Bullboard - Stock Discussion Forum DIVIDEND 15 SPLIT CORP II T.DF.PR.A

Primary Symbol: T.DF Alternate Symbol(s): DVDDF

Dividend 15 Split Corp. II is an investment company, which invests in a portfolio of 15 dividend-yielding, Canadian companies. It offers two types of shares, a Class A and Preferred. The investment objectives with respect to the Class A shares are to provide holders of the Class A shares with regular monthly cash dividends. The net asset value per unit must be above the required $15 per unit... see more

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DIVIDEND 15 SPLIT CORP II > Stocks give back gains..

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Post by mouserman on Mar 14, 2024 3:44pm

Stocks give back gains..

US stocks slid on Thursday following the release of a hotter-than-expected wholesale inflation print. The reading served as one of the last pieces of data that could sway the Federal Reserve at its policy meeting next week.

The S&P 500 (^GSPC) fell 0.4%, while the Dow Jones Industrial Average (^DJI) declined 0.4%. The tech-heavy Nasdaq Composite (^IXIC) fell 0.5%. Shares of Nvidia (NVDA) and Tesla (TSLA) both fell more than 4%, continuing a slide from the previous session.

February's Producer Price Index rose 0.6% from last month, higher than an expected increase of 0.3%. Investors were watching whether inflation is cooling fast enough to satisfy Fed policymakers and herald interest rate cuts.

Though the market shrugged off signs of sticky inflation in Tuesday's CPI report and stuck to their hopes for a policy pivot come summer, that calculus could be changing. According to the CME Group's FedWatch tool, 40% of traders now expect the Fed to hold at current interest rate levels through June, an uptick from about 25% one week ago.