11/10/2023 0 Comments First majestic stocks![]() Meanwhile, Ford slid more than 2% as the United Auto Workers strike continued. Goldman Sachs and Morgan Stanley both gave optimistic outlooks for new iPhone demand. The NASDAQ index inched up 1.9 points to 13,710.24.Īpple climbed around 1.7%. The Dow Jones Industrials fought its way into the plus column 6.06 points to finish at 34,624.30. Stocks closed near the flat line Monday afternoon as investors geared up for the Federal Reserve meeting scheduled for later in the week. Only gold and communications cleared breakeven, and less than 0.1% each at that. The TSX Venture Exchange squeezed ahead 0.31 points to 591.09.Īll but two of the 12 TSX subgroups remained negative by day's end, weighed most by health-care, down 3.9%, while information technology pointed downward 2%, and materials lost 0.7%. Housing starts in Canada fell by 1% over a month earlier to 252,787 units in August 2023, above market expectations of 247,100 units, according to the Canada Mortgage and Housing Corporation. The agency's Raw Materials Price Index increased 3.0% on a monthly basis in August and posted a 4.3% year-over-year decline. On the economic schedule, Statistics Canada said its Industrial Product Price Index rose 1.3% month over month in August and fell 0.5% year over year. In communications, Quebecor heightened 15 cents to $29.93, while Cogeco Communications grabbed 25 cents to $62.84. Gold moved slightly higher, with Seabridge Gold surging 91 cents, or 6%, to $16.00, while Torex Gold acquired 20 cents, or 1.4%, to $14.69. ![]() In resource stocks, First Majestic Silver falling 30 cents, or 3.8%, to $7.58, while MAG Silver was off 62 cents, or 3.8%, to $7.58. Tech stocks were also bruised, with Shopify slumped $4.59, or 5.5%, to $80.24, while Alithya handed over 10 cents, or 3.9%, to $2.49. Health-care stocks took the most punishment, with Tilray being flattened 58 cents, or 14.5%, to $3.43, while Bausch Health Companies dumped 22 cents, or 1.9%, to $11.30. ![]() The Canadian dollar gained 0.18 cents at 74.13 cents U.S. The TSX Composite Index dumped 129.51 points to conclude Monday at 20,492.83, off its lows of the afternoon. Treasury yields edged up, while investors keenly await inflation data this week that could offer more insight into the Bank of Canada's outlook for interest rates. Toronto stocks faltered on Monday hurt by rate-sensitive technology shares as U.S.
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