Markets continue to sail upwards before the holidays
New York markets marched to new highs Thursday with investors feeling confident about the American economy and world trade situation. Further, markets were showing no concern over Trump’s impeachment, which passed the U.S. House the day before, but is expected to be blocked by Republicans who dominate the Senate. The Nasdaq rallied as much as 0.67% to close at 8,887, led by tech gains such as Netflix, up 3.56% and Facebook gaining 1.76%.
The TSX also posted a fine day, staying above 17,000 and nudging up slightly. SNC-Lavalin continues its bounce back, rallying 6.31%, after it resolved several charges of fraud in its Libya scandal that once threatened to topple the federal Liberal government.
Meanwhile, Rogers climbed 3.4%, as did oil stocks such as Crescent Point, spiking 5.35% on rising oil prices. Smaller-cap food and now cannabis producer, Village Farms International shot up 7.49%, and turnaround story, BlackBerry rose 3.11% ahead of earnings to be reported Friday morning. In complete contrast to the meltdown last year this time, markets are melting up to close the year as investors feel good about the near future.
📺 Netflix Inc. +3.56%
🕵️♂️ Facebook +1.76%
🏗 SNC-Lavalin Group Inc. +6.31%
📱 Rogers Communications +3.40%
🛢 Crescent Point Energy Corp +5.35%
🌱 Village Farms International, Inc. +7.49
📱 BlackBerry +3.11%