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@ the Bell: TSX hits near-month high

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| May 7, 2024

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Canada’s main stock index rose near highs not seen in a month, but a split between indices capped gains. The TSX reached 22,347.39 during trading as mining and energy were the only sectors to close higher on Tuesday. Investors now look to top corporate earnings this week from the likes of Shopify, Manulife Financial and Suncor Energy.

U.S. markets also saw a divide as some stocks climbed as Treasury yields declined. Treasury prices moved in opposite directions from yields and prices for the 10-year Treasury jumped, lowering yields to 4.44 per cent from Monday’s 4.49 per cent.

TSX 22,290.62 +31.15 Click to enlarge
TSXV 593.24 +3.14 Click to enlarge
CSE 185.70 -2.41 Click to enlarge
DJIA 38,884.26 +31.99 Click to enlarge
NASDAQ 16,332.56 -16.69 Click to enlarge
S&P 500 5,187.70 +6.96 Click to enlarge

The Canadian dollar traded for 72.85 cents compared with 73.09 cents U.S. on Monday.

U.S. crude futures traded $0.08 higher at $78.56 a barrel, but the Brent contract lost $0.04 to $83.29 a barrel.

The price of gold was down US$11.96 to US$2,314.29.

In world markets, the Nikkei was up 599.03 points to 38,835.10, the Hang Seng was down 98.93 points to 18,479.37, the FTSE was up 100.18 points to 8,313.67, and the DAX was up 254.84 points to 18,430.05.


The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.




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