Markets rebounded today after the recent sell-off fueled by US-China trade tensions. As of noon, the S&P 500 had gained ~1.3% and the TSX Composite had gained ~0.84%, whereas the cannabis sector appeared mixed with some stocks trading in negative territory.
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In today’s first half, Canopy Growth (WEED) (CGC) fell ~0.44%. Canopy Growth has trended lower this month but has held onto its year-to-date gain of ~60%.
Aphria (APHA) had also fallen as of noon, by 0.6%, while CannTrust (CTST) had fallen ~2.4%. However, CannTrust has gained ~7% since May 14 thanks to its earnings results fueling some optimism in the stock.
Tilray (TLRY) and Emerald Health (EMHTF) had also fallen as of noon, by 1% and 0.8%, respectively. Green Thumb Industries (GTBIF) and Slang Worldwide (SLNG) had fallen ~1.7% and ~1.3%. In contrast, the Horizons Marijuana Life Sciences ETF (HMMJ) rose 0.54% in today’s first half.
Facebook (FB) has agreed to raise the minimum wage for thousands of its US contract workers.
After opening on a bearish note on Wednesday, Tesla (TSLA) was trading with 4.8% losses for the day, near $195.25 at 1:16 PM ET.
With voting conducted in seven phases panning six weeks, India’s (EPI) elections have been a grand affair—to say the least. Tomorrow is the day of the results.
Qualcomm (QCOM) stock fell more than 10% in the first half of trading on May 22 after it lost its licensing lawsuit with the US FTC (Federal Trade Commission).
Apple (AAPL) suffered a setback recently when the US Supreme Court allowed an antitrust lawsuit against the company to proceed.
Today doesn’t seem to be a good day for electric vehicle companies. Earlier today, NIO stock hit an all-time low of $4.00.
The cannabis sector has been struggling to find direction on May 22, with cannabis stocks trading on a largely mixed note in the first half.