TSX Composite rallies after lull on back of energy stocks, up 0.16%

2 min read | September 13, 2021 01:30 AM EDT | By Team Kalkine Media

TSX Composite rallies after lull on back of energy stocks, up 0.16% — Image source: Copyright © 2021 Kalkine Media

Active volume

Suncor Energy Inc., Enbridge Inc. and Canadian Natural Resources were among the most actively traded stocks on the TSX from a volume standpoint with 17.99 million shares, 12.60 million shares and 10.68 million shares.

Movers and laggards

Wall Street update

Following the negative trend witnessed over the previous several sessions, traders started bargain shopping on Wall Street, resulting in a surge of strength. During Monday's trading, stocks largely rose, with the Dow and the S&P 500 both ending five-session losing streaks.

The Dow Jones Industrial Average jumped 261.91 points, or 0.8% to 34,869.63, while the S&P 500 Index gained 10.15 points, or 0.2% to 4,468.73. Meanwhile, the Nasdaq recovered from its lows but fell 9.91 points or 0.1% to 15,105.58.

Commodity update

Gold gained some strength and traded at US$ 1,794.40, up 0.32%.

Brent oil climbed to US$ 73.51/bbl up 0.31%, while Crude oil also traded higher at US$ 70.45/bbl up by 0.48%.

Currency news

The Canadian Dollar was up against the US Dollar on Monday, while USD/CAD closed at 1.2651, down 0.23%.

The US Dollar Index was at a standstill against the basket of major currencies on September 13 and closed at 92.63, with no change from the previous day’s close.

Money market update

The US 10-year bond yield lost 1.13% on September 13 and closed in the red at 1.326.

The Canada 10-year bond was down 1.25% on Monday’s trade and ended at 1.222.

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