Technology Toronto hits record close, while U.S. markets also gain ground

09:21  10 july  2018
09:21  10 july  2018 Source:   cbc.ca

Blue Jays crushed by Tigers on Canada Day

  Blue Jays crushed by Tigers on Canada Day Nicholas Castellanos hit a grand slam in the top of the fifth inning as the Detroit Tigers defeated the Toronto Blue Jays 9-1 on Sunday. The Tigers (37-48) snapped a season-high 11-game losing streak, their longest since August 13-23, 2003.

The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered Upbeat economic data also helped the S &P 500 eke out a small gain . But gains in equities were limited by worries about trade discussions.

TORONTO -- A broad-based rally helped Canada's largest stock index to post a triple-digit gain in late-morning trading, while U . S . stock markets also pushed higher. UN report reveals record number of refugees worldwide.

a man sitting in front of a computer screen: Traders work on the floor of the New York Stock Exchange in New York in this July 6 photo. Stocks were up across North America on Monday following positive economic data from Canada and the U.S. last week, market watchers said.© Brendan McDermid/Reuters Traders work on the floor of the New York Stock Exchange in New York in this July 6 photo. Stocks were up across North America on Monday following positive economic data from Canada and the U.S. last week, market watchers said.

The base metals and industrial sectors helped Canada's main stock index close at a record high Monday, while U.S. stock markets also climbed higher as technology companies and banks rose.

Stocks were up across North America following positive economic data from Canada and the U.S. last week, said Craig Fehr, a Canadian markets strategist with Edward Jones in St. Louis.

Yankees overpower Happ in win over Blue Jays

  Yankees overpower Happ in win over Blue Jays Yankees overpower Happ in win over Blue JaysGardner, who homered on the first pitch of the game from Blue Jays starter J.A. Happ, finished 2-for-5 with three RBI as the Yankees (57-29) improved to 8-4 against the Blue Jays this season.

Canada's main stock index set a new intraday record Monday and indices south of the border continued their streak as markets were On Bay Street, the biggest gains came from the health care sector The loonie closed at an average trading price of 77.73 cents US, down 0.19 of a U . S . cent.

NEW YORK, June 5- The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the Upbeat economic data also helped the S &P 500 eke out a small gain . But gains in equities were limited by worries about trade discussions.

"I'd say the real catalyst here is a bit of a distraction from what's been weighing on markets recently, which has been a fear of a budding trade war, and that distraction is coming in the form of some strong and encouraging economic data."

The labour data showed healthy job growth in both countries, while investors are also looking ahead to more positive data coming from the upcoming earnings season, said Fehr.

A potentially more trade-friendly version of Brexit from the British government also lent some help to markets, but was more of an additive to the main economic story closer to home, he said.

The S&P;/TSX composite index closed up 80.56 points at 16,452.34, its highest close on record.

In New York, the Dow Jones industrial average closed up 320.11 points at 24,776.59. The S&P; 500 index ended up 24.35 points at 2,784.17 and the Nasdaq composite index was up 67.81 points at 7,756.20.

Toronto stocks higher, U.S. markets also gain

  Toronto stocks higher, U.S. markets also gain The industrials sector helped lift Canada's main stock index at late-morning, while U.S. stock markets also climbed higher as technology companies and banks rose.  The S&P/TSX composite index was up 48.90 points to 16,420.68, after 90 minutes of trading.

NEW YORK (Reuters) - The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered after Italy' s new prime minister said the government Upbeat economic data also helped the S &P 500 eke out a small gain .

The Nasdaq hit a record closing high for the second day in a row on Tuesday, helped by tech and consumer discretionary shares, while the euro recovered Upbeat economic data also helped the S &P 500 eke out a small gain . But gains in equities were limited by worries about trade discussions.

The U.S. went ahead with $34 billion in tariffs on Chinese goods Friday with China retaliating with its own taxes on U.S. goods, but the move was already factored into markets and there was no further escalation over the weekend, said Fehr.

"I would say it was something that had already largely been baked into the cake."

The Canadian dollar averaged 76.35 cents US, up 0.04 of a US cent. The loonie moved higher last week after the jobs data increased expectations of a rate hike. The Bank of Canada announces its rate decision on July 11.

The August crude contract closed up five cents at $73.85 US per barrel and the August natural gas contract ended down three cents at $2.83 US per mmBTU.

The August gold contract closed up $3.80 at $1,259.60 US an ounce and the September copper contract was up three cents at $2.85 US a pound.

Blue Jays win 13-7, snap Red Sox win streak at 10 games .
Blue Jays win 13-7, snap Red Sox win streak at 10 gamesDwight Smith Jr. also homered for Toronto, which won for the second time in six games. Jake Petricka (1-0) pitched two innings of shutout ball in relief of Ryan Borucki, who lasted just three-plus innings but left with an 8-6 lead.

Source: http://ca.pressfrom.com/news/technology/-82968-toronto-hits-record-close-while-u-s-markets-also-gain-ground/

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