Stock Market Overview
The S&P 500 Index ($SPX) on Friday closed up +0.24%, the Dow Jones Industrials Index ($DOWI) closed up +0.13%, and the Nasdaq 100 Index ($IUXX) closed up +0.87%.
U.S. stock indexes on Friday posted moderate gains, with the S&P 500 at a 2-1/2 week high and the Nasdaq 100 at a 2-3/4 month high. Strength in technology stocks is led the overall market higher Friday, along with a rally in retailer stocks on hopes for strong Black Friday E-commerce sales. Also, carry-over support from a rally in European stocks to a 9-month high on Friday boosted U.S. stock indexes.
Retail stocks on Friday pushed higher on hopes for strong Black Friday E-commerce sales. Etsy gained more than +10% to a record high, GameStop rallied by more than +9%, and Wayfair rose more than +4%.
The Euro Stoxx 50 on Friday rose +0.48% to a 9-month high and provided carry-over support to U.S. stocks. Strength in Eurozone economic data on Friday was supportive of stocks. Eurozo... Read more
STELLARTON, N.S. — Sobeys says it is bringing back pay premiums for staff in locations where COVID-19 lockdowns are in effect.
TORONTO — With global smartphone makers such as Apple, Samsung, LG and others rolling out their first 5G phones this year, many Canadians will be considering an upgrade to the latest tech during the peak selling season between now and Boxing Day.
TORONTO — Canada's main stock index edged lower in early trading, hurt by losses in the technology sector, while U.S. stock markets climbed higher.
MONTREAL — Air Canada pilots have ratified changes to their contract that the airline says will help it grow its cargo business.
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange:
An owner of a restaurant in Michigan’s Thumb Region said Friday that the franchisee has split from its corporate office and changed its name after refusing to stop seating customers as part of state restrictions to slow the spread of the COVID-19 virus.
Monday U.S. Economic Lookahead Chicago Purchasing Managers Index (Nov.) Pending ...