Yahoo Finance Tech Stocks Sell Off On China Tariffs; This Top Retailer Hits High
Tech stocks sold off early Monday on trade war fears. Top retail stock Lululemon hit a new high on an analyst upgrade.
Tech stocks sold off early Monday on trade war fears. Top retail stock Lululemon hit a new high on an analyst upgrade.
The S&P 500 (^GSPC) has gained roughly 18% in the last 6 months, with only a slight pullback in late March to mid-April. Many analysts on Wall Street have raised their year-end targets for the S&P 500. Fundstrat Global Advisors Managing Director & Global Head of Technical Strategy Mark Newton joins Market Domination to discuss the momentum behind the S&P 500 and the market's overall health. Newton gives his bullish stance, advising investors: "I think this is a year for risk-taking. I'm very bullish. I think we push up to probably 5400 at a minimum. We can see consolidation I think, in the fall. But now is not a time to be running for cover. If anything, with evidence of treasuries starting to gain some traction and wheels are starting to roll over and the dollar is starting to pull back. That's been great for emerging markets." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino
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A lobster processing plant in northeastern New Brunswick has been fined more than $365,000 and banned from hiring temporary foreign workers for two years. LeBreton Fisheries in Grand-Anse, on the Acadian Peninsula, was previously fined $30,000 for failing to provide a work environment free of harassment and reprisal.In a decision made in April, Immigration Canada found that the employer violated the same rule again and four new ones.It found that pay or working conditions did not match the worke