Canada's main stock index was set to open firmer on Friday on a recovery in crude and gold prices, but the benchmark index was on course for its biggest weekly loss since June.
The TSX ended the day negative 188.09 points, or 1%, to at 19,142,72
Futures gained 0.3% Friday.
Markets throughout North America are to be shuttered Monday for Labour Day
ON BAYSTREET
The TSX Venture Exchange lost 11.3 points, or 1.8%, to 627.14
ON WALLSTREET
U.S. stock futures were flat Friday morning as investors await a key jobs report for August that will give more information about the state of the economy and could determine the pace of future Federal Reserve interest rate increases.
Futures for the Dow Jones Industrials ditched three points early Friday to 31,660.
Futures for the S&P 500 handed back one point to 3,967.75
Futures for the NASDAQ Composite slid 17 points, or 0.1%, to 12,275.25.
All three major averages are set to end the week lower after slumping in the last days of August, on course to notch their third negative week in a row.
Stocks have been weighed down by hawkish comments from Federal Reserve officials signaling that interest rate hikes aren’t going away anytime soon. Now, traders are watching to see if stocks will retest the June lows, especially since September is historically a poor month for the market.
Shares of retailer Lululemon jumped nearly 10% in pre-market trading after reporting quarterly results that beat Wall Street’s expectations.
Broadcom shares rose 2% in pre-market trading after the chipmaker reported quarterly earnings and revenue that exceeded analyst forecasts and issuing stronger-than-expected revenue guidance for the current quarter.
Daiwa Capital Markets downgraded shares of Nvidia to neutral, saying in a note to clients that shares are trading too high given the uncertainty for the company going forward.
In Japan, the Nikkei 225 index doffed 10 points Friday, while in Hong Kong, the Hang Seng lost 0.7%.
Oil prices recovered $1.43 to $88.04 U.S. a barrel.
Gold prices grabbed $6.70 to $1,716.00 U.S. an ounce.
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