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Stockhouse @ the Bell: Financial earnings give boost to TSX & Wall Street

Stockhouse Editorial
0 Comments| January 16, 2019


Canada’s main stock index closed in the green for its ninth-straight session on Wednesday, with financial sector gains leading the way, spilling over from Wall Street, where strong earnings reports from Goldman Sachs and Bank of America released strong earnings reports signaling growth. U.S. markets remained buoyed in the green as the U.S. government remained partially shut down for a record 26th day. Another small step was made in Washington’s ongoing trade dispute with Beijing, as the People’s Bank of China is set to inject $38 billion worth of stimulus into its financial system. U.K. markets trembled as parliament voted no confidence in Prime Minister Theresa May’s government, a rejection of the British leader’s proposed Brexit deal, casting doubt on the country’s planned departure from the European Union.
 
 
The S&P/TSX Composite Index was up 64.98 points to 15,111.26, the TSX Venture Exchange was down 0.20 of a point to 598.04.
 
The Canadian dollar was up $0.0002, remaining at 75 cents.
 
Crude oil prices were up $0.30 to $52.41.
 
The price of gold was up $3.53 to $1,292.87.
 
In U.S. markets; the Dow climbed 141.57 points to 24,207.16, the S&P 500 gained 5.80 points to 2,616.10, and the NASDAQ rose 10.86 points to 7,034.69.
 
In world markets; the Nikkei sunk 111.92 points to 20,442.75, the Hang Seng added 72.00 points to 26,902.10, the FTSE lost 32.19 points to 6,862.68, and the DAX added 39.59 points to 10,931.24.




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