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@ the Bell: What goes up, must come down

Jonathon Brown Jonathon Brown, The Market Online
0 Comments| July 17, 2024

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A day after the TSX closed at a record high, equities in Toronto moved lower on Wednesday led by losses in the technology sector rout. The heavyweight mining, energy, financial and industrial markets also fell. Minor gains in the telecom space helped to limit some losses.

On Wall Street, the rotation out of high-flying technology shares continues, causing the Nasdaq and S&P 500 to dip, while the Dow reached another intraday high.

TSX 22,851.17 -144.22 Click to enlarge
TSXV 588.17 -10.97 Click to enlarge
CSE 171.74 +0.80 Click to enlarge
DJIA 41,198.08 +243.60 Click to enlarge
NASDAQ 17,996.92 -512.41 Click to enlarge
S&P 500 5,595.98 -71.22 Click to enlarge

The Canadian dollar traded for 73.05 cents U.S. compared with 73.12 cents U.S. on Tuesday.

U.S. crude futures traded $2.12 higher at $82.88 a barrel, and the Brent contract rose $1.32 to $85.05 a barrel.

The price of gold was down US$10.94 to US$2,457.70.

In world markets, the Nikkei was down 177.39 points to 41,097.69, the Hang Seng was up 11.43 points to 17,739.41, the FTSE was up 27.59 points to 8,192.49, and the DAX was down 80.73 points to 18,437.30.

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.

(Top image: File)




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