The S&P almost registered the exact same percentage gain, up 0.6% from yesterday to end the week at 1240. All sectors on the S&P also posted gains, lead by industrials, health care, and financials. http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--
The Canadian financials finished the day up 0.87% to close at 184. Weekly financial chart shown below.
http://tmx.quotemedia.com/marketsca.php?locale=EN
BNS lead the Canadian financials.
| BMO.TO | 61.74 | -0.10 | -0.16% | BANK OF MONTREAL |
| BNS.TO | 56.00 | +0.66 | +1.19% | BANK OF NOVA SCOTIA |
| RY.TO | 52.75 | +0.28 | +0.53% | ROYAL BANK OF CANADA |
| CM.TO | 77.31 | +0.14 | +0.18% | CANADIAN IMPERIAL BANK OF COMME |
| NA.TO | 70.22 | +0.71 | +1.02% |
| Company name | Exchange | Currency | Price | Change | Chg % | |
|---|---|---|---|---|---|---|
| TD | Toronto-Dominion Bank | TSE | CAD | 73.25 | 0.00 | 0.00% |
The US financials finished up 0.88% to close at 212.
Citigroup lead the way south of the border, with a 1.67% gain.
http://stockcharts.com/scripts/php/candleglance.php?C,JPM,WFC,BAC,RY,TD,BNS,$DJUSBK
This mini-rally should continue into next week, as commercial and retail investors get their year end trades in ahead of the holidays.
Stronger than expected economic data and consumer confidence levels should support the rally.
http://www.bloomberg.com/news/2010-12-10/most-asian-stocks-fall-euro-trades-near-week-low-on-china-rate-concerns.html
