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Stock impact report

S&P/TSX composite up more than 600 points, U.S. markets mixed to close volatile week [Investment Executive - News]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
Dustin Reid, vice-president and chief strategist for fixed income at Mackenzie Investments, said that stock markets have seen some volatility this past week with risks “bouncing around a fair bit on a number of themes.” Friday's trading session may have marked “a little bit of a buyback” given some of the recent risks, he said. The S&P/TSX composite index was up 608.43 points at 33,073.71. In New York, the Dow Jones industrial average was up 48.95 points at 49,500.93. The S&P 500 index was up 3.41 points at 6,836.17, while the Nasdaq composite was down 50.48 points at 22,546.67. The Canadian stock market benefited from gains in the basic materials sector. One of the factors helping that sector, Reid said, could be investors seeing opportunities after some swings in the precious metals market. “It could also just be people squaring positions after big shorts over the last little bit and trying to buy them back,” he said. Outside of basic materials, auto parts manufacture Show less Read more
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