TSX Edges Higher On Day 2, Up 0.18%

2 min read | February 16, 2021 02:20 PM PST | By Team Kalkine Media

The TSX Composite Index moved up for the second consecutive day and added approximately 32.51 points or 0.18% to 18,492.72 on Tuesday. Other broader indices also settled in a positive territory, with the S&P/TSX 60 adding 0.21% to 1,097.48, and the S&P/TSX Venture Index up 1.94% to 1,088.13, respectively.

The 14-day and 9-day Relative strength index also hovered in a neutral zone and mostly tilted towards the overbought territory.

Further, the S&P/TSX Composite Index featured a dividend yield of 3.3% and traded at a LTM Price-to-Earnings multiple of 20.5x.

Five-day Price Chart of TSX on February 16th, 2021; Source: EODHD/Others (Thomson Reuters)

 

The three global benchmark indices of the United States traded in mix. Nasdaq Composite doffed 0.34% to settle at 13,773.77, the S&P 500 index down 0.06% to 3,932.59 and the Dow Jones Industrials added 0.20% to 31,522.75.

 

Commodity Cues*

 

Crude WTI traded slightly lower by 0.07% to $60.71/bbl, and the Brent Oil traded slightly higher by 0.08% to $63.35/bbl.

Gold contract traded 1.09% lower at $1,799.0/bbl.

 

Forex Cues*

 

US Dollar Index traded 0.04% higher at 90.50 against the basket of majors.

USD/CAD traded 0.38% higher at 1.2686.

 

Bond Market*

 

Yield on the Canada 10-Year Government Bond surged 8.95% higher at 1.127%.

US 10-Year Treasury Bond Yield surged 4.85% higher to 1.311% respectively.

 

*Details after markets close on February 16, 2021


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