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Main index of the Toronto Stock Exchange, the S&P/TSX Composite Index, moved up on continued hopes of coronavirus vaccine will lead to global economic recovery. The index added approximately 140 points or 0.85% to 16,615.37 on Tuesday.
S&P/TSX Composite 5-day Price Chart (as on November 10, 2020, after the market close). Source: Refinitiv (Thomson Reuters)
The index hovering in a bullish price territory as it traded above its crucial long-term as well as short-term support levels of 200-day, 100-day, 50-day, 30-day, 20-day, and 10-day. The leading momentum indicator Moving Average Convergence Divergence (MACD) is rising, with the difference between 12-day and 26-day exponential moving average (EMA) is positive.
At the close, S&P/TSX was featuring a dividend yield of 3.50% and traded at a Price-to-Earnings (P/E) multiple of 20x.
Stocks in Play*
Gainers: Enerplus Corp (up 11.6%), Sleep Country Canada Holdings Inc (up 9.2%), and Inter Pipeline Ltd (up 8.7%)
Losers: Aurora Cannabis Inc (down 26.4%), Kinaxis Inc (down 11.1%), Jamieson Wellness Inc (down 9.0%).
Volume Leaders: Enbridge Inc., Aurora Cannabis Inc., and Suncor Energy Inc.
On Wall Street: Stocks on the Wall Street traded in mix, with price-dominated Dow Jones Industrials added 262.95 points or 0.90% to 29,420.92, the S&P 500 index ended slightly lower by 0.14% to 3,545.53, and technology weighted Nasdaq Composite index traded 1.37% lower at 11,553.86, respectively.
Commodity News*
Safe-haven yellow metal “Gold Futures” surged 1.19% to $1,876.40/oz.
American Oil benchmark Crude WTI added 2.66% to US$41.36/bbl and the international oil benchmark Brent oil surges 2.85% to US$43.61/bbl.
Forex*
Canadian Dollar losses some ground against the greenback, USD/CAD pair traded 0.17% higher at 1.3029.
US Dollar edges higher against the basket of majors, with Dollar Index traded 0.02% higher at 92.73.
Bond Yield*
US 10-Year Treasury Bond yield soared 3.90% in the Tuesday trading session and settled at 0.96%.
Canada 10-year Government Bond Yield surged 3.48% to 0.773%, respectively.
*All details after market close on November 10, 2020
