A man walks past a building in Toronto that used to house the Toronto Stock Exchange on Aug. 18, 2011. THE CANADIAN PRESS/Aaron Vincent Elkaim
AVETORONTO - North American stock markets were mixed on Friday, with the TSX in negative territory while U.S. markets reached more records.
The S&P 500 climbed 0.3 per cent to its latest all-time high as it closed out a fifth straight-winning week. That鈥檚 its longest such streak since 2024.聽
Apple led the U.S. market higher after it reported stronger profit and revenue for the latest quarter than analysts expected. Because it鈥檚 one of Wall Street鈥檚 biggest stocks in terms of overall size, Apple鈥檚 rally of 3.3 per cent was by far the strongest force lifting the S&P 500.
鈥淚n the U.S., the story this week has been the technology earnings and earnings in general, but really tech and ... there's more bullishness in the sector right now,鈥 said John Zechner, chairman and lead equity manager at J. Zechner Associates.
He said that Apple is different from other large U.S. tech names, spending less than others on AI and focusing on hardware.聽
Stock prices generally follow the path of corporate profits over the long term, and U.S. companies have been blowing past expectations for earnings in the first three months of 2026.聽
A little more than a quarter of the companies in the S&P 500 have reported already, and 84 per cent of them have topped analysts鈥 estimates, according to FactSet.
The S&P/TSX composite index was down 73.15 points at 33,891.18.
In New York, the Dow Jones industrial average was down 152.87 points at 49,499.27. The S&P 500 index was up 21.11 points at 7,230.12, while the Nasdaq composite was up 222.13 points at 25,114.44.聽
The main uncertainty for the global economy is where oil prices are heading because of the war in Iran.
Zechner said that to a degree, the market appears to be ignoring war-related risks.聽
鈥淭he market is clearly looking across the valley, they're not acting as if oil prices are north of US$100 and they're going to potentially stay there or there鈥檚 other geopolitical risks to the global economy,鈥 he said.聽
Oil prices spurted higher early this week on worries that the war will keep the Strait of Hormuz closed for a long time. That would in turn keep oil tankers pent up in the Persian Gulf instead of delivering crude to customers worldwide.
But such moves have been quick to reverse throughout the war, as hopes rise and fall for a reopening of the strait.聽
The June crude oil contract was down US$3.13 at US$101.94 per barrel.
On Friday, the price for a barrel of Brent crude, the international standard, fell two per cent to settle at US$108.17.
In the Canadian stock market, the energy sector led the TSX lower.聽
In the Canadian stock market, shares of Air Canada fell 2.09 per cent after it suspended its guidance Thursday for the year as jet fuel prices remain volatile.聽
Meanwhile, Magna International Inc.'s stock price dropped 4.4 per cent after the auto parts company swung to a loss in its latest quarter and lowered its sales outlook for the year.
The Canadian dollar traded for 73.66 cents US, compared with 73.40 cents US on Thursday.
The June gold contract was up US$14.90 at US$4,644.50 an ounce.
This report by 国产诱惑福利 was first published May 1, 2026.
鈥 With files from The Associated Press
Companies in this story: (TSX:GSPTSE, TSX:CADUSD, TSX:AC, TSX:MG)聽
国产诱惑福利
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