TSX recap: Markets fluctuate as energy stocks fall - BNN Bloomberg

The S&P/TSX Composite Index closed up slightly Thursday as gains in industrials and real estate offset losses in energy.While the overall index climbed, energy stocks were down 2.15 per cent as oil prices fell.

Thursday’s trading marks the biggest three-day gain on the S&P 500 since May 27. However, despite some positive signs in U.S. markets, Chad Morganlander, a senior portfolio manager at Washington Crossing Advisors, said there are still hurdles ahead for equity markets. “We would push more into defensive sectors, like consumer staples as well as healthcare. We think that healthcare is appropriately valued at this inflection point, based on the economic backdrop that we're looking at over the next six to 12 months,” Morganlander said in an interview.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Six TSX dividend stocks that benefit from the soaring U.S. dollarWe are looking for sustainable Canadian dividends bolstered by the high-flying U.S. dollar
La source: globeandmail - 🏆 5. / 92 Lire la suite »

15 TSX-listed ETFs hold wide moat stocks and have outperformed peersWe are looking for Canadian-domiciled exchange-traded funds holding wide moat stocks that have outperformed peers
La source: globeandmail - 🏆 5. / 92 Lire la suite »