Skip to main content

Featured

Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...
Post a Comment
Read more

article

Labels

Tragic Plane Crash Near DC: No Survivors Expected

A devastating plane crash occurred near Ronald Reagan Washington National Airport on Wednesday night, resulting in the tragic loss of all 64 passengers and crew on board. The American Airlines regional jet collided mid-air with a U.S. Army Black Hawk helicopter, leading to a multi-agency search-and-rescue operation in the Potomac River.

Authorities have confirmed that there are no survivors from the crash. D.C. Fire and EMS Chief John Donnelly stated that the wreckage was found in three sections in waist-deep water, and the recovery operation is ongoing. Twenty-eight bodies have been recovered so far, including 27 from the plane and one from the helicopter.

The crash occurred around 9 p.m. EST when the Bombardier CRJ700 regional jet was on approach to the airport. The collision took place on a clear night, and both aircraft were following standard flight patterns.

President Donald Trump expressed his condolences and praised the efforts of first responders. "May God Bless their souls," Trump said in a statement. "Thank you for the incredible work being done by our first responders."

The Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) are investigating the incident to determine the cause of the collision.

This tragic event has deeply affected the local community and beyond, with many expressing their sorrow and support for the families of the victims.



Labels:

Comments

Post a Comment