The Canadian stock market turned slightly positive again on Thursday with the help of a rebound in commodity prices despite surging treasury bond yields and mixed corporate earnings. Even after falling by as much as 235 points in intraday trading, the S&P/TSX Composite Index recovered sharply towards the end of the volatile session, settling with a minor gain of 12 points at 21,885.
On the one hand, tech stocks plunged sharply as investors closely monitored large tech earnings from the United States. On the other hand, healthy gains in commodity-linked sectors, especially metal and mining, helped the TSX index remain in green territory.
Top TSX Composite movers and active stocks
Shares of Teck Resources (TSX:TECK.B) inched up by 8.7% to $67.65 per share after announcing its quarterly financial results. In the quarter ended in March 2024, the Vancouver-headquartered miner’s total revenue rose 5.4% YoY (year…
