Stocks rose broadly in morning trading on Wall Street Tuesday as investors welcomed early signs that tensions appear to be easing in Ukraine.
The S&P 500 rose 1.1% as of 10:13 a.m. Eastern. Roughly 90% of stocks within the benchmark index notched gains. The Dow Jones Industrial Average rose 325 points, or 0.9%, to 34,896 and the Nasdaq rose 1.7%.
Technology stocks and companies that rely on consumer spending led the gains. Apple rose 1.3%, Amazon rose 1% and Nike rose 2.5%.
Bond yields continued rising. The yield on the 10-year Treasury rose to 2.03% from 1.99% late Monday. The gains helped lift banks, which rely on higher bond yields to charge more lucrative interest rates on loans. JPMorgan Chase rose 1.6%.
Treasury yields have been gaining ground throughout 2022 as investors prepare for the Federal Reserve to start raising interest rates to fight rising inflation. The central bank is expected to start raising rates in March and traders see a 61% chance for a first hike of half a percentage point, double the traditional move.
U.S. benchmark crude oil prices slumped 4.7%. Oil prices have been volatile amid tensions over Russia potentially invading neighboring Ukraine. Some of that tension was relieved Tuesday after Russia said some troops would be returning to military bases, though it didn't specifically say the troops pulling back were part of those amassed on Ukraine's border.
Russia is a major energy producer and military action that disrupts supplies could jolt markets and global industries.
European markets, which have been sensitive to tensions between Russia and Ukraine, were higher.
The concerns on Wall Street over the potential conflict were piled on to a long list of threats for the broader financial markets and global economy that include persistently rising inflation's impact on businesses and consumers. A report from the Labor Department on Tuesday showed that wholesale inflation surged again in January, rising 9.7% from a year earlier.
The rising costs have been crimping operations for a wide range of businesses and prompting many to raise prices on finished goods from clothing to food. That has raised concerns that consumers could eventually pull back on spending, therefore hurting economic growth. Investors will get an update on retail sales on Wednesday when the Commerce Department releases its January report.
Investors also have their eye on the latest round of corporate earnings, including Airbnb late Tuesday, DoorDash on Wednesday and Walmart on Thursday.
U.S. President Joe Biden and former president Donald Trump are set to go head-to-head tonight in the first of two planned presidential debates. Here's how to watch the CNN Presidential Debate, Power Play's pre- and post-debate specials, and follow along in our real-time CTVNews.ca live expert analysis and commentary by debate and body-language experts.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
A potential strike by WestJet airplane mechanics would upend travel plans for 250,000 customers over the Canada Day long weekend, the airline says — and cost it millions of dollars.
A Nunavut judge has sentenced a Toronto woman to three years in prison in a case of Inuit identity fraud.
The Supreme Court of Canada has rejected an application from a Saskatoon man who murdered his wife.
Canada has welcomed more than 3.9 million new citizens since 2005, with nearly one third coming from India, the Philippines or China, according to a CTVNews.ca analysis.
Fans of Marilyn Monroe have won a battle to preserve her mark on Los Angeles and are a step closer to seeing a towering statue of the silver screen icon remain in Palm Springs.
A New Hampshire man charged with threatening the lives of presidential candidates last year has been found dead while a jury was deciding his verdict, according to court filings Thursday.
So-called godfather of AI Geoffrey Hinton says he's 'pleased' governments are starting to take artificial intelligence, and the possible regulations of it, seriously.
A 23-year-old man has died of his injuries after multiple shots were fired at a housing complex in North York's Shawnee Park area overnight.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
Winnipeg police say the occupants of a home that exploded in the Transcona neighbourhood on Wednesday were not there at the time of the blast.
Calgary Mayor Jyoti Gondek issued a stern warning to residents on Thursday morning about curbing their water use, saying consumption levels have continued to creep up over the past several days.
A B.C. condo owner who was fined tens of thousands of dollars over hundreds of noise complaints made by his downstairs neighbour was partially successful in having the penalties overturned.
Nova Scotia Justice Minister Barbara Adams says the province's police watchdog is in talks with a civilian agency that may be willing to investigate the role of police in the wrongful murder conviction of Glen Assoun.
The murder trial of Bryan Kohberger, the criminology grad student accused of fatally stabbing four University of Idaho students in 2022, is set to begin June 2, 2025, according to a scheduling order filed in court.
