The S&P 500 Index ($SPX) (SPY) closed unchanged on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.29%. March E-mini S&P futures (ESH26) rose +0.01%, and March E-mini Nasdaq futures (NQH26) rose +0.26%.
Stock indexes settled mixed on Wednesday, with the S&P 500 posting a 2-week high and the Nasdaq 100 posting a 1-week high. Wednesday’s stronger-than-expected US Jan payrolls report pushed bond yields higher and dampened expectations for additional Fed interest rate cuts, weighing on stocks. The 10-year T-note yield rose +3 bp to 4.17%, and the chance of a Fed rate cut at next month’s FOMC meeting fell to 6% from 23% before Wednesday’s payroll report.
Stocks were supported by Wednesday’s better-than-expected monthly US jobs report that showed January nonfarm payrolls increased more than expected by the most in 13 months, and the unemployment rate unexpectedly declined, signaling a stable... Read more
(Ranked by 5-Day Change)
| Sector | 5-Day Chg |
|---|---|
| TSX Indices Materials | +17.60 |
| TSX Electrical Equipment & Parts | +5.75 |
| TSX Indices Composite | +5.71 |
| TSX Gold | +5.22 |
| TSX Indices Energy | +4.86 |
(Sorted by Daily Weighted Alpha)
| TSX | TSX-V | |
|---|---|---|
| Issues Up | 1,259 | 439 |
| Issues Down | 904 | 353 |
| Issues Unch | 178 | 303 |
| Energy |
+3.06%
|
| Materials |
+2.25%
|
| Consumer Staples |
+1.44%
|
| Consumer Discretionary |
+0.91%
|
| Health Care |
+0.74%
|
| Utilities |
+0.67%
|
| Communication Services |
+0.01%
|
| Industrials |
-0.44%
|
| Financials |
-1.29%
|
| Real Estate |
-2.91%
|
| Information Tech |
-4.45%
|
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