In New York,  the Dow Jones Index rose 335 points or 0.78 percent on Friday. Leading the gains are Nvidia (2.67%), Goldman Sachs (2.31%) and Amazon (2.28%). Top losers were Merck (-2.75%), Travelers Companies (-1.21%) and J&J (-0.55%).

The Dow Jones Index Closes 0.78% Higher

Net foreign acquisitions of long-term securities, short-term US securities, and banking flows was a net TIC inflow of $159.9 billion in November 2024. It came below the record high set in September, with China boosting its portfolio of US debt. Net foreign private inflows amounted to $156.6 billion, while net foreign official inflows totaled $3.3 billion. Foreign residents raised their holdings of long-term US securities in November, with net purchases reaching $115.7 billion. Private foreign investors made net purchases of $124.0 billion, while foreign official institutions recorded net sales of $8.3 billion. US residents also increased their holdings of long-term foreign securities, making net purchases of $36.7 billion. Treasury yields surged before the Nov. 5 US elections, fueled by expectations of growth-friendly policies and potential inflation from Republican victories. Yields eased in mid-November but climbed again, with 10-year yields hitting a 14-month high earlier this week.

US Capital Inflow Rises in November

The S&P/TSX Composite Index gained 0.9% to close at 25,068 on Friday, marking its fourth straight session of gains and a weekly rise of 1.2%, as dovish expectations for the US Federal Reserve bolstered risk assets and improved the demand outlook for key commodities. TD Bank surged 4.4% following the announcement of an accelerated CEO transition and strategic review under Raymond Chun, signaling renewed focus on growth and compliance. Heavyweights RBC, Enbridge, Brookfield, Thomson Reuters, and Canadian Natural Resources also advanced between 0.8% and 1.7%. On the economic front, Canadian investment in foreign securities rose by $17.8 billion in November, the highest since March 2024, while foreign investors acquired $16.4 billion in Canadian securities, driven by record money market inflows, as markets anticipate domestic data and U.S. policy shifts under President-elect Trump.

TSX Posts Strong Weekly Performance

Stocks in the US closed sharply higher on Friday, fueled by a tech sector rebound and significant gains across major indices. The S&P 500 rose 1%, and the tech-heavy Nasdaq 100 advanced 1.6%, the Dow Jones climbed 0.8%, or 334 points. Big tech stocks led the rally, with Tesla jumping 3%, Nvidia gaining 3.1% and Microsoft rising 1%. Consumer discretionary stocks also outperformed with Amazon up 2.4%. Sentiments improved on reports of easing inflation pressures and solid earnings from major banks, fueling optimism for potential interest rate cuts. As Donald Trump prepares for his second presidential term, investors are also watching for policy shifts amid concerns over tariffs and tax changes. The rally has positioned the Dow and S&P 500 to post their largest weekly gains since November, up 3.2% and 3.4%, respectively, while the Nasdaq recorded a 3.9% weekly gain, ahead of the Martin Luther King Jr. holiday.

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The Dow Jones Index Closes 0.78% Higher

US Capital Inflow Rises in November

TSX Posts Strong Weekly Performance

US Equities Rise, Led by Tech