22:16:54 EDT Thu 16 May 2024
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Globe/wire say TSX takes day off, U.S. markets move up

2023-12-27 05:21 ET - In the News

The Globe and Mail reports in its Wednesday edition that stocks notched more gains Tuesday, Dec. 26, as Wall Street kicked off what is expected to be a quiet, holiday-shortened week of trading. A Reuters dispatch to The Globe says that the S&P 500 rose close to its all-time high two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017. The Dow and Nasdaq also moved higher. Trading was relatively light as U.S. markets reopened after the Christmas Day holiday. Still, the latest gains were widespread, with advancers outnumbering decliners by nearly three to one on the New York Stock Exchange. Canadian markets were closed for the Boxing Day holiday. Technology and industrial stocks accounted for a big share of the gains. Intel climbed 5.2 per cent for the biggest gain among S&P 500 stocks. Energy stocks climbed as the price of U.S. crude oil rose 2.7 per cent. Hess Corp. closed 1.4 per cent higher. Strong gains by smaller company stocks also helped lift the market, pushing the Russell 2000 index 1.2 per cent higher. Treasury yields were mixed. The yield on the 10-year Treasury held steady at 3.9 per cent. The Dow gained 159.36 points to 37,545.33.

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