TORONTO — Canada’s main stock index posted a small gain Friday, closing out the first trading week of 2024, while U.S. markets also ended the day marginally higher. The first week of 2024 broke Wall St.’s nine-week winning streak.
TORONTO — Canada’s main stock index posted a small gain Friday, closing out the first trading week of 2024, while U.S. markets also ended the day marginally higher.
The first week of 2024 broke Wall St.’s nine-week winning streak.
Though January tends to be a stronger month, it’s not a surprise to see a “technical reset” after such a robust end to 2023, said Brianne Gardner, senior wealth manager with Velocity Investment Partners at Raymond James Ltd.
The tone in the markets is “a little more defensive” than it was heading into the end of the year, she said.
The S&P/TSX composite index closed up 66.20 points at 20,937.55.
In New York, the Dow Jones industrial average was up 25.77…
