Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE.PR.B

Primary Symbol: T.LFE Alternate Symbol(s): CLSPF

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

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Canadian Life Companies Split Corp > US FED still pushing higher for longer

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Post by mouserman on May 09, 2024 12:14pm

US FED still pushing higher for longer

US stocks rose on Thursday as a fresh earnings batch provided mixed results and a reading on unemployment claims showed evidence that the labor market continues to cool.

The Dow Jones Industrial Average (^DJI) rose about 0.4% in an effort to extend a six-day winning streak. The S&P 500 (^GSPC) gained 0.2%, while the tech-heavy Nasdaq Composite (^IXIC) rose 0.1%.

Stocks have lost some of their bounce — but mostly avoided bigger losses — after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer, with resistant inflation the sticking point.

However, initial weekly jobless claims data released on Thursday came in at 231,000, an increase of 22,000 from the prior week and the highest level since August. The latest Department of Labor print signals the job market continues to slow.