AUS
NZ
UK
CA
USA
IND
The TSX composite index rose on Wednesday, May 5, boosted by energy stocks after oil prices surged due to easing of lockdowns in the United States and parts of Europe. The TSX energy index rose 2.713%, while the TSX composite index climbed up 0.64% to settle at 19,310.74.
1 Year S&P/TSX Composite Daily Price Chart (as on May 05, 2021). Source: EODHD/Others (Thomson Reuters)
The TSX Venture Index was up by 0.13% to 945.69.
Movers and Laggards on TSX Composite
Source: EODHD/Others (Thomson Reuters)
Active Volume Leaders
The most heavily traded stocks on TSX on Wednesday were Enbridge Inc, with 23.75 million, Suncor Energy Inc, with 13.96 million, and Manulife Financial Corporation, with 9.85 million were.
Wall Street
The strong earnings season persisted and strained valuations were put to the test when US Treasury Secretary Janet Yellen said that rate increases could be necessary to prevent the economy from overheating. The Dow closed after a gain of 97.31 points, closing at 34,230. The S&P 500 rose 0.07% to 4,168, while the Nasdaq Composite fell 0.37% to 13,582 after heavyweight tech stocks like Netflix, Amazon and Facebook fell more than 1% each.
Commodity Update
Gold futures marked little positivity and traded higher at US$ 1,785.15 after increasing by 0.39%.
Crude saw a downward momentum, where Brent Oil declined by 1.08% to US$ 68.53/bbl and WTI Crude Oil closed lower at US$ 65.12/bbl after dropping 1.68%.
Forex Update
On May 5, 2021, the Canadian dollar gained against the US Dollar, while USD/CAD closed at 1.2269, down 0.24%.
The US Dollar Index (DXY) stood flat on Wednesday and closed at 91.26 after witnessing a marginal loss of 0.02%.
Money Market Update
The US 10-year bond yield continued to slide for the sixth day and was down 1% to 1.578 on Wednesday.
The Canada 10-year bond yield also closed in red at 1.521, down 0.36%.
