Stocks closed lower Monday as investors took some profits after last week’s rally and looked nervously ahead to the unfolding impeachment drama and fears of violence during President-elect Joe Biden’s inauguration next week in Washington. Adding to investor unease was last Friday’s jobs report, which showed that the U.S. labour-market recovery took a step back in December, with seven months of job growth ending. By Monday’s close, the Dow dropped 89 points, while the S&P and Nasdaq shed 25 and 165, respectively. In Canada, the TSX declined 107 points, weighed down by the materials sector, which lost nearly 2% on gold price weakness.
N.A. equity indexes edged slightly higher Tuesday as major tech shares regained ground lost on Monday. In U.S. bond news, 10-year Treasury yields climbed for the seventh straight session, up to 1.136%. Expectations of higher government spending and more bond sales have sparked a mild selloff in U.S. government issues.
Dri Financial Group 