Bolivia President Luis Arce on Thursday denied being behind an attempted coup against him, and said that the general who apparently led it 'acted on his own.'
Oklahoma executed a man Thursday who was convicted of kidnapping, raping and killing a 7-year-old girl in 1984.
Did Karen Read kill her police officer boyfriend by slamming into him with her Lexus and then leaving him to die in a brewing snowstorm after a night out drinking?
U.S. House Republicans advanced a resolution Thursday that would hold President Joe Biden's ghostwriter in contempt of Congress for refusing to turn over records related to the special counsel investigation into Biden's handling of classified documents.
Oklahoma's top education official ordered public schools Thursday to incorporate the Bible into lessons for grades 5 through 12, the latest effort by conservatives to incorporate religion into classrooms.
So-called godfather of AI Geoffrey Hinton says he's 'pleased' governments are starting to take artificial intelligence, and the possible regulations of it, seriously.
Ottawa plans to expand eligibility for the federal dental program today to include children under the age of 18 and people who receive a disability tax credit.
A new report from the federal agency shows that between 2016 and 2020, 23 per cent of foreign workers had become permanent residents two years after obtaining their first work permits.
CHEO has announced that Alex Munter is stepping down as the president and CEO of eastern Ontario's children's hospital to take on a new role as the CEO of the Canadian Medical Association.
Chicago native Jeffrey Odwazny says he has been addicted to ultraprocessed food since he was a child. 'I was driven to eat and eat and eat, and while I would overeat healthy food, what really got me were the candies, the cakes, the pies, the ice cream,' said the 54-year-old former warehouse supervisor.
Alzheimer’s disease may be inherited more often than previously known, according to a new study that paints a clearer picture of a gene long known to be linked to the common form of dementia.
Has your iPhone screen cracked, or does your MacBook battery not charge like it used to? Instead of sending it in to an Apple repair centre or scheduling an appointment with a Genius Bar, Canadians will soon be able to fix their own devices at home.
White-nose syndrome has been found in bats in the largest known hibernation area in the province.
The Center for Investigative Reporting said Thursday it has sued ChatGPT maker OpenAI and its closest business partner, Microsoft, marking a new front in the legal battle between news publications fighting against unauthorized use of their content on artificial intelligence platforms.
Competitive eater Joey 'Jaws' Chestnut will take his hot dog-downing talents to an army base in Texas for America's Independence Day this year after a falling out with organizers of the event that made him famous, the annual 4th of July eating contest in Brooklyn's Coney Island.
Singer, songwriter, satirist and novelist Kinky Friedman, who led the alt-country band Texas Jewboys, toured with Bob Dylan, sang with Willie Nelson, and dabbled in politics with campaigns for Texas governor and other statewide offices, has died.
Killer Mike is expected to avoid charges over a physical altercation that led to his arrest at the Grammys earlier this year after the rapper recently completed community service.
Federated Co-operatives Limited (FCL) is investigating after suffering what it calls a "cybersecurity incident."
A potential strike by WestJet airplane mechanics would upend travel plans for 250,000 customers over the Canada Day long weekend, the airline says — and cost it millions of dollars.
The Canada Revenue Agency says it is ramping up efforts to recover overpayments of pandemic-related benefits.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Estelle Savoie and Linda Philipert have been best friends for 43 years and decided to commemorate their friendship by recreating a photo shoot they did in 1984.
Bronny James — the oldest son of the NBA's all-time scoring leader and four-time champion — was drafted Thursday by the Los Angeles Lakers, the team that his father has played for since 2018. Bronny James was taken with the No. 55 overall pick, deep in the second round and with only three picks remaining in this year's draft.
A jury in U.S. District Court ordered the NFL to pay nearly US$4.8 billion in damages Thursday after ruling that the league violated antitrust laws in distributing out-of-market Sunday afternoon games on a premium subscription service.
Ken Holland is out as Edmonton Oilers president of hockey operations and general manager. He joined the Oilers in May 2019 and his contract ends this Sunday.
Several stolen vehicles believed to have been used in organized and serious crime, including one homicide, have been found in Alberta during an investigation into an auto theft ring.
Data from Statistics Canada suggests that a vehicle is stolen every five minutes in the country. Now, police are investigating whether there's a connection between when and where a vehicle was last serviced, and the date it was stolen, they revealed to CTV National News.
