TSX, U.S. stock markets hit record highs on coronavirus optimism – CBC

Oil rising on expectations of higher demand as economy starts growing again

Feb 08, 2021

Stocks are moving higher yet again on Monday, adding to a slow and steady streak of gains as investors focus on company earnings and the higher prospects for more economic stimulus to combat the impact of the coronavirus.

The Toronto Stock Exchange’s benchmark group of stocks, known as the S&P/TSX composite index, was up by almost one per cent to 18,282. U.S. stock indicators including the Dow Jones Industrial Average, the broad market S&P 500 and the tech-focused Nasdaq were up about the same amount in percentage terms, and all four were on track to close at all time highs.

That’s a sign investors are feeling optimistic about the economy, even as vaccinations are progressing at a glacial pace, and there are troubling reports of their effectiveness against new emerging variants.

Read more: https://www.cbc.ca/news/business/markets-dollar-oil-bitcoin-1.5905518

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