Canada’s benchmark stock index closed higher for the fifth straight session to its highest level in three weeks on Thursday. Supported by gains in led by mining stocks with energy not far behind, investor concerns about a global banking crisis also appear to have eased. The health care sector was the only laggard.

US stocks also rose, building on gains from the previous session, as investors bet the regional banking crisis has stabilized with shares in that segment on the rise.  Weekly jobless claims increased by 7,000 to 198,000, adding to hopes that the Federal Reserve could tone down its tightening campaign.

Today in the Markets

TSX 19,940.99 +103.34 TSX
TSXV 630.01 +6.40 TSXV
CSE 170.74 -1.46 TSXV
DJIA 32,859.03 +141.43 DJIA
NASDAQ 12,013.47 +87.23 NASDAQ
S&P 500 4,048.50 +20.69 S&P 500

The Canadian dollar traded for 73.94 cents US, compared to 73.71 cents US on Wednesday.

US crude futures traded $1.35 higher at $74.32 a barrel, and the Brent contract added $0.90 to $79.18 a barrel.

The price of gold was up US$18.60 to US$1,981.84.

In world markets, the Nikkei was down 100.85 points to 27,782.93, the Hang Seng was up 116.73 points to 20,309.13, the FTSE was up 56.15 points to 7,620.43, and the DAX was up 193.62 points to 15,522.40.


Get @ the Bell delivered to your email inbox every day!

Sign Up Here


DISCLAIMER: By viewing any material on or distributed by The Market Herald Publishing Ltd. and its Information Providers you agree to both the following disclaimer, and the full disclaimer that can be viewed here.
Any holdings, theories, speculation or trades appearing anywhere on The Market Herald network of websites should not be relied upon for purposes of transacting securities or other investments, nor should they be construed as an offer or solicitation of an offer to sell or buy any security. This applies to any material regardless of source, placement, presentation or reproduction. Any Information Providers to The Market Herald or employees of The Market Herald may from time to time have positions in the stocks or other entities mentioned anywhere on The Market Herald Network of websites. You bear responsibility for your own investment research and decisions and should seek the advice of a qualified securities professional before making any investment. The Market Herald and its contributors makes no guarantee as to the validity of any information, speculation, theories or research presented herein whether pertaining to the past, present or future. The Service and The Materials are provided by The Market Herald and other Information Providers on an “as is” basis, and The Market Herald and other Information Providers expressly disclaim any and all warranties, express or implied, including, without limitation, warranties of satisfactory quality and fitness for a particular purpose, with respect to the service or any materials and products. In no event shall The Market Herald and other Information Providers be liable for any direct, indirect, incidental, punitive, or consequential damages of any kind whatsoever with respect to The Service, The Materials, and The Products.
More From The Market Online

Mullen Group: Navigates market challenges towards success

Mullen Group Ltd. (TSX:MTL), a prominent player in Canada’s logistics landscape, has recently released its Q1 2024 results.

@ the Bell: TSX gains on latest economic report

Mining stocks led gainers on the TSX, followed by the financial sector, while the telecom market was the biggest decliner.

The Market Online’s Weekly Cannabis Report – May 24, 2024

A global cannabis stock intends to raise up to US$250 million through an at-the-market equity program to fund its U.S. expansion plan.

@ the Bell: Tech growth powers NASDAQ to new high

The tech market was a key to success south of the border for the NASDAQ, which achieved a new record high on Thursday.