Investors sitting at computer screens.
(AI generated stock image)

The TSX has seen residual growth this week under a broad market rally that was ignited after Donald Trump won the presidential election. As of Friday afternoon, however, the index was down slightly by 98.39 points.

Over in the U.S., the Dow Jones and the NASDAQ hit record highs this week, closing Friday on top amidst the Federal Reserve’s decision to reduce borrowing costs, making the week Wall Street’s best all year.

TSX24,845.93+208.48TSX
TSXV613.40+11.29TSXV
CSE147.17+2.45CSE
DJIA43,729.34-0.59DJIA
NASDAQ19,269.46+285.99NASDAQ
S&P 5005,970.52+41.48S&P 500

The Canadian dollar traded for 0.718 cents US compared to 72.14 cents US on Thursday.

U.S. crude futures traded at US$70.38 per barrel, down 2.60 per cent from the previous day, while the Brent contract was down 2.26 per cent to US$73.92 a barrel.

The price of gold was down 20 per cent to US$2,686.00 per ounce.

In world markets, the Nikkei was up 118.96 points to 39,500.37, the Hang Seng was down 1.07 per cent to 20,728.19, the FTSE was down 0.84 per cent to 8,072.39, and the DAX was down 0.76 per cent to 19,215.48.

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

(Top image generated with AI)



More From The Market Online
HIVE Blockchain - Frank Holmes, Executive Chairman.

HIVE boosts Bitcoin production, mines 117 BTC in October

HIVE Digital Technologies (TSXV: HIVE) has reported its October 2024 production results, highlighting it had mined 117 Bitcoin.
People negotiating in a meeting room

Mattr to acquire AmerCable for US$280M

Mattr (TSX:MATR) to acquire U.S.-based AmerCable for US$280 million, expanding its presence in the North American wire and cable sector.