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Market wrap Feb. 3, 2017: Strong U.S. jobs report helps buoy markets
4/24/2018 4:36:16 PM
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By Fund Library News Wire  | Sunday, February 05, 2017


By Mike Keerma

The major North American stock indices ended the week relatively flat, while gaining overall in January and advancing for the year to to date. Both the S&P 500 Composite Index and the Nasdaq Composite Index gained just 0.1% on the week, as a relatively strong U.S. jobs report showed a gain of 227,000 payrolls in January helped the U.S. indices stay in the black. Toronto’s benchmark S&P/TSX Composite advanced 0.5% during Friday’s session, buoyed by strength in the financial sector, but the index still lost -0.6% from the previous Friday’s close. Gold gained 2.5% on the week, while the price of crude oil hovered just above breakeven.

Check Fund Library’s Market Activity page regularly for active updates on key market indexes and commodities.

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The foregoing is for general information purposes only and is the opinion of the writer. No guarantee of investment performance is made or implied. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice.

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