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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index  rose 0.3% , adding 74.4 points  to settle at 25,971.9 .  This latest surge marks a 2.4% weekly gain , reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase , while Basic Materials saw a slight dip of 0.2% .  Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions . With 74% of TSX-listed stocks closing higher , the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks.  Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.
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Stock Market Update: Steady Futures Aim to Extend Records


U.S. stock futures remained stable early Monday as investors geared up for a consequential week that could provide key signals for the near-term path of interest rates. Here are the highlights:

  • S&P 500 and Nasdaq Records: The S&P 500 and tech-heavy Nasdaq Composite are looking to build on their latest records secured in the wake of Friday’s jobs report, which signaled continued cooling in the labor market. This prompted an influx of bets on a September rate cut from the Federal Reserve. About three-in-four traders expect a cut in September.

  • Upcoming Events: Keep an eye on several events this week:

    • Fed Chair Testimony: Fed Chair Jerome Powell is set to appear in Congress for semiannual testimony on Tuesday and Wednesday.
    • Consumer Price Index (CPI): The latest CPI print is scheduled for release on Thursday. Economists expect headline inflation to have risen 3.1% over the last year, matching the lows where the CPI started the year.
    • French Election Results: A left-wing coalition in France garnered the most votes in the country’s election, stunning the far-right that was hoping to secure a parliamentary majority. The benchmark French index rose slightly.

  • Corporate News: Boeing (BA) pleaded guilty to a criminal conspiracy charge in relation to two fatal 737 Max crashes. Shares were up nearly 1% in premarket trading.


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