05:38:51 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Globe/wire say TSX declines, but stays above 24,000

2024-10-03 08:36 ET - In the News

The Globe and Mail reports in its Thursday edition that the S&P 500 ended little changed on Wednesday, with technology shares gaining but investors nervous about Middle East tensions and more U.S. labour data due this week. A Reuters dispatch to The Globe says Toronto closed slightly lower, weighed by declines for industrials and heavily weighted financials. Investors monitored Mideast news after Israel and the U.S. vowed to strike back following Iran's attack on Israel on Tuesday. U.S. President Joe Biden said on Wednesday he would not support any Israeli strike on Iran's nuclear sites in response to its missile attack and urged Israel to act "proportionally." Data released early on Wednesday showed U.S. private payrolls increased more than expected in September, further evidence that the labour market is not deteriorating. Investors remained focused on September non-farm payrolls data due on Friday, while U.S. jobless claims data are due Thursday. The S&P/TSX Composite Index ended down 32.44 points at 24,001.55, after touching a record high of 24,113.27 earlier in the day. Financials fell 0.3 per cent, while energy added 0.2 per cent as the price of oil settled 0.4 per cent higher at $70.10 (U.S.) a barrel.

© 2024 Canjex Publishing Ltd. All rights reserved.