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TSX Back To Within Sight of Record High; Healthcare Caps Gains

By: MT Newswires
Posted: 7/9/2014 4:03:00 PM
Referenced Stocks:

Canada's main stock market, the Toronto Stock Exchange, put the loss of near 80 points over the previous two trading sessions behind it and got back on the winning trail Wednesday, closing up 78 points and near the 15,215 mark again. This get the index back to within sight of its recent record high 15,256.36.

The TSX did dip after the release at 2pm ET of the Federal Reserve's latest policy committee meeting minutes, which showed some officials were concerned investors were too complacent about risk. But, overall, the minutes didn't offer any real surprises - painting a picture of steady but unspectacular improvements in the economy. While the Fed put down a timetable on Fed tapering, it didn't give any clear clues as to when interest rates might rise.

Among sectors, Info Tech was the largest gaining climbing 1.61% while Health Care capped gains declining 0.8%.

Of commodities, gold prices ended the U.S. day session with small gains, reacting little to the FOMC minutes. Bloomberg reported early Wednesday afternoon that West Texas Intermediate oil fell for a ninth day, the longest stretch of declines since 2009, after supplies rose at Cushing, Oklahoma, the contract's delivery point. Gasoline slipped to a one-month low, it added.