Market numbers: Tuesday, July 14, 2009

By Staff | July 14, 2009 | Last updated on July 14, 2009
2 min read
| North American markets | International markets | Bonds | Currency | Commodities |

The Toronto stock market put in a solid gain Tuesday for a second session in a row, led by the financial sector in the wake of an earnings report from American banking giant Goldman Sachs Group that was much better than expected.

The main S&P/TSX index closed up 94.22 points to 9,986.15 after surging 145 points on Monday following an upgrade on Goldman Sachs by influential banking analyst Meredith Whitney.

On Tuesday morning, the company said it earned US$2.72 billion, or $4.93 per share, much higher than the $3.54 analysts had expected. Its shares drifted six cents lower to US$149.38 after jumping just over 5% Monday.

The Canadian dollar rose 1.21 cents to 88.03 cents US, the currency’s highest close since June 19.

The Goldman Sachs report also pushed New York markets higher as the Dow Jones industrial average closed up 27.81 points to 8,359.49 after financials led a 185-point charge on Monday. The Nasdaq composite index gained 6.52 points to 1,799.73. Dell Inc. shares ran down $1.05 to US$11.97 as the company said the U.S. personal computer market has reached its low point but that the timing of a global turnaround in the technology industry remains anyone’s guess.

The S&P 500 index moved up 4.79 points to 905.84 as U.S. drug giant Johnson & Johnson handed in better than expected earnings. The company posted earnings of $3.2 billion, while also affirming its full-year outlook and its shares rose 53 cents to $58.25.

The TSX energy sector was also supportive, up 0.8% even as the August crude contract in New York moved down 17 cents to US$59.52 a barrel.

Prices had originally ran as high as US$61.46 a barrel, after Singapore said its economy surged an annualized, seasonally adjusted 20.4% in the second quarter, adding to hopes that Asia could lead the world out of recession and fuel crude demand.

The August gold contract on the Nymex rose 30 cents to US$922.80 an ounce and the gold sector was ahead 0.6%.

(THE CANADIAN PRESS)

North American markets Back to Top
Close Change YTD
Dow Jones 8,359.49 +27.81 or +0.33% -4.75%
S&P 500 905.84 +4.79 or +0.53% +0.29%
NASDAQ 1,799.73 +6.52 or +0.36% +14.12%
TSX Composite 9,986.15 +94.22 or +0.95% +11.11%

International markets Back to Top
Close Change YTD
Nikkei 9,261.81 +211.48 or +2.34% +4.54%
Hang Seng 17,885.73 +631.10 or +3.66% +24.31%
SENSEX 13,853.70 +453.38 or +3.38% +43.60%
FTSE 100 4,237.68 +35.55 or +0.85% -4.43%
CAC 40 3,081.87 +29.79 or +0.98% -4.23%
DAX 4,781.69 +59.35 or +1.26% -0.59%

Bonds Back to Top
Bonds $Current $Previous %Yield
Cdn. 10-year bond 102.72 103.70 3.42
Cdn. 30-year bond 117.15 118.65 3.98
U.S. 10-year bond 97.22 98.09 3.46
U.S. 30-year bond 98.09 100.17 4.36

Currency Back to Top
BoC Close Today Previous
Canadian $ 0.8803 0.8682
US $ 1.1360 1.1518

Euro Spot Rate Today Previous
Canadian $ 0.6315 0.6203
Euro 1.5835 1.6121

Commodities Back to Top
Gold AM PM
London Gold Fix ($US) $921.75 $924.75

Oil Close Change
WTI Crude Future (US) $59.45 -$0.24 or -0.40%

(07/14/09)

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.