By Mike Keerma
The major North American stock indices held their own on the week, with
S&P/TSX Composite Index advancing 1.4%, as
crude oil gained 1.3%, despite some softness on Friday. With first-quarter earnings
expectations still high, the U.S. blue chip
S&P 500 Composite Index edged up 0.5% week over week, despite headwinds from interest rates as the
yield on the benchmark U.S. 10-year Treasury note rose to near 3.0%, its
highest level since 2014. Yields were fueled by inflationary pressures as
the March all-items consumer price index rose to an annual 2.4%, with the
core rate at 2.1%. A retreat on Friday in both the energy and technology
sectors weighed on stock indices at week’s end, but the
Nasdaq Composite Index
still managed 0.6% uptick on the week, even as
Apple Corp. (NASDAQ: AAPL) slipped, mainly on growing concerns over its flagging iPhone X sales.
* Fidelity launches founder fund.
Fidelity Investments Canada debuted it
Fidelity Founders Class, managed by Fidelity’s Daniel Kelley. The fund invests primarily in
founder-led companies anywhere in the world and across the market cap
spectrum in both public and private markets. Fidelity defines a founder-led
company as one where the founder remains in a position of influence, such
as CEO, board of directors, or personal or family share ownership.
Check Fund Library’s
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