Mar 26 | Daily Finance News

20240326 stock market

U.S. STOCK PICKS

  • S&P 500 rises slightly, tries to recover from back-to-back losses.
  • Economic data released Tuesday morning showed that orders for long-lasting goods in the U.S. rose by 1.4% in February, exceeding the 0.8% consensus from economists, according to StreetAccount.
  • Tuesday’s moves higher were led by shares of McCormick, up 9% following a fiscal first-quarter beat.
  • Shares of Seagate Technology rose 9% following an upgrade to overweight at Morgan Stanley,
  • Trump Media stock jumps more than 50% after DJT ticker debut.
  • Cocoa prices hit $10,000 per metric ton for the first time ever. Cocoa has been on a tear this year, soaring nearly 138%.
  • Visa and Mastercard have reached a settlement to cap credit card fees for retailers, resulting in an estimated $30 billion of savings over five years.
  • McDonald’s to sell Krispy Kreme nationwide; doughnut maker’s shares jump.

CANADA MARKET

  • Investors have pulled billions from Canadian mutual funds in the high interest rate era.
  • Need to improve Canadian productivity has reached emergency level, BoC official says.
  • It's budget day in Ontario, and the finance minister is set to present his plan to bolster the economy ahead of an expected slowdown, while also trying to ease the rising cost of living.

Mar 26 | Daily Finance News

U.S. STOCK PICKS

Closing: 4:00 PM EST

*All information sourced from news portals such as CNBC, Yahoo Finance, Reuters, etc.

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