Ontario drivers in good standing won’t have to worry about renewing their licence plates starting Canada Day.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
The Winnipeg Art Gallery- Qaumajuq recently discovered that one piece in its collection is a fake and part of a massive art forgery ring that included more than 1,500 pieces.
Six-year-old Bruce Arthur Chang is the new grand champion of Canada in the UCMAS math competition, and says he is hoping to make a mark on the international stage.
Harold Brenton Anderson, who wore high heels for decades in Halifax and loved to travel, has died.
An Ottawa cat has morphed into a TikTok star, as he's slimming down from weighing 43 pounds.
Bill Neald is still living out his passion of playing baseball at the age of 90 in Regina’s Senior Mixed Slo-Pitch League.
A Bracebridge man who died trying to save a distressed swimmer nearly four years ago is being recognized among 18 others for their extraordinary acts of heroism.
For the first time in two years, a model of the RMS Titanic will return to the Halifax Public Gardens, thanks in part to public demand.
A decision to quietly remove a decades-old Heritage Minute on Louis Riel has left some in the Métis community scratching their heads, as questions are raised about how Canada's history is portrayed.
In 2026, the eyes of the world will be on BC Place as it hosts seven matches in the FIFA World Cup, but until recently, nobody has been able to lay eyes on the stadium agreement for those games.
West Vancouver police aren't revealing many details about a two-vehicle crash on Highway 1 just before midnight Wednesday night that left two people dead and sent three others to hospital.
A senior in West Vancouver was swiped at and injured by a black bear that was trying to break into a garage Thursday, according to officials.
With a week left until thousands of LCBO workers could walk off the job, the Crown corporation has announced that it will close all its retail stores for 14 days if no deal is reached by July 5.
Ontarians heading outdoors this summer are likely well-versed on the potential risk of Lyme disease that comes with a tick bite. But there are three other pathogens that can be transmitted by blacklegged ticks that public health officials want you to know about – and confirmed cases have already been reported in Ontario.
U.S. President Joe Biden and former president Donald Trump are going head-to-head in the first of two planned presidential debates. Here's how to watch the CNN Presidential Debate, Power Play's post-debate special, and follow along in our real-time CTVNews.ca live expert analysis and commentary by debate and body-language experts.
A potential strike by WestJet airplane mechanics would upend travel plans for 250,000 customers over the Canada Day long weekend, the airline says — and cost it millions of dollars.
The United Conservative Party has come out swinging at new Alberta NDP Leader Naheed Nenshi in a series of attack ads.
Police say a 19-year-old man critically injured after being hit by a vehicle in northeast Calgary on Tuesday is dead.
Ottawa police are going as far as to tell people to stay away from Facebook Marketplace altogether when looking for a place to rent because of the prevalence of scams.
CHEO has announced that Alex Munter is stepping down as the president and CEO of eastern Ontario's children's hospital to take on a new role as the CEO of the Canadian Medical Association.
The provincial government has announced it will be spending close to $1 billion to refurbish eight hydroelectric generating stations in eastern Ontario.
The pond sector at the Mont-Saint-Bruno Provincial Park is closed after a woman died after a tree fell on her on the Grand-Duc trail on Thursday.
The Loto Quebec International Fireworks competition begins Thursday in Montreal with a tribute to boy and girl bands.
The stage is set for the 44th edition of the Montreal International Jazz Festival. Over the next 10 days there will be 350 concerts taking place in the heart of downtown, the majority of them free.
Edmonton police are investigating a death following a collision in the city's southwest.
U.S. President Joe Biden and former president Donald Trump are going head-to-head in the first of two planned presidential debates. Here's how to watch the CNN Presidential Debate, Power Play's post-debate special, and follow along in our real-time CTVNews.ca live expert analysis and commentary by debate and body-language experts.
Ken Holland is out as Edmonton Oilers president of hockey operations and general manager. He joined the Oilers in May 2019 and his contract ends this Sunday.
A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.
A national survey of 1,232 Canadians from individuals from both the public and private sectors reveals a significant desire among employees who believe employers have the right to choose where employees should work.
A three-vehicle collision has closed part of Highway 1 in Mount Uniacke, N.S., Thursday morning.
Winnipeg police say the occupants of a home that exploded in the Transcona neighbourhood on Wednesday were not there at the time of the blast.
A sigh of relief for Winnipeg community groups concerned about the amount of money available to them through the city's community grants program.
A sentencing hearing is underway for a Manitoba doctor found guilty of sexually assaulting multiple patients over several years.
