Financials Boost TSX, Wall Street Mixed as US Data Indicates Labour Market
By Ketki Saxena
Investing.com – Canada’s main stock index, the S&P/TSX Composite, tracked the Dow Jones higher today, supported by financials.
The S&P 500 and Nasdaq meanwhile remained subdued, extending a rough start to 2024 as ADP (NASDAQ:ADP) National Employment report, private payrolls and weekly jobless claims indicated robustness in the labour market, leading traders to push back the timeline for rate cuts from the Fed.
Tech stocks were further pressured by Apple (NASDAQ:AAPL), as shares slid to eight week lows following a downgrade from Piper Sandler, coming just days after a ratings cut from Barclays (LON:BARC).
Toronto Stock Market News
Alimentation Couche-Tard Inc. has completed acquisition of certain European retail assets from French oil major TotalEnergies (EPA:TTEF). The acquisition, valued at 3.1 billion euros includes retail assets in Europe, and a controlling interest in its entities in certain European countries.
Superior Plus (TSX:SPB) shares were downgrade by Raymond James to “market perform” from “outperform”.
For upcoming earnings, view our earnings calendar.
Toronto Stocks Moving Markets Today
Top Gainers on the TSX Today:
Parkland (TSX:PKI) Fuel Cameco (TSX:CCO) Bombardier (TSX:BBDb)
Top Losers on the TSX Today:
Seabridge Gold (TSX:SEA) Blackberry (TSX:BB) Superior Plus
For all Canadian Stocks Moving Markets today, view our Canada Markets Page.
In Canadian Economics
Greater Toronto Area home sales surged 21% in December, as per Toronto Regional Real Estate Board, but declined by 12.1% YoY in 2023.
For all Canadian economic releases, view our economic calendar.
All currencies Canadian Dollar unless noted otherwise.
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