Previous close | 3,936.97 |
Open | 3,959.21 |
Volume |
Day's range | 3,919.05 - 4,007.66 |
52-week range | 3,491.58 - 4,637.30 |
Avg. volume | 4,337,683,389 |
Stocks closed higher Thursday afternoon as a post-Fed rally was bolstered by hopes from investors interest rate hikes will end sooner than expected as banking pressures end the central bank's aggressive fight against inflation.
The Canadian dollar was little changed against its U.S. counterpart on Thursday, with the currency giving back its earlier gains as oil prices fell and a rally on Wall Street lost momentum. The loonie was trading nearly unchanged at 1.3730 to the greenback, or 72.83 U.S. cents, after touching its strongest level since March 7 at 1.3631. The price of oil, one of Canada's major exports, fell after U.S. Energy Secretary Jennifer Granholm told lawmakers that refilling the country's Strategic Petroleum Reserve (SPR) would be difficult this year and may take several years.
Emerging markets ETFs may be a compelling option amid the ongoing banking crisis in the United States and Europe.