Stock market news

Stocks close higher: The TSX and major U.S. equity indexes closed higher on Friday, with large-cap stocks trailing small- and mid-cap stocks*. Sector performance was broad, with industrials and real estate leading to the upside*. Bond yields ticked down, with the 10-year Government of Canada yield at 3.32% and the 10-year U.S. Treasury yield at about 4.19%. In global markets, Asia and Europe traded higher following the sell-off yesterday. The U.S. dollar declined versus major currencies. In the commodity space, WTI oil traded lower on concerns over demand from China, while gold was up.

^{Source: *FactSet}

Even with a holiday-shortened week, markets digested a slew of economic data that pointed in a similar direction: The U.S. and Canadian economies seems to be softening, albeit from a period of outsized strength in the post-pandemic years. Meanwhile, inflation appears poised to resume a gradual path of cooling as well.

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The quarterly market outlook offers our perspective on recent activity in the capital markets. The Edward Jones Investment Policy Committee offers its viewpoints on the U.S. economy, stocks, the bond market, international markets and asset classes, as well as a special topic of interest to investors each quarter.

These aren’t short-term predictions. Rather, this is Edward Jones’ perspective on market and economic topics, designed to help you make decisions affecting your long-term financial strategy. As you read through each topic, you'll find specific actions you can discuss with your financial advisor.

Edward Jones experts share their financial markets and economic forecasts on what's to come.