21:43:51 EDT Thu 16 May 2024
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Globe/wire say TSX ends flat, as all the fun is in U.S.

2024-01-25 09:20 ET - In the News

The Globe and Mail reports in its Thursday edition that the S&P 500 climbed to its fourth straight record high close on Wednesday, as Netflix surged following blowout quarterly results and a strong report from manufacturing equipment maker ASML Holding fuelled gains in chipmakers. A Reuters dispatch to The Globe says that Canada's main stock index edged lower. Microsoft hit an all-time high, lifting its market value above $3-trillion (U.S.) for the first time. The Nasdaq composite touched its highest since January, 2022. Netflix jumped 10.7 per cent to a two-year high after strong subscriber growth cemented investor confidence amid its password-sharing crackdown. Against the happy-tech trend, Tesla shares were down more than 2 per cent in the postmarket after the carmaker reported its latest quarter, missing fourth-quarter revenue estimates and warning of lower volume growth this year. The S&P/TSX Composite Index fell 8.81 points to 21,025.78. The materials group lost 1.1 per cent as data showing strong U.S. business activity sparked gains in the greenback, weighing on the price of gold, with the precious metal falling 0.8 per cent. BlackBerry tumbled 17.9 per cent to hit a near four-year low.

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