The close tsx ends flat as energy fall outweighs miner gains – the globe and mail usd to aud conversion calculator


Canada’s main stock index ended flat on Monday, as sharp gains for several base metal miners and a major bank offset losses for heavyweight energy stocks as crude oil prices turned sharply lower.

Toronto-Dominion Bank rose 1.1 per cent to C$64.41 after Moody’s said it had a very strong credit profile and better financial metrics than peers.

First Quantum Minerals Ltd jumped 5 per cent to C$13.54 after Zambia restored full electricity supply to two of its copper mines over the weekend, after reducing them last week due to a pricing dispute.

But the energy group retreated 1.6 per cent, as oil prices fell nearly 2 per cent ahead of monthly contract expiration, pulling back from last week’s rally.

HollisWealth’s Small said that with crude prices stuck in a range Canadian domestic producers were less attractive than global companies paying higher dividends.

Marijuana company CannTrust Holdings Inc, settled at C$2.50 on its first day of public trade on the smaller Canadian Securities Exchange, after pricing convertible warrants at C$2 in June.

The S&P 500 ended up slightly on Monday after two days of declines, though simmering tensions between the United States and North Korea kept investors on edge and a drop in oil prices weighed on energy shares.

Investors began to turn their focus to the Jackson Hole meeting of Federal Reserve Chair Janet Yellen and other global central bankers, due to start later this week.

Investors are angling for the slightest hint on where monetary policy is headed usa today sports page. Fed Vice Chair William Dudley, who has in the past taken a more dovish approach to policymaking, earlier this month said the fact that financial conditions have recently eased despite Fed rate increases is a reason to keep plans to tighten policy in place.

"That confluence of strong growth and low inflation, which is somewhat like nirvana for equity investors, we don’t think can last forever," said Wayne Wicker, chief investment officer at ICMA-RC in Washington.

"We’re hopefully getting a couple of more data points to see where the Fed takes their temperature on where they’re feeling the economy is at this juncture so that we can anticipate if something happens in the fourth quarter or not."

The United States and South Korea began long-planned joint military exercises on Monday, heightening tensions with North Korea, which called the drills a "reckless" step toward nuclear conflict.

Absent U.S. economic data or other headlines, "it’s a quiet Monday and people are still feeling the effects of last week usa today puzzles. Now that earnings are over there’s just not a whole lot of catalysts," said Ian Winer, head of equities at Wedbush Securities in Los Angeles.

Stock futures trading volume fell during the two hours that people left their offices to get a glimpse of the first total solar eclipse to unfold across the country in nearly a century.

About 174,000 S&P 500 e-mini futures futures changed hands in the two-hour period ending 3:30 p.m us to inr exchange rate today. E.T. on Monday, down about 46 per cent from the comparable period last year.

The Dow Jones Industrial Average rose 29.24 points, or 0.13 per cent, to 21,703.75, the S&P 500 gained 2.82 points, or 0.12 per cent, to 2,428.37 and the Nasdaq Composite dropped 3.40 points, or 0.05 per cent, to 6,213.13.

The S&P 500 energy index was down 0.6 per cent, leading sector declines in the S&P 500, after crude oil prices fell nearly 2 per cent, pulling back from last week’s rally.

While the benchmark S&P 500 index is still up 13.5 per cent since the election, it had fallen 2.1 per cent in the last two weeks convert usd to inr. That’s the most since the two weeks before the election.

The Dow ended above its 50-day moving average after briefly falling below it during the session, while the S&P 500 remained below the 50-day technical level.

Shares of sporting good retailers took a hit after analysts downgraded ratings on Nike, Foot Locker and other companies funny quotes and sayings for facebook. Nike’s shares fell 2.4 per cent, while Foot Locker shares slid 7.4 per cent.

Johnson Controls rose 3.3 per cent to $38.27, among the top S&P 500 gainers, after saying its CEO change would happen earlier than announced.

Herbalife surged 9.8 per cent after the nutritional supplement maker said it would buy back $600-million of shares after ending talks to be taken private.

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