Market Herald logo


Be the first with the news that moves the market

It was another day in the red for Canada’s main stock index Friday, as job data raised concerns about an economic slowdown and higher inflation. While most sectors were lower, energy and tech provided some gains.

The S&P 500 continued its upward climb, reaching the 4,300 benchmark for the first time since August 2022. Its rally in the previous session closed the day in a bull market and ended the bear market that began in January of last year, achieving 20 per cent growth since its low in October 2022. Traders now anticipate the latest inflation data next week, along with the Federal Reserve’s upcoming policy announcement.

DJIA33,876.78+43.17 DJIA
S&P 5004,299.81+5.88S&P 500

The Canadian dollar traded for 74.92 cents U.S., compared to 74.83 cents U.S. on Thursday.

U.S. crude futures traded $1.01 lower at $70.28 a barrel, and the Brent contract lost $1.10 to $74.86 a barrel.

The price of gold was down US$5.09 to US$1,960.34.

In world markets, the Nikkei was up 623.90 points to 32,265.17, the Hang Seng was up 90.77 points to 19,389.95, the FTSE was down 37.38 points to 7,562.36, and the DAX was down 40.12 points to 15,949.84.

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

More From The Market Herald

@ the Bell: Q4 off to a rough start for the TSX

The final quarter of 2023 began on a dim note for Canada’s main stock index, which continued its decline on Monday.

Aritzia Inc. stock jumps after it reports Q2 2024 results

Aritzia Inc. (TSX:ATZ) stock jumped early Friday after the Canada-based fashion design house reported second quarter results for fiscal 2024.

A small-cap fintech company is gearing up for global domination

Fintech is one of the fastest-growing sectors and Fintech Select (TSXV:FTEC) is poised to exert a substantial influence in this domain.  

An undervalued Canadian mining company hiding in plain sight

The best returns among Canadian mining companies are earned by building conviction when market sentiment is low, such as the present moment.