TSX Ends On Firm Note

RTTNews | Před 509 dny

(RTTNews) - The Canadian market ended on a firm note on Friday on easing concerns about the outlook for Fed interest rates after data showed a slowdown in U.S. employment growth.

Utilities, technology, communications and real estate stocks were among the prominent gainers. Several stocks from materials, healthcare, industrials and financials sectors too ended notably higher. Shares from energy and consumer sections ended mixed.

The benchmark S&P/TSX Composite Index, which climbed to 21,983.45, ended the day's session with a gain of 124.19 points or 0.57% at 21,947.41. The index posted a marginal loss for the week.

On the Canadian economic front, the S&P Global Canada Services PMI reading came in at 49.3 for April, up from March's 46.4, marking the highest level since June, but still indicating a contraction.

Shopify Inc (SHOP.TO), Colliers International (CIGI.TO), Constellation Software (CSU.TO) and Restaurant Brands International (QSR.TO) gained 2 to 3.5%.

Royal Bank of Canada (RY.TO), Franco-Nevada Corporation (FNV.TO), CGI Inc (GIB.A.TO), TFI International (TFII.TO), Canadian National Railway (CNR.TO), Fairfax Financial Holdings (FFH.TO) and Thomson Reuters (TRI.TO) advanced 1 to 2%.

TC Energy Corp (TRP.TO) gained more than 3%. The company reported first-quarter net income of $1.2 billion or $1.16 per common share compared to $1.3 billion or $1.29 per common share in first quarter 2023.

TransAlta Corporation (TA.TO) surged 4.7%. The company reported net earnings of $222 million for the first quarter of 2024, compared to $294 million for the same period in 2023.

Open Text Corporation (OTEX.TO) tanked 14.8%, extending losses after a more than 18% dip on the previous session.

Stella-Jones Inc (SJ.TO) plunged more than 9%. Toronto-Dominion Bank (TD.TO) dropped nearly 6%.

Magna International (MG.TO), Parklans Corporation (PKI.TO), Russel Metals (RUS.TO), Altus Group (AIF.TO), Morguard Corporation (MRC.TO), Tecsys Inc (TCS.TO) and GFL Environmental (GFL.TO) ended lower by 2 to 3.5%.

Data from the Labor Department showed non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised 315,000 jobs in March. Economists had expected employment to jump by 243,000 jobs compared to the spike of 303,000 jobs originally reported for the previous month.

The report also showed the unemployment rate crept up to 3.9% in April from 3.8% in March. The unemployment rate was expected to remain unchanged.

The annual rate of wage growth slowed to 4% in April from 4.1% in March, while economists had expected the pace of wage growth to dip to 4%.

Sensex, Nifty Marginally Lower In Lackluster Trade

Indian shares were slightly lower in lackluster trade on Thursday amid mixed signals on U.S.-India trade talks and uncertainty about the outlook for U.S. interest rates.

RTTNews | Před 47 minutami

Australian Market Swings To Gains In Mid-market

The Australian market is swinging to gains in mid-market moves on Thursday after alternating across the unchanged line, recouping some of the losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,750 level, with gains in energy stocks and a mixed performance across most other sectors.

RTTNews | Před 2 h 4 min

Asian Markets Track Wall Street Lower

Asian markets are mostly lower in on Thursday, following the negative cues from Wall Street overnight, as traders remain cautious amid lingering uncertainty about the outlook for interest rates as they fretted about sticky US inflation and a slowing US job market. They also reacted to mixed messages from the US Fed officials on interest rates, with Fed Chair Jerome Powell striking a cautious tone.

RTTNews | Před 2 h 28 min

Sensex, Nifty Set For Weak Open

Indian shares look set to open on a sluggish note Thursday, tracking mostly weak cues from global markets and amid mixed signals on U.S.-India trade talks.

RTTNews | Před 2 h 56 min

Lower Open Called For Thai Stock Market

The Thai stock market on Wednesday snapped the five-day losing streak in which it had dropped more than 35 points or 2.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,280-point plateau although it may open in the red again on Thursday.

RTTNews | Před 3 h 29 min

Rally May Stall For Indonesia Stock Market

The Indonesia stock market has moved higher in two straight trading days, advancing more than 85 points or 1.1 percent along the way. Now at a fresh record closing high, the Jakarta Composite Index sits just above the 8,125-point plateau although it's due for profit taking on Thursday.

RTTNews | Před 3 h 59 min

Japanese Market Slightly Lower

The Japanese market is slightly lower in choppy trading on Thursday, reversing some of the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is staying just above the 45,600 level, with weakness in index heavyweights and technology stocks partially offset by gains in automakers, exporters and financial stocks.

RTTNews | Před 3 h 59 min

Hong Kong Shares May Hand Back Wednesday's Gains

The Hong Kong stock market on Wednesday ended the two-day slide in which it had slumped almost 400 points or 1.7 percent. The Hang Seng Index now sits just beneath the 26,520-point plateau although it's expected to open to the downside on Thursday.

RTTNews | Před 4 h 14 min

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