The Dow Jones Industrial Average, the oldest of the three main stock indexes on The New York Stock Exchange, entered bear market territory when it declined by 1.1% on September 26th. The decline extended the index’s drop-off from its all-time high and pushed its losses to over 20% from its January peak of 36,799 points to 28,725 points, which meets the criteria to enter a bear market.
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After nearly two years, the world is once again in the same conversation involving a virus and strict regulations in China. Will investors be better equipped for another turbulent market after some practice?
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American retail giant Macy’s announced the launch of a digital marketplace along with its Q3 2021 results, a move that analysts have not reached a consensus on.
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It is fair to say that, as it currently stands, Tesla has a firm grasp on the electric car industry. In addition to leading their industry, they are one of the most recognizable company household names, they are constantly innovating, and they are headed by CEO Elon Musk who essentially makes up the majority of Tesla’s marketing efforts by consistently drumming up press, week after week.
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A familiar name began trading on the public market recently. WeWork, the estranged commercial office space developer, began trading on October 21 and has jumped nearly 30%.
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Europe is preparing for a bleak winter as an energy crisis has sent prices for electricity and gas soaring. Germany, France, and the Netherlands have started to feel the effects of a waning energy supply, but the United Kingdom is projected to be the hardest hit.
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Defensive assets have taken center stage this quarter. The top S&P 500 sectors have been healthcare, real estate, and utilities. Utilities lead, up 10.2% so far. The thinking behind defensive stocks is that regardless of the economy’s health, people still consume the goods and services of these sectors.
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The Canadian housing market has been experiencing a large surge in demand for larger living spaces, leaving a dwindling supply that has made housing prices climb. In fact, the average price of buying a home in Toronto just surpassed 1 million dollars, which represents a 15% increase just over the past year alone
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