Skip to main content

Featured

Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
Post a Comment
Read more

article

Labels

Toronto Home Sales Fall in July After June Uptick, Prices Slightly Up

 

In July, Greater Toronto area home sales experienced a month-to-month decline of 1.7%, following a surprising 3.2% rise in June. These figures, reported by the Toronto Regional Real Estate Board (TRREB), broke a four-month streak of declining home deals. Despite this dip, average home prices edged up by 0.2% to reach C$1.13 million, the highest since December. Meanwhile, new listings decreased by 0.8%. 

The market’s anticipation of further rate cuts from the Bank of Canada has contributed to rising demand, with the central bank already reducing its key policy rate twice this year. As the cost of borrowing is expected to decline further, TRREB President Jennifer Pearce predicts accelerated sales due to lower monthly mortgage payments. On a year-over-year basis, sales were up by 3.28% in July, and new listings increased by 18.47%. Toronto, accounting for two-thirds of the country’s condominium sales, remains a bellwether for other major metropolitan areas.

Labels:

Comments

Post a Comment