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@ the Bell: Tech stocks rejuvenate Canadian, U.S. markets

Market News, Sponsored
08 January 2024 16:20 (EDT)
Canada stock market

A fresh week recharged the Toronto Stock Exchange and other major markets Monday after last week’s poor start to the new year. The TSX was up 0.66 per cent despite the energy sector suffering from the impact of Saudi Arabia lowering prices of crude oil. Technology, healthcare and utilities registered the biggest gains in Canadian markets.

In the United States, tech stocks rebounded from a down week to give the markets a big boost, but Boeing’s (NYSE:BA) latest problem with its 737 Max airplanes caused the aerospace company’s stock to plummet 8.03 per cent. Boeing held back its brethren on the Dow Jones Industrial Average, but the index was still up 0.58 per cent. The tech-heavy NASDAQ jumped 2.2 per cent and the S&P 500 was up 1.41 per cent.

TSX21,074.91+137.36
TSXV556.15+4.81
CSE175.51-0.79
DJIA37,683.01+216.90
NASDAQ14,843.77+319.70
S&P 5004,763.54+66.30

The Canadian dollar traded for 74.91 cents U.S. compared to 74.82 cents U.S. on Friday.

U.S. crude futures traded $2.82 lower at $70.99 a barrel, and the Brent contract dropped $2.38 to $76.38 a barrel.

The price of gold was down US$15.90 to US$2,033.90.

In world markets, the Nikkei was closed for Coming of Age Day, the Hang Seng was down 310.88 points to 16,224.45, the FTSE was up 4.58 points to 7,694.19, and the DAX was up 122.26 points to 16,716.47.


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