Fund Library News Wire
| Thursday, April 13, 2017
S&P/TSX Composite Index
closed Friday with a loss on both the day and the week. Bank and other
financial stocks softened as falling bond yields got
investors anxious about bank earnings. Canadian financial stocks followed
the U.S. financial sector down, as investors south of the border digested
earnings reports from the U.S. financial majors and weighed the impact of
growing geopolitical tensions between Russia and the U.S., as well as
military action in Syria, off the coast of North Korea, and in Afghanistan.
The yield on 10-year U.S. Treasury bonds fell as investors sought safe
haven ahead of the Easter long weekend. New York’s blue-chip
S&P 500 Composite Index
retreated 1.1% on the week, while the
Nasdaq Composite Index
closed down 1.2% week-over-week.
was the major beneficiary of the move to safe haven assets, gaining 2.6% on
Crude oil, meanwhile advanced 1.2% on the week owing mostly to geopolitical risk.
Check Fund Library’s
Market Activity page
regularly for active updates on key market indexes and commodities.
– Follow Fund Library on
for daily information and updates.
© 2017 by Fund Library. All rights reserved. Reproduction in whole or in
part by any means without prior written permission is prohibited.
The foregoing is for general information purposes only and is the opinion
of the writer. No guarantee of investment performance is made or implied.
It is not intended to provide specific personalized advice including,
without limitation, investment, financial, legal, accounting or tax advice.