What has the stock market done today?
At the close, the Dow Jones Industrial Average DJIA +0.56% –which at one point plunged over 400 points–ended 9 points higher, gaining just 0.03%. The S&P 500 SPX +0.76% also ended essentially flat on Friday, gaining 0.01%, while the Nasdaq Composite finished down 0.3%, recovering after a drop of more than 2%.
What is causing the TSX to fall?
Aggressive tone from central banks sends TSX to biggest 2-day drop since 2020. TORONTO — Canada’s main stock index suffered its worst two-day slump in nearly two years as a more aggressive tone about interest rate hikes from central banks wreaked havoc across North American markets.
What is the TSX rate of return YTD?
-4.83%
Performance
| 5 Day | 0.49% |
|---|---|
| 1 Month | -4.67% |
| 3 Month | -3.86% |
| YTD | -4.83% |
| 1 Year | 3.43% |
What is the highest the TSX has ever been in history?
Historically, the Canada Stock Market Index (TSX) reached an all time high of 22213.07 in April of 2022. Canada Stock Market Index (TSX) – data, forecasts, historical chart – was last updated on May of 2022.
What is a bear market in the stock market?
A bear market is a term used by Wall Street when an index like the S&P 500, the Dow Jones Industrial Average, or even an individual stock, has fallen 20% or more from a recent high for a sustained period of time.
Where is TSX headed?
The Canada Stock Market Index (TSX) is expected to trade at 20375.83 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 19260.91 in 12 months time.
How much has the TSX gained in 2021?
The S&P/TSX Composite index (CAD) closed at 21,222.84 points at the end of 2021. This was an increase over the past year, and a record high for the year-end closing value – despite the economic effects of the global coronavirus (COVID-19) pandemic.
What is the average return on the TSX?
The Canadian stock market (as represented by the S&P/TSX Composite index) provided average annual returns of 10.4% from 1970 through 2015. That’s the market’s arithmetic average annual return.
What is the safest investment in Canada?
A GIC is one of the safest investments you can make, and it can be held in both non-registered and registered (TFSA, RRSP, RESP, RRIF) accounts. Because your money is literally tied-up for 1-5 years, GICs tend to pay higher interest rates than savings accounts (which you can access any time).
https://www.youtube.com/watch?v=dp8PhLsUcFE