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While Thursday was a much-needed recovery day for many major markets, Friday morning saw indexes struggling to keep the previous day’s pace.
The S&P/TSX Composite Index (INDEXTSI:OSPTX) made a much-needed comeback on Thursday (April 5) when it picked up 191.68 points to close at 15,356.05.
The index wavered on Friday (April 6) morning, losing 0.37 points to reach 15,355.68.
The S&P/TSX Venture Composite Index (INDEXTSI:JX) stayed in the green on Thursday as it grew 6.78 points to reach 770.56. The TSXV made a minor slip on Friday morning when it fell 0.14 points to land at 770.42.
Despite having dragged down Canadian markets earlier this week, healthcare and energy stocks gained major traction on Thursday. Suncor Energy (TSX:SU) and Canadian Natural Resources (TSX:CNQ) enjoyed 4.7-percent and 4.4-percent boosts, respectively, while in healthcare, Aurora Cannabis (TSX:ACB) lifted 10.7 percent and Canopy Growth (TSX:WEED) found 3 percent.
The Dow Jones Industrial Average (INDEXDJX:.DJI) maintained its green streak as it gained 240.92 points to close at 24,505.22. Friday morning saw the index slip up as it fell 95.61 points to hit 24,409.61.
Also seeing green was the S&P 500 (INDEXSP:.INX), as the index boosted 18.15 points to hit 2,662.84 at close. The index took a small tumble on Friday morning when it lost 8.59 points to hit 2,654.25.
The tech sector lent a helping hand to yesterday’s gains, as Facebook (NASDAQ:FB) got a 2.7-percent boost while Netflix (NASDAQ:NFLX) and Amazon (NASDAQ:AMZN) found boosts of 1.7 percent and 2.9 percent, respectively.
Note: All numbers shown above were accurate as of 10:00 a.m. EST.
Daily metals
Gold simmered to a close of US$1,328.5 per ounce on Thursday, while Friday morning saw gold rise to US$1,335.30. While silver closed at US$16.35 per ounce on Thursday, it made headway on Friday morning when it rose to US$16.41.
Copper settled down Thursday when it closed at US$3.07 per pound, and gradually slid further on Friday morning when it reached US$3.05.
Major miner news
- First Majestic Silver (TSX:FR,NYSE:AG): In a press release, Evrim Resources (TSXV:EVM) announced that First Majestic Silver has initiated arbitration proceedings with regard to Evrim’s Ermitaño property in Mexico. While the property is held 100 percent by Evrim, First Majestic is an exploration partner of the company and is now seeking a 100-percent interest in the property, with prior agreements stating that Evrim will maintain a 2-percent net smelter return royalty interest.
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Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.