S&P/TSX composite hits another record closing high on U.S. jobs report
TORONTO —
Canada’s main stock index edged higher Friday, as weak new jobs numbers out of the U.S. helped reduce investor anxiety about the possibility of a forthcoming taper of stimulus programs by the Federal Reserve.
The S&P/TSX composite index gained 26.31 points to a new closing high of 20,821.43, breaking the previous record set just the day before.
In New York, the Dow Jones industrial average was down 74.73 points at 35,369.09. The S&P 500 index was down 1.52 points at 4,535.43, while the Nasdaq composite was up 32.34 points at 15,363.52. Both of these markets had closed at record highs Thursday.
Market performance Friday was largely driven by a new jobs report from the U.S. Labour Department, said Macan Nia, senior investment strategist with Manulife Financial.
The report indicated the American economy added just 235,000 jobs in August, a surprisingly weak gain after two months of robust hiring, at a…
