02:13:12 EDT Sat 05 Jul 2025
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Globe/wire say TSX ends flat while Alphabet wows market

2024-10-30 08:04 ET - In the News

The Globe and Mail reports in its Wednesday edition that North American markets were a mixed bag Tuesday with Nasdaq scoring a record closing high and the Dow falling. A Reuters dispatch to The Globe says the S&P/TSX Composite Index ended flat, down 3.11 points, its sixth decline in seven trading days since notching a record closing high. Magnificent Seven member Alphabet reported quarterly revenue and earnings that beat estimates after the close, sending its shares up more than 4 per cent in postmarket trading. It had already gained 1.6 per cent in regular trading. This is the busiest week for S&P 500 earnings in the quarter, with eyes on five of the Magnificent Seven companies that are reporting results. The group's results will be crucial to determining whether Wall Street can sustain the optimism around technology and artificial intelligence that has lifted indexes to record highs this year. Toronto's energy group lost 0.7 per cent as the price of oil settled 0.25 per cent lower at $67.21 (U.S.) a barrel on a report that Israel may seek a diplomatic solution to the war in Lebanon. The materials group helped limit Toronto's decline. It rose 1.5 per cent as the price of gold climbed to a record high.

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