TSX up after news of Merck’s Covid antiviral pill, loonie up

2 min read | October 01, 2021 03:30 PM AEST | By Team Kalkine Media

TSX up after news of Merck’s Covid antiviral pill, loonie up — Image source: Copyright © 2021 Kalkine Media

Volume active

The Bank of Nova Scotia was the most actively traded stock where 13.26 million exchanged hands, followed by Bombardier Inc. where 11.92 million exchanged hands, and Toronto-Dominion Bank with 8.44 million shares exchanging hands.

Movers and laggards

Wall Street update

Following a period of high volatility early in the session, stocks rose sharply throughout the trading day on Friday, October 1. The major averages regained ground as a result of the rally, following a steep drop in the previous session.

The Dow Jones Industrial Average rose 482.54 points or 1.4 per cent to 34,326.46, while the S&P 500 gained 49.50 points or 1.2 per cent to 4,357.04, and the Nasdaq rose 118.12 points or 0.8 per cent to 14,566.70.

Commodity update

Gold traded at US$ 1,758.40, up 0.08 per cent. Brent oil gained 0.97 per cent to US$ 79.28/bbl, while crude oil advanced 1.13 per cent to US$ 75.88/bbl.

Currency news

The Canadian Dollar stood higher against the U.S. Dollar on October 01, while USD/CAD ended in the red at 1.2647, down 0.24 per cent.

The U.S. Dollar index was weaker against the basket of major currencies on Friday, and ended at 94.04, down 0.21 per cent.

Money market

The U.S. 10-year bond yield slid on Friday’s trade and ended 1.84 per cent lower at 1.465.

After a five-day rally, the Canada 10-year bond yield tanked 2.45 per cent on October 01 and ended at 1.471.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.