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Mar 28 | Daily Finance News

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U.S. STOCK PICKS

  • S&P 500 trades flat, heads for best first quarter since 2019.
  • Driving the gains this quarter and month has been Nvidia, last year’s market leader, as the artificial intelligence craze shows no signs of slowing. The stock is up 82% for the quarter and 14% in March alone.
  • On Thursday, initial filings for unemployment insurance for the week ended March 16 came in at 210,000, slightly lower than the 211,000 that economists surveyed by Dow Jones had predicted.
  • US consumer sentiment tops estimates in March to hit nearly 3-yr high, UMich says.
  • Fed’s Waller still sees ‘no rush’ to cut rates amid sticky inflation data.
  • SBF sentencing live updates: FTX founder faces maximum of 110 years in prison, judge says.

CANADA MARKET

  • The Canadian economy still has some gas left in the tank, with robust gains in the first two months of this year, bolstering the Bank of Canada’s case for a patient stance on interest rate cuts.
  • Young people paying 'astronomically high living expenses: Following reports that younger Canadians are willing to make sacrifices to own a home, insolvency trustees say many should consider renting instead.

Mar 28 | 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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