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Stock impact report

Canada, U.S. markets rise as technology stocks gain ground and oil prices fall [Advisor.ca (Canada)]

Raymond James Financial, Inc. (RJF) 
Last raymond james financial, inc. earnings: 4/29 04:35 pm Check Earnings Report
US:NYSE Investor Relations: raymondjames.com/investor-relations
Company Research Source: Advisor.ca
Canadian and U.S. stock markets gained ground on Wednesday as oil prices fell and tech stocks rose on both sides of the border. “It could be a potential bounce that we are likely seeing, but we have seen markets are continuing to remain driven by those geopolitical headlines,” said Brianne Gardner, senior wealth manager of Velocity Investment Partners at Raymond James Ltd. The S&P/TSX composite index was up 334.72 points at 32,876.65. All sectors were in positive territory on Canada's benchmark index, with technology stocks leading the gains. “Tech had sold off earlier during some of this geopolitical volatility, but usually when markets stabilize, I think higher beta sectors like tech do tend to bounce first,” Gardner said. Canadian investors also sifted through inflation figures for the month of February, which showed signs of easing. However, economists warn that price relief will be short-lived as the war in the Middle East fuels surging energy costs. Statistics Canad Show less Read more
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