The close: Wall Street rallies to end longest weekly losing streak in decades [Toronto Globe and Mail (Ontario, Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
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Source: Toronto Globe and Mail
Wall Street closed sharply higher on Friday as signs of peaking inflation and consumer resiliency sent investors into the long holiday weekend with growing optimism that the Federal Reserve will be able to tighten monetary policy without tipping the economy into recession. In Canada, the TSX notched its second straight weekly advance, closing at its highest closing level since May 4. All three major U.S. stock indexes snapped their longest weekly losing streaks in decades. The S&P and the Nasdaq suffered seven consecutive weekly declines, the longest since the end of the dot-com bust, while the blue-chip Dow’s eight-week selloff was its longest since 1932. “The market has now discounted a lot of the negative news, a lot (of which) hit all at once,” said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. “Now we have absorbed that news and the actions the Fed is going to take, and we’re wrapping up earnings season.” “The signs are lining up and the boxes are being checked that we
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News
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website