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Stockhouse @ the Bell: Energy & retail move markets higher

Stockhouse Editorial
0 Comments| August 21, 2019

North American stock indexes moved higher on Wednesday, as investors took bets on economic stimulus over a global recession. Strong earnings in the US and a possible mega-merger in Europe breathed life in the global market. The US Federal Reserve escalated the trade war with China. The TSX closed in positive territory thanks to rising oil prices, which pushed the energy sector higher.

The S&P/TSX Composite Index was up 95.92 points to 16,309.23, and the TSX Venture Exchange was down 0.78 of a point to 575.90.

The Canadian dollar traded for an average of 75.30 cents US compared with an average of 75.06 cents US on Tuesday.

Crude oil prices were up $0.22 to $55.91.

The price of gold was down $2.09 to $1,502.51.

In U.S. markets; the Dow jumped 240.29 points to 26,202.73 the S&P 500 rose 23.92 points to 2,924.43 and the NASDAQ grew 71.65 points to 8,020.21.

In world markets; the Nikkei lost 58.48 points to 20,618.57 the Hang Seng climbed 38.56 points to 26,270.04, the FTSE increased 79.85 points to 7,203.97, and the DAX was up 153.64 points to 11,802.85.


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