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home / news releases / LB:CC - U.S. Stocks Flat by Noon


LB:CC - U.S. Stocks Flat by Noon

Stocks fell on Wednesday as Wall Street struggled to snap a three-day losing streak and investors continued to digest inflation-fighting comments from Federal Reserve officials.

The Dow Jones Industrials sifted off 37.13 points to break for lunch at 31,753.74.

The S&P 500 proved 0.55 points better than breakeven at 3,986.71.

The NASDAQ Composite held onto gains of 2.31 points to 11,885.45.

All of the major averages are on track for a lower conclusion to what has been a strong month for stocks. The Dow and S&P 500 are currently on pace to finish the month about 3% lower. The NASDAQ is set to end down about 4%.

Treasury prices lost some spunk, raising yields back to Tuesday's 3.13%. Treasury prices and yields move in opposite direction.

Oil prices fell $1.28 to $90.36 U.S. a barrel.

Gold prices tumbled $3.70 to $1,732.60 U.S. an ounce.

Stock Information

Company Name: Laurentian Bank of Canada
Stock Symbol: LB:CC
Market: TSXC
Website: lbcfg.ca

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