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Stock impact report

The close: S&P 500 notches this year’s longest weekly winning streak, but TSX ends lower [Toronto Globe and Mail (Ontario, Canada)]

Silvercorp Metals Inc. Common Shares (SVM) 
US:NYSE Investor Relations: silvercorpmetals.com/investors
The close: S&P 500 notches this year’s longest weekly winning streak, but TSX ends lower More gains for stocks Friday gave the S&P 500 its fifth straight winning week. That’s the longest weekly winning streak for the benchmark index since December, before the coronavirus pandemic swept the world and sent economies tumbling into recession. But despite the U.S. indexes all closing higher, Canada’s stock market ended with a loss, with the consumer staples sector leading decliners. The S&P 500 rose 0.7%, bringing its weekly gain to 3.3%. The Dow Jones Industrial Average erased the last of its 2020 losses. The Nasdaq has left both those indexes in the dust with a year-to-date gain of 30%, thanks to big gains for technology stocks. The S&P/TSX Composite Index closed down 25.70 points, or 0.15%, at 16,705.79. Consumer staples lost 1.85%. But it was a good day for the materials sector, which rose 2.27% thanks to a rise in bullion prices. Gold rebounded over 2%, a day after a steep sell-off, a Show less Read more
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