5 from 5i: How IBM lost the cloud

Barkha Rani Oct 01, 2021
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Market View

Major North American indices such as TSX, S&P500, and Nasdaq recorded September 2021 as the worst monthly performance since the pandemic slide in March 2020. Drawing from the North American markets, Asian and European markets also ended the month in negative territories. Oil prices declined on the market expectation of OPEC producers to increase output, and gold prices slipped as a hawkish Fed stance might lead to an interest rate hike earlier than previously expected. The Canadian dollar was 78.94. U.S. S&P500 ended the week down 3.0%, while the TSX ended the week down 1.9%.


The inflation fears weighed on all sectors, except Energy. Energy rose 3.0%, while technology slid 7.1%, much was which was due to a short report on LSPD. Consumer discretionary gave up 3.7%, while healthcare and consumer staples declined by 3.0%, and 2.8%, respectively. Utilities ended the week down 2.2%, and Telecommunications were down 1.8%. Financials and materials slid by 1.5%, and 1.0%, respectively. The most heavily traded shares by volume were Bank of Nova Scotia, Crescent Point Energy, and Toronto-Dominion Bank.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


Disclosure: Please note that the author does not hold a financial or other interest in stocks or funds mentioned.



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