TSX closes down on day
The Canadian stock market ended the week with a down day that started with an optimistic surge but trailed off into a loss.
The S&P/TSX composite index was up about 70 points in early trading, but dropped most of the gain quickly. It then held a small gain until the early afternoon, when it drifted into negative territory, closing at 12,164.56, a loss of 8.79 points.
The TSX sub-indexes were almost split evenly, with seven rising and six falling. All the moves were relatively small.
The gold price hit the third record high of the week, gaining $3.70 US to $1,275.60 an ounce, but the gold sub-index sagged slightly, dropping 1.09 points to 397.27.
In New York, the Dow Jones average added 13.02 points to 10,607.85. The more broadly based S&P 500 index was up 0.93 points to 2,315.61.
Nasdaq, heavily weighed with technology stocks, gained 12.36 points to 2,315.61.
The loss Friday left the composite index up 131 points on the week. It's now within 160 points of its peak of 12,321 in the past year, reached on April 27.
The Dow gained about 65 points on the week. Year-over-year, it's ahead 825 points, an 8.4 per cent increase.
Nasdaq added about 73 points this week and 190 points over a year, a gain of 8.9 per cent.
The S&P index is up 16 points on the week and 60 points, or 5.6 per cent, over a year.