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Dragged down by the weakness in high-weighted base metals, energy and financial stocks, the S&P/TSX Composite settled lower on Friday, April 30. The benchmark Canadian index declined for the second day in a row on Friday, trading 0.77% or 148 points lower at 19,108.33.
The Energy benchmark index had declined 0.92%, while the Based Metals index was down 2.5% and the Information Technology index fell 1.806%.
1-Year S&P/TSX Composite Index Daily Price Chart (as on May 03, 20210. Source: EODHD/Others (Thomson Reuters)
Movers and Laggards
Source: EODHD/Others (Thomson Reuters)
Active by Volume
The most active stocks by volume were Barrick Gold Corp (5.41 million), Manulife Financial Corp (5.10 million) and Whitecap Resources Inc (5.08 million).
Wall Street
With economic reports indicating possible inflation pressures and hawkish comments from a Federal Reserve official, US stocks fell from record highs. The Dow declined 0.54% to 33,875, while the S&P dropped 0.72% to 4,181. The Nasdaq Composite Index was also down 0.85% to 13,363.
Commodity Cues
Gold futures traded slightly down at US$ 1,768.60/oz.
Crude caught a sliding momentum, where Brent Oil declined by 2.77% to US$ 66.66/bbl and WTI Crude Oil closed lower at US$ 63.48/bbl down 2.35%.
Currency News
On April 30, 2021, the US dollar grew against the Canadian counterpart. At close, the USD/CAD traded marginally higher at 0.07% at 1.2286.
The US Dollar Index (DXY) closed higher on Friday at 91.30, up 0.75%.
Money Market:
US 10-year Treasury Bond Yield was down by 1.05% to 1.626 on Friday.
Canada 10-year Government Bond also ended in red at 1.549 after declining by 1.21% in Friday’s trade.
