Mar 26 | Daily Finance News

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U.S. STOCK PICKS

Closing: 4:00 PM EST

The S&P 500 fell for a third consecutive session on Tuesday. The broader market index slid 0.28% to close at 5,203.58, while the Nasdaq Composite lost 0.42%, finishing at 16,315.70. The Dow Jones Industrial Average inched down by 31.31 points, or 0.08%, to settle at 39,282.33. All three closed at a record on Thursday, which brought the Dow closer to the 40,000 level.
Economic data out Tuesday was mixed, showing stronger-than-expected orders for durable goods, but waning consumer confidence.
A varied group of stocks moving higher on Tuesday included Tesla, which gained nearly 3% in a turnaround for the electric vehicle manufacturer that has so far floundered this year.
Krispy Kreme rallied 39% after the doughnut retailer announced it would expand its partnership with McDonald’s.
Apple announces its big annual conference, where it could reveal its AI strategy.
Reddit investors shrug off hold rating, bid up stock another 15% as post-IPO rally continues.

Canada Goose to cut 17% of its corporate workforce, following string of retail layoffs.
CFIB says 200,000 small businesses took new loans to meet CEBA repayment deadline.
Ontario deficit ballooning to $9.8B next year amid slow economic growth.

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

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.

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.