Stock markets carry on amid absent U.S. jobs data, leaving Fed without its ‘compass’
Canadian stocks led by Shopify rose sharply as U.S. markets reached new highs despite delayed jobs data from the ongoing government shutdown.
- On Friday, the S&P/TSX composite index finished more than 250 points higher in Toronto as broad-based buying lifted Canadian stocks despite Washington's standstill.
- Artificial intelligence deal activity, including OpenAI's $500 billion valuation, buoyed bulls and helped extend market momentum.
- U.S. benchmarks showed mixed gains, with the Dow Jones Industrial Average adding 180 points and the S&P 500 index rising 0.28%. The Nasdaq Composite gained 0.25% and the Russell 2000 added 0.22%.
- The U.S. government shutdown delayed the monthly jobs report due Friday, while the ADP private-sector survey showed a 32,000-job decline in September.
- Amid trade talks, analysts say investors are still betting on more gains as Prime Minister Mark Carney prepares to meet U.S. President Donald Trump on Tuesday.
17 Articles
17 Articles
The main Canadian stock exchange index grew by more than 300 points as a result of a general momentum on Friday, while US stock markets evolved in dispersed order in the absence of employment data due to fiscal paralysis in Washington.
The Toronto Star
Stock markets carry on amid absent U.S. jobs data, leaving Fed without its ‘compass’
TORONTO - Canada's main stock index was up more than 300 points in a broad-based rally, while U.S. stock markets were mixed on Friday as investors carried on without U.S.
Stock markets carry on amid absent U.S. jobs data, leaving Fed without its 'compass'
TORONTO — Canada’s main stock index was up more than 300 points in a broad-based rally, while U.S. stock markets were mixed on Friday as investors carried on without U.S. jobs data. “I think the market resilience that we have seen over the past several months continues in the face of the standstill in Washington. […]
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