Fund Library News Wire
| Friday, February 10, 2017
By Mike Keerma
The major North American stock indices posted strong advances on the week,
closing at record highs on Friday, following Thursday’s announcement from
U.S. President Donald Trump about forthcoming tax reforms, which may give a
boost to corporate earnings. Subsequent gains in the financial sector gave
a boost to the main indices, which closed the week at record highs. The
S&P 500 Composite Index
advanced 0.8% on the week, while the
Nasdaq Composite Index
gained 1.2%, as markets maintained the momentum spurred by
better-than-expected quarterly earnings reports. Toronto’s
S&P/TSX Composite Index
also closed at a record high, against a backdrop of firm
prices and a strong jobs report from Statistics Canada, showing 48,000
additional positions created in January.
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Market Activity page
regularly for active updates on key market indexes and commodities.
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