Tag: Markets

Technology sector boosts TSX as Lightspeed climbs, U.S. stock markets mixed

TORONTO — Gains in the technology sector helped lift Canada’s main stock index to a positive close as U.S. markets were mixed and the Canadian dollar lost ground against the American greenback on Tuesday.

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© Provided by The Canadian Press

North American markets returned to a more typical low-volume Christmas week activity level after Monday’s “overblown” reaction to news of a new strain of the coronavirus in the United Kingdom, said Craig Jerusalim, senior portfolio manager at CIBC Asset Management.

Investors appeared to take some comfort from suggestions that while the new strain may be more readily transmitted, it may

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Marvell Technology (MRVL) Dips More Than Broader Markets: What You Should Know

Marvell Technology (MRVL) closed at $34.69 in the latest trading session, marking a -1.87% move from the prior day. This move lagged the S&P 500’s daily loss of 0.8%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 1.69%.

Coming into today, shares of the chipmaker had lost 3.6% in the past month. In that same time, the Computer and Technology sector gained 3.6%, while the S&P 500 gained 5.66%.

Investors will be hoping for strength from MRVL as it approaches its next earnings release, which is expected to be August 27, 2020. In that report,

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AT&T Launches 5G in 28 More Markets Using DSS Technology

Yesterday, AT&T Inc. T announced that its 5G network is available to consumers in 28 more markets and covers 179 million people. With this launch, the Dallas, TX-based telecom giant is currently offering access to 5G on its unlimited wireless plans for consumers and businesses in a total of 355 markets across the country. AT&T expects to reach a nationwide 5G coverage this summer.

Consumers in Miami, Jackson, Austin and Salt Lake City, among others, now have access to AT&T’s 5G network. Importantly, the company has deployed Dynamic Spectrum Sharing (DSS) technology in parts of some markets. DSS enables communication

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