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The TSX Composite Index ended in the red Thursday, December 16. December is not turning out to be quite the Santa Claus Rally as was initially expected, but it is up 0.39 per cent month-to-date.
The technology sector fell almost three per cent and the healthcare sector 2.2 per cent to land the index at 20,739.78, 0.14 per cent and 29.38 points lower. The stocks of Lithium Americas Corp fell 7.3 per cent.
One-year price chart (December 16). Analysis by © 2021 Kalkine Media®
Volume actives
Manulife Financial Corporation saw 9.9 million shares traded, making it the most active stock. It was followed by Kinross Gold Corporation that saw 8.7 million shares switch hands and Suncor Energy Inc saw 8.4 million shares traded.
Movers and laggards
Wall Street update
The main indices on Wall Street gradually fell through the day’s trading. The Dow was down 29.79 points, 0.08 per cent, to 35,897.64. Nasdaq dropped 2.47 per cent, 385.14 points, to 15,180.44 and the S&P 500 sank 0.84 per cent, 41.18 points, to 4,668.67.
Commodities rebound
Gold rose 1.91 per cent to US$ 1,798.20. Brent oil gained 1.54 per cent to US$ 75.02/bbl. Crude oil was up 2.13 per cent to US$ 72.38/bbl.
Currency news
The loonie posted a 0.47 per cent gain Thursday while USD/CAD ended at 1.2770. The loonie has risen 0.71 per cent in two days. The US Dollar Index was at 96.04, down 0.49 per cent against the basket of major currencies.
Money market
The US 10-year bond yield fell 2.34 per cent to 1.424 and the Canada 10-year bond yield fell 5.52 per cent to 1.334.