Thursday marked day four of the trial of Jeffrey Dumba, a former Regina teacher who is accused of sexually exploiting a 15-year-old female student.
Federated Co-operatives Limited (FCL) is investigating after suffering what it calls a "cybersecurity incident."
A death in the community of Canora, Sask. has been deemed non-suspicious in nature following an investigation.
A man, previously found guilty of first-degree murder in connection to a 2014 death in Kitchener, has pleaded guilty to a lesser charge.
Drama is usually reserved for the Stratford Festival stage, but on Thursday night, it might play out at Stratford City Hall - again.
Parents who ran into technical problems with Waterloo Region’s registration system for before and after school programs have a new date to circle on their calendars.
The Supreme Court of Canada has rejected an application from a Saskatoon man who murdered his wife.
For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.
Drivers in Saskatoon’s north industrial area were treated to a grisly sight on their commute home on Thursday — a truck apparently spilled a load of pig parts onto Millar Avenue.
Lactalis Canada officially reopened its facility on Thursday, unveiling a new product line.
One person has been charged after a suspect stole a vehicle in Sables-Spanish Rivers Township, then drove it to Ontario Provincial Police to discuss another matter.
Armed with notes, Chief Sydney Lecky was ready for his first public meeting with the Timmins Police Service Board on Thursday.
Charges have been laid in relation to a recent fatal fail to remain investigation in St. Thomas.
For nearly 50 years, Clinton's kids have enjoyed an outdoor pool. However, following a three-year long closure due to expensive required repairs, Clinton's pool will now never be swam in again.
VIA Rail unveiled the first cars in its new fleet of state of the art passenger trains Thursday, with leaders taking part in the inaugural ride between London and Windsor.
Michael Lahay pleaded guilty to manslaughter for stabbing his mother, Wendy, 30 times inside their Ramara home in 2021 while experiencing "substance-induced psychosis" after he ate a dozen homemade cannabis brownies.
An Orillia man faces charges in connection with an internet child exploitation case.
Mother Nature's roller coaster weather recently has brought an early end to strawberry season despite a strong start with record-breaking crops in early June.
The funeral arrangements for a family found dead in a home in Harrow have been released.
Swimming lessons have not been offered at the Lanspeary Park pool since 2015 but they are returning now. So is the pool which closed down in 2022 after city council approved a $3 million dollar replacement.
U.S. President Joe Biden and former president Donald Trump are going head-to-head in the first of two planned presidential debates. Here's how to watch the CNN Presidential Debate, Power Play's post-debate special, and follow along in our real-time CTVNews.ca live expert analysis and commentary by debate and body-language experts.
The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.
Months after a double-stabbing in downtown Victoria that left one victim dead, a suspect has been charged with murder.
A wrong-way driver has been arrested and charged nearly one year after a 24-year-old man was killed in a head-on highway collision in Nanaimo, B.C.
Mounties in Kelowna say a suspect is at large after a man was stabbed in the city Sunday afternoon.
Police are remaining tight-lipped about a woman’s death in a Kelowna park on Friday.
Police have identified a man found dead in B.C.’s Interior last weekend as Donald “Donnie” Lyons.
The 122-year-old Raymond Stampede is set to get underway this weekend, but this year’s event will occur at a new location.
A picture of rage and determination among COVID-19 protesters at the border blockade at Coutts, Alta., was spelled out in text messages shown Thursday at a murder-conspiracy trial.
Dozens of farmers from across southern Alberta turned out Wednesday for Farming Smarter’s annual 2024 field school.
The Dryden detachment of the Ontario Provincial Police is investigating a fatal collision involving a commercial vehicle and a passenger vehicle.
One person has been charged after a suspect stole a vehicle in Sables-Spanish Rivers Township, then drove it to Ontario Provincial Police to discuss another matter.
A northern Ontario woman has been charged with assault with a weapon after a stabbing at a home in Sault Ste. Marie, police say.
A judge dismissed all sexual misconduct charges against a Newfoundland lawyer Thursday, saying repeated inconsistencies and falsehoods in the complainant's accounts eroded her credibility and left him unable to believe her allegations.
With rain coming down in central Labrador and temperatures dropping, the wildfire near Churchill Falls has been downgraded, although fire officials say there's still work to be done to keep the flames at bay.
The wildfire that forced the evacuation of Churchill Falls remains three kilometres from the community as the premier of Newfoundland and Labrador signalled cautious optimism.
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