TSX and Nasdaq grind to more record highs
Despite disappointing American employment numbers on Friday, the Nasdaq rose 0.21% to 15,363 and the TSX–lifted by a 1% rise in the price of gold to $1,831 an ounce–advanced 0.13% to 20,821. Both indices made yet more record highs to end a week dotted with record closes on both sides of the border. The S&P was flat to end the week while the Dow slipped 0.21%, though both indices hovered near their own all-time highs.
In Toronto, several gold names led gains, such as Barrick by 2%, B2Gold up 4.17% and Kinross at 2.51%. In other commodities, Interfor jumped 5.46%, though Suncor retreated 1% as the prices of WCS and WTI also slipped by 1%. After the battle over Kansas City Southern raged this week, CN closed the Friday session up 1.92%.
Over on Wall Street, gains and losses were unsurprisingly muted on this last trading session before the long weekend and the unofficial end of summer trading. Movers included Nvidia up 2%, Carnival down 4.41% to reflect continuing unease about the Delta variant, Moderna jumping 4.79% also reacting to Covid, and Occidental Petroleum which sank 2.48%. Bitcoin ground over 2% higher to return to $50,000. Markets will be closed Monday for Labour Day. Have a safe, fun weekend, Stockchasers!
🥇 Barrick Gold +2%
🥇 B2Gold Corp. +4.17%
🥇 Kinross Gold +2.51%
🌲 Interfor Corp +5.46%
🛢 Suncor Energy Inc -1%
🚂 Canadian National R.R. +1.92%
🧬 Nvidia Corp +2%
🚢 Carnival Corp. -4.41%
💉 Moderna +4.79%
🛢 Occidental Petroleum Corp -2.48%
🅱 The Bitcoin Fund +2%