It was a strong day Thursday for stock markets throughout North America, as central banks hinted at more interest rate decreases.
The TSX Composite Index barreled ahead 131.87 points to close Thursday at 29,453.43.
The Canadian dollar declined 0.14 cents to 72.48 cents U.S.
Endeavour Silver Corp dropped 24 cents, to $50.64, while Seabridge Gold lost 11 cents to $26.39. Orla Mining sinking 50 cents, or 3.2%, to $15.26, and G Mining was down 30 cents, or 1.2%, to $23.99.
Electronic equipment company Celestica added $6.48, or 1.9%, to $347.29, while heavyweight Shopify grabbed $6.17, or 3%, to $209.74, and Blackberry was up 65 cents to $176.85.
ON BAYSTREET
The TSX Venture Exchange recovered 4.38 points to 879.51.
All but three of the 12 subgroups were in plus territory, led by information technology, up 1.5%, financials, better by 0.7%, and utilities, up 0.5%
The three laggards were by telecoms, down 1.7%, real-estate, off 0.4%, and industrials, down 0.01%.
ON WALLSTREET
Stocks rose to record highs on Thursday, with smaller equities seeing the biggest boost, as the Federal Reserve signalling this week it was embarking on an easing rate path reinvigorated investors and raised hopes for a ratcheting up of an economic growth.
The Dow Jones Industrials surged 130 points to end Thursday at 46,148.32
The S&P 500 index acquired 31.6 points to 6,631.95.
The tech-heavy NASDAQ flew 209.4 points to 22,470.73
Each of the major U.S. indexes notched a fresh all-time intraday high after a tepid reaction in the wake of the Fed’s rate cut Wednesday afternoon. The S&P 500 finished the day lower Wednesday.
Shares of some major tech companies were part of Thursday’s rally as well. Intel shares rallied about 26% after Nvidia said it will invest $5 billion in the chipmaker to co-develop data center and PC chips. Shares of Nvidia jumped more than 3%.
Thursday’s gains put the major benchmarks on track for solid weekly gains. The S&P 500 is up 0.9% for the week, on pace for its sixth weekly gain in the last seven.
Prices for 10-year Treasury lost ground Thursday, pushing yields up to 4.12% from Wednesday’s 4.07%. Treasury prices and yields move in opposite directions.
Oil prices fell 38 cents to $63.67 U.S. a barrel.
Gold prices dropped $39.80 to $3,678.00 U.S. an ounce.
