Stockhouse @ the Bell: U.S. stocks hit fresh record amid strong manufacturing, employment data

Canadian Press, The Canadian Press
0 Comments| July 2, 2014


TORONTO _ The Toronto stock market racked up a solid gain amid rising hopes for a strong reading on U.S. job creation.

The S&P/TSX composite index gained 63.78 points to 15,209.79. The Canadian dollar was up 0.03 of a cent to 93.75 cents US.

U.S. indexes put in lacklustre performances but the Dow Jones industrials and the S&P 500 again closed at fresh record highs. The Dow was up 20.17 points to 16,976.24 and the S&P 500 gained 1.3 points to 1,974.62. The Nasdaq was 0.92 of a point lower at 4,457.73

Traders were cautious ahead of the other major economic event for the week _ the release Thursday of the U.S. government's employment report for June.

Ahead of that data, U.S. payrolls firm ADP reported that the private sector created 281,000 jobs in June, much higher than the 205,000 reading that had been forecast.

That raised hopes that the government's figures will show the American economy cranked out more than the 210,000 jobs in the public and private sector that economists have forecast.

For news about small stocks that made big moves in Wednesday’s trading, please read the
Stockhouse Canadian Small and Micro-Cap Stock Report


Tags: ENERGY OIL & GAS INTEGRATED

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