Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

@ the Bell: TSX stumbles to start the week

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

{{labelSign}}  Favorites
{{errorMessage}}

Canada’s main stock index endured a steep decline on Monday, thanks to a downturn in tech and financial stocks. Most investors stayed cautious, awaiting upcoming economic data from Canada and the United States later in the week. While the utilities sector saw the biggest drop on the TSX, energy was the top performer.

Wall Street also could not keep the momentum from Friday’s rally alive as U.S. indices essentially wiped out gains made before the weekend. Traders await key economic releases to watch this week, including the Federal Reserve meeting minutes on Wednesday and the consumer price index report on Thursday.

TSX 24,102.71 -60.12 Click to enlarge
TSXV 592.25 -3.01 Click to enlarge
CSE 159.09 -2.83 Click to enlarge
DJIA 41,954.24 -398.51 Click to enlarge
NASDAQ 17,923.90 -213.94 Click to enlarge
S&P 500 5,701.48 -49.59 Click to enlarge

The Canadian dollar traded for 73.36 cents U.S. compared with 73.67 cents U.S. on Friday.

U.S. crude futures traded $2.92 higher at $77.30 a barrel, and the Brent contract rose $3.04 to $81.09 a barrel.

The price of gold was down US$2.92 to US$2,647.82. In world markets, the Nikkei was up 697.12 points to 39,332.74, the Hang Seng was up 362.91 points to 23,099.78, the FTSE was up 22.99 points to 8,303.62, and the DAX was down 26.57 points to 19,094.36.


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 generated with AI)




{{labelSign}}  Favorites
{{errorMessage}}