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Stocks Enjoy Big Afternoon Bounce

Market Commentary Index futures rallied into last week’s highs overnight and rolled over in a vertical decline, selling off to March and April support levels, ahead of a strong afternoon bounce that brought the S&P 500 back into the green. Big tech underperformed, stalling at the flatline, while the Russell 2000 split the difference, dropping to a seven-week low and bouncing strongly in a long-legged doji candlestick reversal. Defensives caught

Newmont Announces Securityholding in TMAC

[Business Wire] – Newmont Mining Corporation announced that, following the completion by TMAC Resources Inc. of an initial public offering of its common shares, Newmont, through its indirect subsidiary Hope Bay Mining Ltd., beneficially owns 22,299,999 TMAC common shares, representing approximately 30.7 percent of the Common Shares issued and outstanding.