Stock market news

Stocks close higher on strong jobs report: The TSX and major U.S. equity markets closed higher on Friday, with small-cap stocks leading large- and mid-cap stocks. Sector performance was broad, as financial and consumer discretionary stocks led to the upside. In global markets, Asia was mixed, while Europe closed higher. The U.S. dollar advanced versus major currencies. In the commodity space, WTI oil was up on risks of supply disruption in the Middle East, and gold traded lower.

^{Source: *FactSet **U.S. Bureau of Labor Statistics ***CME FedWatch}

The market action in August was like a blockbuster summer action movie – packed with suspense and unexpected twists, keeping investors on the edge of their seats, but ultimately wrapping up with a satisfying, upbeat finale. Stocks ended at or near record highs depending on the index, but not before first going through a near 10% correction in the U.S. and a 5% pullback in Canada₁. To frame the August swings, we examine what's changed, what hasn't, and what the evolving conditions may mean for the road ahead.

^{Source: 1. Bloomberg}

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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.