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TSX Snaps 5-day Losing Streak, Ends On Firm Note

RTTNews | 413 dias atrás

TSX Snaps 5-day Losing Streak, Ends On Firm Note

(RTTNews) - After five successive days of losses, the Canadian market closed on a firm note on Monday thanks to strong gains in consumer discretionary, consumer staples, healthcare and financials sectors.

Several stocks from technology and industrials sectors also closed notably higher. Energy stocks fell as oil prices tumbled.

The benchmark S&P/TSX Composite Index ended up by 101.99 points or 0.42% at 24,565.66. The index touched a low of 24,406.42 and a high of 24,598.96.

Consumer staples stocks Alimentation Couche-Tard (ATD.TO) and Loblaw (L.TO) gained 3.86% and 1.72%, respectively. George Weston (WN.TO) climbed 1.2%.

In the consumer discretionary sector, Magna International (MG.TO) and Spin Master (TOY.TO) climbed about 2.3% and 2.2%, respectively. Brp Inc (DOO.TO) gained nearly 2%, and Dollarama Inc (DOL.TO) ended higher by 1.41%.

Healthcare stocks Bausch Health Companies (BHC.TO) climbed nearly 2%, and Tilray Inc (TLRY.TO) ended higher by about 1.7%.

Bitfarms (BITF.TO) soared 12.8%, topping the list of gainers in the Information Technology Capped Index. Sylogist (SYZ.TO) gained nearly 6% and Sangoma Technologies (STC.TO) ended with a gain of 3%. Open Text Corp (OTEX.TO), Descartes Systems Group (DSG.TO), Celestica Inc (CLS.TO) and Shopify Inc (SHOP.TO) gained 1 to 1.5%.

Igm Financial (IGM.TO), Brookfield Corporation (BN.TO), Open Text Corp (OTEX.TO), Brookfield Asset Management (BAM.TO), CI Financial Corp (CIX.TO) and Manulife Financial (MFC.TO) gained 1.4 to 2.6%.

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U.S. Homebuilder Confidence Inches Up In Line With Estimates In December

U.S. Homebuilder Confidence Inches Up In Line With Estimates In December

The National Association of Home Builders released a report on Monday showing a modest improvement by U.S. homebuilder confidence in the month of December. The report said the NAHB/Wells Fargo Housing Market Index crept up to 39 in December after inching up to 38 in November. The uptick, which matched economist estimates, lifted the index to its highest level since hitting 40 in April.

RTTNews | 3 h 7 min atrás

New York Manufacturing Index Unexpectedly Turns Negative In December

New York Manufacturing Index Unexpectedly Turns Negative In December

A report released by the Federal Reserve Bank of New York on Monday showed an unexpected downturn by regional manufacturing activity in the month of December. The New York Fed said its general business conditions index plunged to a negative 3.9 in December from a positive 18.7 in November, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 10.6

RTTNews | 4 h 4 min atrás

FTSE 100 Records Strong Rally

FTSE 100 Records Strong Rally

Amidst strong expectations of a rate cut by Bank of England, the FTSE 100 benchmark of the London Stock Exchange rebounded on Monday, more than recouping Friday's losses.

RTTNews | 4 h 5 min atrás

CAC 40 Records Emphatic Rebound

CAC 40 Records Emphatic Rebound

The CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris bounced back from modest losses on Friday.

RTTNews | 4 h 44 min atrás

New York Manufacturing Index Plunges Much More Than Expected In December

New York Manufacturing Index Plunges Much More Than Expected In December

A report released by the Federal Reserve Bank of New York on Monday showed an unexpected downturn by regional manufacturing activity in the month of December.

RTTNews | 5 h 1 min atrás

Dollar Drops After Fed's Not-so-hawkish Cut

Dollar Drops After Fed's Not-so-hawkish Cut

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies declined during the week ended December 12 amidst a widely expected rate cut and forward guidance by the Federal Reserve.

RTTNews | 5 h 19 min atrás

DAX Rebounds After Friday's Decline

DAX Rebounds After Friday's Decline

Sentiment reversed on Monday for the DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange.

RTTNews | 6 h 47 min atrás

Yen Rises Amid BoJ Rate Hike Bets

Yen Rises Amid BoJ Rate Hike Bets

The Japanese yen strengthened against other major currencies in the European session on Monday, as traders speculate that the Bank of Japan or the BoJ is likely to raise its interest rate in the policy meeting held this week.

RTTNews | 6 h 58 min atrás

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