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@ the Bell: TSX continues forward march to new record high

Market News, Sponsored
12 November 2024 16:17 (EST)
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(Stock image generated with AI.)

The TSX hit a record high on Tuesday, led by tech gains in tech. The materials sector led the losers as gold and copper prices fell to a two-month low in the face of a weaker dollar. The energy market also dropped as oil prices moved lower while traders await an incoming report from OPEC.

The post-election rally that brought the major American indices to all-time highs took a wide step back as Wall Street stocks logged steep declines.

TSX24,923.01+133.73
TSXV597.70-3.69
CSE141.66+9.32
DJIA43,910.98-382.15
NASDAQ19,281.40-17.36
S&P 5005,986.68-14.67

The Canadian dollar traded for 71.72 cents US compared to 71.79 cents US on Monday.

US crude futures traded $0.03 lower at US$68.01 a barrel, and the Brent contract lost $0.03 to US$71.80 a barrel.

The price of gold was down US$10.61 to US$2,600.63.

In world markets, the Nikkei was down 157.23 points to 39,376.09, the Hang Seng was down 580.05 points to 19,846.88, the FTSE was down 104.12 points to 8,021.07, and the DAX was down 401.04 points to 19,047.56.


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