AFTER THE BELL: The rise in stocks gives rise to the TSX, Dow leads the sector of technology and banking stocks



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The Toronto Stock Exchange has failed to take off today, despite increases in pot stocks and an increase in the materials sector.

The exchange was flat, rising 11 points.

A 5% drop in the Bombardier industrial giant and losses in the real estate sector were offset by a ramp-up by highly traded marijuana growers Aurora Cannabis, Green Organic Dutchman, Aphria and Canopy Growth.

Commodities rose 0.9%, with gold remaining a safe haven for investors during periods of market volatility.

The energy sector edged down 0.3% despite oil stabilization after a 25% drop in the last month and a half.

Oil climbed for a second day in a row, up 28 cents to $ 56.53 a barrel.

In New York, the Dow opened more than 100 points less before drastically reversing the course and ending the day with 208 points in the green.

Cisco Systems led the charge up, as the networking giant announced $ 13.1 billion in revenue in the first quarter, an 8% year-over-year increase.

Cisco shares rose 5.5%.

Higher prices for US banks, as well as market players such as Caterpillar, Intel and Apple also helped the Dow make progress.

An overall rise in technology stocks allowed the Nasdaq to gain 1.8%, or 125 points.

Gold and the loonie have also risen significantly today.

The Canadian dollar gained almost half a cent, up 44 cents, to US $ 0.7596, while gold rose from $ 5.40 to $ 1,215 an ounce.

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