On Thursday the TSX continued its losing ways dragged down by both energy and some financials.
CIBC announced better than expected earnings but investors sold the stock lower while Bank of Montreal Stock continued falling on investors’ concerns over the bank’s revenue from its US operations. Royal Bank, Bank of Nova Scotia and TD Bank all rose as Royal and TD Bank announced excellent earnings. Bank of Nova Scotia reports next week on May 30 before the markets open.
For the day the TSX at one point was down to 15,340.34 but managed an impressive comeback to end up down just 8.76 points.
The TSX Composite Index closed at 15,410.73.
This article looks at the market breadth indicators from May 25 2017 and views the outlook for Friday May 26 2017.
The TSX Composite Index Market Breadth Outlook for Tomorrow is for FullyInformed Members.
TSX Composite Index Market Breadth Outlook for May 26 2017
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