Stocks in Toronto managed to stay above Thursday’s levels by midday Friday, amid strength by Shopify and Celestica.
The TSX saw its total down from the morning, but still above water 5.55 points observe noon at 30,184.53.
On the week so far, the index has dived 168.54, or 0.6%.
The Canadian dollar shed 0.15 cents to 71.37 cents.
Shopify, scheduled to release quarterly results on November 4, saw its shares settled back 35 cents. or 2% on Friday or $242.60, contributing to a 20% monthly gain.
Meanwhile, Celestica, which recently raised its 2025 revenue forecast, gathered but 28 cents to $476.15.
Energy sector was another bright spot, rising 1% with shares of Baytex Energy gaining 12 cents, or 3.8%, to $3.29, after reporting third quarter results.
Probe Gold shares soared one dollar, or 37.8%, or $3.63, after Mexican precious metals producer Fresnillo announced its acquisition of the Canadian mining company.
ON BAYSTREET
The TSX Venture Exchange dipped 0.41 points to 952.91.
Seven of the 12 subgroups were lower, dragged by gold, dulling 0.6%, while materials lost 0.5%, and utilities shied away 0.4%.
The five gainers were led by health-care sprinting 2.2%, consumer discretionary stocks, increasing 0.6%, and financials, up 0.3%.
ON WALLSTREET
The S&P 500 and NASDAQ Composite rose on Friday as investors digested strong quarterly results from tech giant Amazon.
The Dow Jones Industrials index turned lower 77.17 points Friday to 47,444.95.
The S&P 500 edged up 6.85 points to 829.19
The NASDAQ revived 118.17 points to 23,699.32.
The three leading U.S. stock indexes are on track to close out a winning week and month. The S&P 500 has gained 0.8% so far this week, while the tech-heavy NASDAQ and Dow are up roughly 2.5% and 0.7%, respectively, week to date.
October — which has experienced some of the largest one-day losses in stock market history — has seen the S&P 500 climb more than 2% over the month.
The NASDAQ has jumped about 5%, and the 30-stock Dow is up more than 2% month to date. The Dow is on pace for its sixth positive month in a row for the first time since 2018.
Amazon shares rallied more than 11% after the e-commerce giant said its cloud computing unit’s revenue increased 20% in the third quarter, exceeding Wall Street’s estimates.
The company’s CEO, Andy Jassy, said that AWS is “growing at a pace we haven’t seen since 2022” and that AI and core infrastructure are experiencing “strong” demand.
Helping out the broader market Friday, streaming giant Netflix added more than 3% after the company announced a 10-for-1 stock split.
Electric vehicle maker Tesla was also a winner, with shares seeing a 3% jump.
Stocks are coming off of a lackluster session, as each of the benchmark indexes closed Thursday in the red.
The market was dragged lower by losses in big-name tech stocks Meta Platforms, Microsoft and Nvidia amid investors’ concerns about increasing AI spending. Meta recorded its biggest one-day loss in three years.
Prices for the 10-year Treasury sagged, raising yields to 4.10% from Thursday’s 4.09%. Treasury prices and yields move in opposite directions.
Oil prices inched up five cents to $60.62 U.S. a barrel.
Gold prices brightened $13.80 to $4,029.70 U.S. an ounce.
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