• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • WORLD EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • WORLD EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Resource Market
    Resource News
    Resource Stocks
    • Resource Market
    • Resource News
    • Resource Stocks

    Markets Rise While Commodities Simmer

    Olivia Da Silva
    Apr. 17, 2018 07:25AM PST
    Resource Investing News
    Resource Investing

    Morning Market Breakdown, April 17: After a strong Monday filled with gains for commodities, metals cooled off on Tuesday.

    The S&P/TSX Composite Index (INDEXTSI:OSPTX) made small progress by end of day Monday (April 16) when it closed at 15,300.38 with a 26.41-point gain.

    Tuesday (April 17) morning saw the index continue ahead 24.58 points to reach 15,324.96.

    The S&P/TSX Venture Composite Index (INDEXTSI:JX) settled down with a 6.02-point gain to close at 801.96 on Monday.

    It took a small hit on Tuesday morning when it dropped 4.65 points to land at 797.31.

    Despite drops in energy stocks, with Vermilion Energy (TSX:VET) falling 2.8 percent and Canadian Natural Resources (TSX:CNQ) slipping 1.7 percent, a boost from the healthcare sector propelled the TSX yesterday. Aphria (TSX:APH) gained 7.3 percent, while Canopy Growth (TSX:WEED) rose 3.5 percent.

    The Dow Jones Industrial Average (INDEXDJX:.DJI) jumped 212.9 points on Monday to close at 24,573.04. It kept up its strength through to Tuesday morning, where it picked up 228.99 points to hit 24,802.03.

    The S&P 500 (INDEXSP:.INX) pushed forward 21.54 points, ending Monday at 2,677.84. The index continued to rise on Tuesday morning as it grabbed 22.22 points to reach 2,700.06.

    Gains from Merck (NYSE:MRK) helped lead the Dow Jones ahead yesterday, as the pharmaceutical company picked up 2.6 percent. Meanwhile, the telecommunications, materials and utilities sectors were the S&P 500’s best performers on Monday with gains of up to 1.5 percent.

    Note: All numbers shown above were accurate as of 10:00 a.m. EST.

    Daily metals

    Gold simmered on Monday as it closed at US$1,350.70 per ounce. The precious metal lost traction on Tuesday morning when it fell to US$1,344.90. Despite silver’s strong start, it closed Monday at US$16.67 per ounce. It picked up pace on Tuesday morning as it rose to US$16.72.

    Copper ended Monday on a high when it closed at US$3.09 per pound. It took a small slip on Tuesday morning as it landed at US$3.08.

    Major miner news

    • McEwen Mining (TSX:MUX,NYSE:MUX): The company announced its production results for Q1 2018 from its three producing mines and one currently under construction. Consolidated production totalled 35,069 gold ounces and 695,651 silver ounces, or 44,344 gold equivalent ounces.
    • Glencore (LSE:GLEN): Glencore has released its sustainability report for 2017, which details the company’s efforts to improve employee safety and reduce carbon emissions.

    Don’t forget to follow us @INN_Resource for real-time updates!

    Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.

    dow jonesmetals goldindextsi jxcarbon emissions
    The Conversation (0)

    Go Deeper

    AI Powered
    Toronto Stock Exchange sign.

    Gold and Silver Stocks Dominate TSX30 List of Top Performers

    Silver and copper bars with "5 Top Canadian Mining Stocks" text overlay.

    Top 5 Canadian Mining Stocks This Week: Carlton Precious Gains 78 Percent

    Latest News

    Cotec Holdings Corp. Notes Hypromag USA Project Update

    Element79 Gold Corp. Announces Changes to Board of Directors with Eye to Drive Corporate Growth

    West High Yield Resources Ltd. Receives Draft Mining Permit for Its Magnesium/Silica Project

    Locksley Resources Announces Significant Expansion of its Exploration Program for both Rare Earths and Antimony After Increasing its Landholding to More than 40 Square Kilometers in California's Mojave Region

    Blue Lagoon Announces Commissioning of MBBR Water Treatment System and Start of Underground Operations at Dome Mountain

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Resource Investing News Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×