Stockhouse @ the Bell: TSX little changed, Dow closes above 17,000

Canadian Press, The Canadian Press
0 Comments| July 3, 2014

TORONTO _ The Toronto stock market closed little changed even as U.S. job creation data blew past expectations and raised hopes for a stronger showing by the economy in the second quarter.

The S&P/TSX composite index backed away slightly from Wednesday's record-high close to decline 2.44 points to 15,207.35. The TSX was held back in part by gold stocks as bullion prices retreated in the wake of data showing that the American economy cranked out 288,000 jobs during June.

That was far above the estimate for 215,000 jobs that economists expected. Canadian employment data for June will be released July 11.

U.S. indexes were higher ahead of the Independence Day holiday Friday, when American markets will be closed.

The Dow Jones industrials closed above the 17,000-mark for the first time, up 92.02 points to 17,068.26, the Nasdaq rose 28.19 points to a 14-year high of 4,485.93 and the S&P 500 index advanced 10.82 points to 1,985.44.

The Canadian dollar was up 0.24 of a cent to 93.99 cents US.

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

Tags: ETF

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