By Justin Turner CIM, DMS®, CFP®
Despite the Canada Day and Independence day shortened trading week, there was no shortage of good news for the markets highlighted by the greater than expected US employment numbers. The US added almost 300k jobs in the month which helped the S&P 500 add to its record and close near the 2000 mark. The Nasdaq also seems unstoppable this year and added another 2.4% to its already strong year to date performance. The big news of course is that the Dow has managed to break the 17,000 level for the first time.
Despite the Canada Day and Independence day shortened trading week, there was no shortage of good news for the markets highlighted by the greater than expected US employment numbers. The US added almost 300k jobs in the month which helped the S&P 500 add to its record and close near the 2000 mark. The Nasdaq also seems unstoppable this year and added another 2.4% to its already strong year to date performance. The big news of course is that the Dow has managed to break the 17,000 level for the first time.
The TSX also gained on the week setting brand new highs on 3
of the 4 trading days. Despite the new highs energy stocks are starting
to cool off a bit which will be something to keep an eye on. They
represent a large percentage of the TSX and will most likely need to perform
well if the TSX hopes to outperform going forward.
