Canada's main stock index was muted on Thursday as investors weighed corporate earnings and stalled U.S.-Iran peace talks, while U.S. PPI data came in softer-than-expected.
The TSX eked up 2.62 points to begin Thursday at 36,664.76.
The Canadian dollar sank 0.04 cents at 71.70 cents U.S.
Stantec late on Wednesday beat second-quarter adjusted profit estimates driven by acquisition growth, while CCL Industries topped second-quarter sales estimates.
CCL shares grabbed 31 cents to $91.89.
Pan American Silver missed quarterly adjusted profit estimates on lower gold output. PanAm dumped $6.55, or 9.1%, to $66.94.
Iran and the United States reportedly remained at loggerheads amid efforts to negotiate a permanent end to the Middle East conflict.
ON BAYSTREET
The TSX Venture Exchange withered 0.58 points to 975.29.
Eight of the 12 TSX subgroups were positive, with health-care surging 1.5%, while consumer staples and information technology each took on 0.9%.
The four laggards were weighed most by gold, down 1.6%, materials, flailing 1.4%, and consumer discretionary, off 0.6%.
ON WALLSTREET
The S&P 500 rose on Thursday as oil prices declined and traders digested more inflation data as well as a slew of fresh earnings reports.
The Dow Jones Industrials recovered 237.01 points to start Thursday at 54,007.28.
The much-broader index advanced 61.34 points to 7,809.84
The NASDAQ Composite leaped 254.35 points, or 1%, to 26,842.84, boosted by gains in Meta Platforms, Microsoft and Netflix.
Cisco Systems was a key laggard of the day, falling 9% after the company’s latest quarterly results failed to impress investors. Cerebras and Coherent also moved lower after their earnings updates, with the former plummeting 13% and the latter dropping 3%.
Prices for the 10-year Treasury popped, making yields plunge to 4.61% from Wednesday’s 4.69%. Treasury prices and yields move in opposite directions.
Oil prices weakened $3.08 to $80.19 U.S. a barrel.
Gold prices dwindled $42.40 to $4,425.10 U.S. an ounce.
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