TSX Close: TSX Finishes Higher for Fourth Straight Session
The Toronto stock market closed higher on positive investor sentiment amid a ceasefire in the Middle East and rising commodity prices. Gains were limited following mixed economic news from the United States and as traders wound down for the U.S. Thanksgiving holiday.
U.S. jobless claims fell to 410,000 last week, down 41,000, but in line with economists' expectations. The University of Michigan's consumer confidence index fell to 82.7 from 84.9, coming in below expectations.
The S&P/TSX Composite Index finished up 54 points at 12,100, close to session highs of 12,104.
Most of the TSX's sub-sectors closed in positive territory, led by information technology, telecoms and industrials. Gold stocks were mostly higher, boosting the materials sector.
Actively traded stocks included Talison Lithium (TLH.TO, -7%), Spartan Oil (STO.TO, -5%) and Research In Motion (RIM.TO, +5%).
Gold for December delivery rose $4.60, or 0.3%, to settle at $1,728.20 an ounce on the Comex division of the New York Mercantile Exchange. January crude oil rose 63 cents, or 0.7%, to $87.38 a barrel.
U.S. markets will be closed Thursday for Thanksgiving. Gold and oil markets will hold an abbreviated trading session on Friday.
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