TSX rebounds 2% but posts 7th straight weekly loss, tech & loonie gain

May 13, 2022 05:30 PM EDT | By Sundeep Radesh

TSX rebounds 2% but posts 7th straight weekly loss, tech & loonie gain — Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Movers and laggards

Wall Street updates

Wall Street too had a day in the green. The Dow was up 466.36 points, 1.47 per cent, to 32,196.66 points, while the S&P 500 surged 93.81 points, 2.39 per cent, to 4,023.89 points. Nasdaq’s benchmark grew 434.04 points, 3.82 per cent, to 11,805.00.

Commodities update

Gold lost 0.9 per cent to US$ 1,808.20. The price of Brent oil gained 3.82 per cent and was at US$ 111.55/bbl and that of crude oil was up 4.11 per cent to US$ 110.49/bbl.

Currency news

The loonie gained 1.04 per cent compared to the US dollar while USD/CAD ended at 1.2908. The US Dollar Index was at 104.56 against the basket of major currencies, down 0.27 per cent.

Money market

The US 10-year bond yield was up 2.54 per cent to 2.928 and the Canada 10-year bond yield was up 1.93 per cent to 2.957.

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