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@ the Bell: Recession forecasts fluctuate stocks

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03 January 2023 16:30 (EDT)

Canadian markets saw a fair balance of mixed trends. While the CSE and TSX Venture Exchange saw a slump today, the TSX kept afloat, with most major indices closing in the green.

Down south in the U.S., things were less stable, with markets closing in the red and fears of an imminent recession still influencing investors.

Tesla continues to be the talk of the town with weaker than expected sales resulting in another daily stock plunge, and down 65 per cent for all of 2022.

Today in the Markets

TSX 19,443.77 +58.85
TSXV 567.17 -3.10
CSE 193.55 -3.18
DJIA 33,136.37 -10.88
NASDAQ 10,386.98 -79.50
S&P 500 3,824.14 -15.36

The Canadian dollar traded for 73.16 cents US, compared to 73.85 cents US on Friday.

US crude futures traded $3.21 lower at $77.21 a barrel, and the Brent contract went down $3.52 to $82.39 a barrel.

The price of gold was up US$14.98 to US$1,838.55.

In world markets, the Nikkei was up 0.83 points to 26,094.50, the Hang Seng was up 363.88 points to 20,145.29, the FTSE was up 102.35 points to 7,554.09, and the DAX was up 112.41 points to 14,181.67.

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