By Mike Keerma
The major North American stock indices posted respectable gains on the
week, as underlying economic fundamentals remained strong, and hopes
remained high for a strong second-quarter earnings season. Despite
continuing trade tensions fueled by U.S. President Donald Trump’s outbursts
this week in the U.K., soaring technology issues propelled the
Nasdaq Composite Index
to a record high, with a 1.8% advance on the week overall. Those same
technology gains helped push the Dow Jones Industrial Average back above
the 25,000 mark for the first time in more than a month and lifted the
S&P 500 Composite Index
over the 2,800 mark for the first time since February, giving the blue-chip
index a 1.5% gain on the week. Toronto’s benchmark
S&P/TSX Composite Index
ended just about flat on the day at Friday’s close, weighed down by sliding
bank stocks, but the index still managed a 1.2% advance for the week
lost 4.4% on the week (and is now down 16.8% year to date), while
was down 1.1% on the week.
Check Fund Library’s
Market Activity page
regularly for active updates on key market indexes and commodities.
– Follow Fund Library on Twitter for daily
information and updates.
© 2018 by Fund Library. All rights reserved. Reproduction in whole or in
part by any means without prior written permission is prohibited.
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.