On Tuesday, the S&P 500 was down 0.1% while Toronto was uo 0.1%
After the close MicroSoft reported what one analyst said was insanely high operating earnings growth. But in After hours trading the shares are down although only down 0.3%.
Meanwhile I saw headlines that Starbucks reported earnings and outlook were quite disappointing and yet that stock is up 4.2% after hours.
A clearer picture will emerge tomorrow when analysts have a chance to digest the news.
AutoCanada was down 5.1% giving back yesterday’s gain.
There seems to be an increasing number of announcements of layoffs. Today it was Enbridge and UPS. It may be that the long-predicted recession will emerge.