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Stockhouse @ the Bell: Markets move higher on Fed rate decisions

Stockhouse Editorial
1 Comment| March 16, 2022

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Tracking global stocks that rose on hopes for progress in Russia-Ukraine peace talks, Canada's main stock index closed higher on Wednesday in a broad increase, even though crude oil and gold prices continued to lose steam as concerns about lockdowns in China stemming from a rise in a new COVID-19 variant emerges.

Extending strong gains from the previous session, US stocks closed on a solid note ahead of the interest rate decision from the Federal Reserve, as investors prepare for the Federal Reserve to raise interest rates for the first time since late 2018. The Fed Funds Rate was raised from near zero and has been at rock bottom since the COVID-19 pandemic emerged in March 2020. In an attempt to tame inflationary pressures, The Fed is poised to continue to raise rates, with prices rising at their fastest levels in 40 years.

Today in the Markets

TSX 21,355.54 +167.70 Click to enlarge
TSXV 823.86 +5.53 Click to enlarge
CSE 403.40 +4.61 Click to enlarge
DJIA 33,718.24 +173.90 Click to enlarge
NASDAQ 13,253.37 +304.75 Click to enlarge
S&P 500 4,310.67 +48.22 Click to enlarge

The Canadian dollar traded for 78.77 cents US compared with 78.02 cents US on Tuesday.

Crude oil prices were down 0.82 to $95.62.

The price of gold was down 5.32 to $1,912.55.

In world markets, the Nikkei was up 415.53 points to 25,762.01, the Hang Seng was up 1,672.42 points to 20,087.50, the FTSE was up 120.34 points to 7,296.04, and the DAX was up 523.47 points to 14,440.74.

Top 10 Bullboards:

Company Ticker Views
Baytex Energy Corp T.BTE 2306
Datametrex AI Ltd V.DM 1773
Theralase Technologies Inc. V.TLT 1119
Therma Bright Inc. V.THRM 913
Ivanhoe Mines Ltd. T.IVN 730
Sherritt International Corp T.S 709
HPQ-Silicon Resources Inc V.HPQ 686
Critical Elements Lithium Corp V.CRE 670
Nevada Copper Corp. T.NCU 610

Today in the News:

West Island Brands Inc. | West Island Makes First Delivery of General Listing to OCS
Fineqia International Inc. | Fineqia International Joins the Global Blockchain Business Council
Visionstate Corp. | Visionstate's WANDA(TM) Bolsters Rapid Expansion of Software Activations Across Several New Sectors
Sirios Resources Inc | Sirios drills 2.97 g/t Au over 80.0 m, including 29.13 g/t Au over 5,9 m on its Cheechoo gold project, Quebec
Global Energy Metals Corp. | Global Energy Metals Announces Partner Funded Drilling Campaign to Commence at the Millennium Cobalt-Copper-Gold Project
Questex Gold & Copper Ltd. | QuestEx Announces New Exploration Team
PlantX Life | PlantX Launches Same-Day Grocery Delivery Across Ottawa and Toronto, Ontario
Mind Cure Health Inc | MINDCURE Provides Update on Strategic Review
Carbeeza Inc. | Carbeeza Inc. Announces Manitoba Launch
New Age Metals Inc. | New Age Metals Identifies Additional Prospective Structural Trends from High-Resolution UAV-Borne Magnetic Surveys, Lithium Division, Manitoba
Bee Vectoring Technologies International Inc | Bee Vectoring Technologies Joins Industry Leaders at World Agri-Tech Innovation Summit
Siyata Mobile Inc. | Siyata Mobile to Participate in the 2022 Virtual Growth Conference Presented by Maxim Group LLC and hosted by M-Vest on March 28th - 30th from 9:00 a.m. - 5:00 p.m. EDT
Vejii Holdings | Vejii Announces DTC Eligibility of its Common Shares
Fabled Copper | Fabled Copper Reports on the Magnum Mine Deposit UAV Drone Mission Survey
Cybin Inc. | Cybin to Participate in the 2022 Maxim Group Virtual Growth Conference on March 28-30, 2022
Dynacor Gold Mines Inc | Dynacor Reports Sales of US$16.7 Million (C$21.2 Million) for February 2022, a 40.3% Increase Compared to 2021
Mednow Inc. | Mednow Launches Personalized Supplement Program
CULT Food Science Corp. | CULT Food Science Completes Investment in Cell-Based Milk Company Opalia
Argentina Lithium & Energy Corp. | Argentina Lithium Receives TSXV Approval to Acquire Rincon West and Pocitos Properties in Salta Province
Eloro Resources Ltd. | Eloro Resources Intersects 182.34g Ag eq/t (29.85g Ag/t, 1.01% Zn, 0.64% Pb, 0.11% Cu and 0.11% Sn) over 351.0m in Southern Part of Santa Barbara Target at Iska Iska Silver-Tin Polymetallic Project, Potosi Department, Bolivia
Red Pine Exploration Inc. | Red Pine Announces High Grade Intersection at The Historical Darwin-Grace Mine: 11.47 g/t gold over 2.73 meters in the Nyman Shear Zone
Leucrotta Exploration Inc. | Leucrotta Exploration Announces 2021 Year-End Reserves
Empower Clinics Inc | Empower Clinics Provides Business Updates on its Continued Growth
Datametrex AI Ltd | Datametrex Recognized as Most Promising Canadian Tech Company

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