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Stocks Down to Begin Short Week
The TSX Composite Index surpassed Thursday’s all-time high by 168.91 points to close Friday at 24,471.17. The index was set for its fifth consecutive weekly rise. On the week, the index gained 308 points, or 1.28%.
December futures were down 0.3% Tuesday.
Markets in Canada were closed Monday for the Thanksgiving holiday.
The Canadian dollar was down 0.06 cents to 72.39 cents U.S.
In corporate news, brokerage CIBC downgraded technology firm VerticalScope Holdings to neutral from outperformer.
On the economic slate, Statistics Canada said the consumer price index rose 1.6% on a year-over-year basis in September, down from a 2.0% increase in August. On a seasonally adjusted monthly basis, the CPI was unchanged at 0.0% in September.
The agency went on to report wholesale trade (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) fell 0.6% to $81.9 billion in August.
ON BAYSTREET
The TSX Venture Exchange advanced 9.62 points, or 1.6%, to 605.43 Friday, for a weekly gain of 10.1 points, or 1.7%.
ON WALLSTREET
Stock futures were little changed Tuesday after the Dow Jones Industrial Average closed at a record, while traders sifted through the latest earnings reports.
Futures for the Dow Jones Industrials gained 15 points to 42,761.
Futures for the S&P 500 slid 5.25 points, or 0.1% to 5,823.75.
Futures for the NASDAQ Composite Index shed 61.75 points, or 0.3%, to 20,368.
UnitedHealth shares were down despite the company posting an earnings and revenue beat. Bank of America ticked higher on better-than-expected results. Johnson & Johnson shares also advanced slightly after an earnings beat.
Those moves come after a winning day on Wall Street that propelled the S&P 500 and Dow to new intraday highs and record closes. Notably, the Dow added more than 200 points to finish above the 43,000 mark for the first time.
In Japan, the Nikkei 225 gathered 0.8% Tuesday, while in Hong Kong, the Hang Seng collapsed 3.7%.
Oil prices dipped 53 cents to $75.32 U.S. a barrel.
Gold prices jumped $17.60 to $2,656.90
