S&P/TSX composite flat as oil falls, U.S. stock markets mixed after Fed decision

TORONTO — Canada's main stock index eked out a gain Wednesday even as energy stocks fell, while U.S. markets stumbled to a mixed close after a short-lived surge in the afternoon.In New York, the Dow Jones industrial average was up 87.37 points at 37,903.29.The S&P 500 index was down 17.30 points at 5,018.39, while the Nasdaq composite was down 52.34 points at 15,605.48.The June crude oil contract was down US$2.

WASHINGTON — The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognize the medical uses of cannabis, but wouldn't legalize it for recreational use. The proposal would move marijuana from the “Schedule I” group to the less tightly regulated “Schedule III." So what does that mean, and what are the implications? WHAT HAS ACTUALLY CHANGED? WHAT HAPPENS NEXT? Technically, nothing yet.

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two sources familiar with the matter, in another sign that the electric-vehicle maker is retrenching amid falling sales and rising competition. Tesla has been a leader in gigacasting, a cutting-edge technique that uses huge presses with thousands of tons of clamping pressure to die-cast large sections of the car’s underbody.

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These five companies offer strong returns. The post Dividend Royalty: 5 Fabulous Stocks to Buy Now for Decades of Passive Income appeared first on The Motley Fool Canada. -- The cocoa market was whipsawed by extreme volatility in the futures market on Tuesday amid a lack of liquidity.

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S&P/TSX composite down as oil falls, U.S. stock markets mixed ahead of Fed decisionTORONTO — Canada's main stock index was lower in late-morning trading, weighed down by losses in the energy stocks as the price of oil fell, while U.S. stock markets were mixed ahead of the Federal Reserve's interest rate decision this afternoon.
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