TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week. The S&P/TSX composite index closed up 53.60 points at 25,444.28.
TORONTO — Canada's main stock index rose Friday, helped by strength in industrial stocks, while U.S. markets also posted gains to end the week.In New York, the Dow Jones industrial average was up 426.16 points at 44,296.51. The S&P 500 index was up 20.63 points at 5,969.34, while the Nasdaq composite was up 31.23 points at 19,003.65.
“It just seems like more of the same, that the market’s still in a pretty positive setting coming out of the election,” said Greg Taylor, chief investment officer at Purpose Investments. The Dow outperformed its U.S. peers again Friday, rising one per cent, while the S&P 500 was up 0.35 per cent and the Nasdaq gained just 0.16 per cent.
“We’re certainly seeing the broader market ... starting to do a lot better post the Trump win,” he said, adding it’s “just a nice way to end the year,” which was largely dominated by gains in the major tech names because of artificial intelligence.
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