Canada’s main stock exchange ended higher on Friday, with investors assessing a bevy of major U.S. tech earnings.
The S&P/TSX composite index gained 81 points or 0.26% at 30,260.74 On Thursday, index jumped by 0.1% to end at 30,178.98, as markets digested a Bank of Canada interest rate reduction. The average is now track for a monthly increase of 0.5%, which would mark six straight positive months for the first time since 2021.
Traders were keeping tabs on a meeting with Canadian Prime Minister Mark Carney and Chinese President Xi Jinping, which aimed to reset their trade relationship after years of strained ties during a time when the United States is pursuing a policy of aggressive tariff increases.
U.S. stocks gain U.S. stocks rose, lead by the tech sector as investors cheered strong after-hours results from Apple and Amazon.
the Dow Jones Industrial Average rose 75 points, or 0.2%, the S&P 500 gained 0.4%, and the NASDAQ Composite 0.8%.
The main averages on Wall Street fell in the prior session, pulled down by a decline in shares of Facebook-owner Meta Platforms and software giant Microsoft.
However, October has been a strong month on Wall Street, with the broad-based S&P 500 climbing 2% over the month. The NASDAQ Composite has gained over 4% and the 30-stock Dow Jones Industrial Average is up 2.4% month to date.
The Dow is on pace for its sixth positive month in a row for the first time since 2018.
