industrial Average fell 34.29 points, or 0.07 per cent, to 47,706.51, the S&P 500 lost 14.51 points, or 0.21 per cent, to 6,781.48 and the Nasdaq Composite gained 1.16 points, or 0.01 per cent, to 22,697.10.<\/p>\n Moves in Treasury yields were mixed and modest.<\/p>\n – Globe staff and wires<\/p>\n","protected":false},"excerpt":{"rendered":"Market updateAt \u20609:31 a.m. ET, the S&P\/TSX composite \u2060index \u200bwas down \u20600.3 per cent at 33,212.91 \u200cpoints.\u00a0The Dow…\n","protected":false},"author":2,"featured_media":529257,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1397,10456,43,11124,44,1399,203196,41,39,42,40,5756,1400,2785],"class_list":["post-529256","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-appwebview","tag-aud-growth","tag-headlines","tag-live-blog","tag-news","tag-nopolly","tag-noreadtime","tag-top-news","tag-top-stories","tag-topnews","tag-topstories","tag-yesapplenews","tag-yespop","tag-yessnap"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/529256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=529256"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/529256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/529257"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=529256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=529256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=529256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe U.S.-Israeli war with Iran has sparked a jump in crude prices, which has fuelled worries over inflation.Amir Cohen\/Reuters<\/p>\n